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US Markets Open Mixed as Strong August Jobs Data Fuels Rate Hike Concerns

Miscellaneous · Miscellaneous · yonhap_finance · 2026-09-04

US stocks opened mixed as a surprisingly strong August non-farm payroll report reignited concerns over potential interest rate hikes by the Federal Reserve.

What Happened

Surging Employment and Rate Fears: The US Department of Labor reported a significant increase of 162,000 jobs in August, far exceeding market expectations. This robust data has reignited concerns regarding further interest rate hikes by the Federal Reserve, weighing on investor sentiment.

Market Outlook and Policy: While the strong labor market has increased the probability of a rate hike, analysts suggest that upcoming inflation data will be the decisive factor for the Fed's next move. If inflation prints lower than expected, the central bank may be less inclined to prioritize labor market signals.

Corporate Performance: Lululemon shares plummeted over 17% following a disappointing earnings guidance, while Equifax and TransUnion saw sharp declines after regulatory warnings. Conversely, AMC Entertainment shares rose as the CEO publicly criticized specific trading practices.

Global Market Context: As US indices showed mixed results, European markets also traded unevenly. Meanwhile, international oil prices, specifically WTI crude, experienced a decline during the session.

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