US Equity Markets End Lower After Weak Jobs Report

04:11 PM EDT, 09/05/2025 (MT Newswires) -- US equity indexes ended lower on Friday following a notable decline in the August non-farm payrolls report.

* Non-farm payrolls increased by 22,000 in August, the Bureau of Labor Statistics reported Friday, below the 75,000 gain anticipated in a Bloomberg survey. July payrolls were revised up by 6,000 to 79,000, while June's figures were lowered by 27,000 to a 13,000 decline. The unemployment rate rose as expected to 4.3% from 4.2% in July.

* The likelihood of a 25-basis-point interest rate cut in September fell to 89.8% from 99.6% earlier in the day, while the chance of a larger 50-basis-point reduction rose to 10.2% from zero, according to the CME FedWatch tool.

* October West Texas Intermediate crude oil fell $1.46 to settle at $62.02 per barrel, while November Brent crude, the global benchmark, was last seen down $1.35 to $65.64.

* Broadcom (AVGO) said it expects fiscal 2026 artificial intelligence revenue to rise significantly after securing over $10 billion in AI rack orders, following higher fiscal Q3 non-GAAP net income and sales. The chipmaker plans to start mass production next year of a custom AI chip co-designed with OpenAI, the Financial Times reported. Broadcom (AVGO) shares added more than 9%.

* Lululemon Athletica (LULU) shares were down nearly 19% after the company cut its full-year outlook, following a decline in fiscal Q2 net income per share.

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