Stock Market Midday, Sept. 4: Stocks Edge Lower on Strong Jobs Report as Lululemon Plummets
On Sept. 4, 2026, a robust August employment beat reignites hawkish Fed expectations, sending investors toward defensive sectors.
Overview
As of 11:37 AM ET, the Dow Jones Industrial Average (DJINDICES:^DJI) is down 0.67% to 53,325.23, the S&P 500 (SNPINDEX:^GSPC) has slipped 0.50% to 7,708.89, and the Nasdaq Composite (NASDAQINDEX:^IXIC) is trading 0.44% lower at 26,467.18 as a surprisingly strong employment report sparks renewed interest rate anxiety.
Gold is down 1.15% to $4,487.60, while the 10-Year Treasury yield has risen 1 basis point to to 4.77%. Utilities is the only sector in the green, while consumer cyclicals and communication services saw the biggest declines.
Details
Lululemon Athletica tumbled 18% on news of declining revenue and a cut to its outlook. Memory stocks, such as Sandisk and Micron Technology, gained despite broader stock market losses. Fair Isaac (NYSE:FICO) plummeted following pricing criticism on social media from the Federal Housing Finance Agency.
Source
Originally published at www.fool.com.