By Caroline Valetkevitch

New York (Reuters) -The New York Stock Exchange ended up on Friday after the publication of data showing that employment growth in the United States has decreased sharply in August, concerns about a possible economic slowdown winning it on the hope of a drop in interest rates.

The Dow Jones index sold 0.48%, or 220.43 points, to 45,400.86 points. The larger Standard & Poor’s 500 lost 20.58 points, or 0.32%, to 6,481.50 points. The Nasdaq Composite fell on its side of 7.31 points, yielding 0.03%, to 21,700.388 points.

The monthly report of the Labor Department published on Friday identified 22,000 non -agricultural jobs created in August, while the economists interviewed by Reuters provided on average 75,000 net creations after 79,000 in July.

The three main American stock market indices initially progressed and broke records after the publication of this data, which fueled the drop in drop in rates of the American Federal Reserve (FED) at its next meeting in mid-September, up to 50 base points.

“The salaries report today confirms the slowdown in the labor market and justifies a drop in rates at the Fed meeting at the end of the month,” said Bill Merz, head of research on the capital and portfolio markets at US Bank Asset Management.

“The job market will remain a very important indicator of the evolution of the economic situation, but so far, consumer spending have really surprised many people despite the slowdown in the job market.”

“It will take more than one bad data to dislodge this market at this stage,” said Pete Mulmat, Managing Director of IG North America.

Traders now consider that there are 11.6% that the Fed rates be reduced by 50 base points this month – a radical change compared to the absence of such bets a month ago, according to the Fedwatch tool of the CME.

Rate reduction expectations have contributed to supporting the real estate sector and the Philadelphia housing index.

On the values, Broadcom’s actions have increased sharply (+9.41%) the day after the announcement by the flea designer of a turnover greater than estimates for the fourth quarter, with the prospect of sales growth in artificial intelligence in significant improvement during the year 2026.

Kenvue, on the other hand, fell (-9.35%) after the Wall Street Journal, citing sources to the subject, reported that the Health Secretary Robert F. Kennedy Jr. planned to announce that use in pregnant women of the Tylenol pain relievers, sold by the company, is potentially linked to autism.

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( Benjamin Mallet)

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