US Equity Indexes Drop Ahead of Close Following Weak Jobs Report

04:01 PM EDT, 09/05/2025 (MT Newswires) -- US equity indexes traded lower ahead of the close on Friday following a downbeat non-farm payrolls report for August.

The Nasdaq Composite fell 0.1% to 21,687.3, with the S&P 500 down 0.3% to 6,480.2, and the Dow Jones Industrial Average was 0.4% lower at 45,442.6. Energy and financials led the decliners, while real estate led the gainers.

Nonfarm payrolls rose by 22,000 last month, the Bureau of Labor Statistics reported Friday, falling short of a 75,000 increase expected in a survey compiled by Bloomberg. Gains for July were revised up by 6,000 to 79,000, while June payrolls were adjusted downwards by 27,000 to show a 13,000 decrease, the BLS said. The unemployment rate rose to 4.3%, as expected, up from 4.2% in July.

Most Treasury yields dropped, with the 10-year yield down 8.8 basis points to 4.09%, and the two-year rate 7.9 basis points lower at 3.52%.

Gold futures rose 1.2% to $3,648.61, after scaling a new peak of $ 3,655.50 earlier in the session.

The ICE US Dollar Index slid 0.6% to 97.75.

West Texas Intermediate crude oil futures slumped 2.3% to $62.03 a barrel.

In company news, Broadcom (AVGO) expects fiscal 2026 artificial intelligence revenue outlook to improve "significantly" after securing more than $10 billion of orders for AI racks. The chipmaker, whose shares surged 9.5% ahead of the close, the top gainer on the S&P 500 and the Nasdaq, reported higher fiscal Q3 non-GAAP net income and sales overnight.

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