Market reaction to US unemployment news, corporate and fundamental reviews
Market reviews
• Stocks ended the first week of September on a sour note. Major indexes posted significant declines and closed close to their session lows. The Dow Jones Industrial Average fell 1.0%, the S&P 500 ended down 1.7%, and the Nasdaq Composite Index fell 2.6%. Market participants reacted to the August employment report. The data showed that hiring in August was weaker than expected, and there were downward revisions to the July and June data, which showed 86,000 fewer jobs than previously reported. The unemployment rate fell slightly, and average hourly earnings increased...