On Wednesday, September 6, the U.S. markets ended in red; Nasdaq was down 1%, driven by concerns that strong services sector data could lead to prolonged high interest rates due to persistent inflation.
On Tuesday, September 5, the U.S. markets ended in red. Dow fell due to higher Treasury yields, but a boost in energy stocks limited the losses.
U.S. Treasury yields climbed as strong economic data and comments from Fed Governor Christopher Waller indicated no immediate need for rate changes.
On Friday, September 1, the U.S. markets ended mixed after the latest jobs report data release.
In August, the U.S. economy added 187,000 jobs, slightly beating the revised July figure of 157,000 and exceeding the expected 170,000. However, unemployment rose from 3.5% in July to 3.8% in August.