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Blockbuster US Jobs Data Sparks Fed Rate Hike Fears, Sinking S&P 500

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The Story

News Summary

  • U.S.
  • non-farm payrolls jumped by 162,000 in August, crushing expectations of 56,000 and triggering a sharp rise in Treasury yields and the Dollar.
  • The unexpectedly strong labor data reignited Fed rate hike bets, sending Wall Street futures, gold, and crude oil lower across the board.
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US500 price history

7656.98 +14.20% over the displayed period

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