US Equity Indexes Mixed in Midday Trading Following Revision in Annual Nonfarm Payrolls

BY MT Newswires | ECONOMIC | 09/09/25 12:31 PM EDT

12:31 PM EDT, 09/09/2025 (MT Newswires) -- US equity indexes were mixed in midday trading on Tuesday amid gains in government bond yields following a downward revision in annual nonfarm payrolls.

The Nasdaq Composite rose less than 0.1% to 21,800.5. The S&P 500 was little changed at 6,495.1. The Dow Jones Industrial Average rose 0.2% to 45,590.4.

Materials and industrials led the decliners, while energy and communication services were among the top gainers intraday.

The Bureau of Labor Statistics' preliminary estimate of its benchmark revision to nonfarm payrolls is for a downward revision of 911,000 jobs, or 0.6% of total employment, the BLS announced on Tuesday. BLS said that the absolute average revision over the last 10 years is 0.2%. The final annual revision will be incorporated into payrolls in February 2026 with the release of data for January.

Treasury yields rose, with the 10-year up 3.6 basis points to 4.08% and the two-year yield climbed 4.9 basis points to 3.54%.

In company news, UnitedHealth Group's (UNH) shares jumped 3.7% intraday, the top gainer on the S&P 500 and the Nasdaq, after the company said interim data suggest about 78% of its membership is in 4-star or higher plans, consistent with expectations and past performance.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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