Wall Street lower after mixed jobs data
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
US jobs growth misses expectations in August
Broadcom tumbles after downbeat Q4 revenue forecast
Mobileye falls after report Intel exploring stake sale
Indexes: Dow off 0.07%, S&P 500 down 0.54%, Nasdaq down 0.99%
Updated at 10:23 a.m. ET/1423 GMT
By Johann M Cherian and Purvi Agarwal
Sept 6 (Reuters) -Wall Street's main indexes fell on Friday after a crucial jobs report did little to clear the uncertainty around the magnitude of the Federal Reserve's interest rate cut that is expected at the central bank's meeting later this month.
A Labor Department report showed U.S. employment increased less than expected in August, but a drop in the jobless rate to 4.2% suggested an orderly labor market slowdown continued.
Traders' bets for a 25-basis point rate cut in September stood at 53%, according to the CME Group's FedWatch Tool. Bets for a 50-bps reduction in rates were at 47%, down from a brief rise to 51% after the data.
Rate-sensitive growth stocks were mixed. Apple AAPL.O rose 1%, while Tesla TSLA.O fell 2.9% and Nvidia NVDA.O lost 1.5%.
"The market is really struggling with this one ... it's in the middle of what could be used as a justification for either a 25- or 50-bps rate cut," Gennadiy Goldberg, head of U.S. rates strategy at TD Securities, said.
Federal Reserve Bank of New York President John Williams said a better balanced economy has opened the door to cutting rates, with the full course of action to be determined by how the economy performs.
The labor market has come under scrutiny after an unexpected rise in the jobless rate sparked recession fears nearly a month ago and had sent the tech-heavy Nasdaq down more than 10% into correction territory and led to a selloff in global markets.
At 10:23 a.m. the Dow Jones Industrial Average .DJI fell 27.15 points, or 0.07%, to 40,728.60, the S&P 500 .SPX lost 29.02 points, or 0.54%, to 5,473.70 and the Nasdaq Composite .IXIC lost 171.46 points, or 0.99%, to 16,956.20.
Most of the S&P 500 sectors turned lower, led by a 1.6% drop in tech stocks .SPLRCT.
Wall Street's three main indexes were on track for a weekly loss. The benchmark S&P 500 was on course for a weekly drop of more than 2%, its steepest decline in nearly five months, led by a more than 5% fall in technology stocks .SPLRCT.
September has been historically weak for U.S. equities, with the S&P 500 down about 1.2% for the month on average since 1928.
Broadcom AVGO.O slid 9.3% after the chipmaker forecast fourth-quarter revenue slightly below estimates, hurt by sluggish spending in its broadband segment.
Other chip stocks such as Marvell Technology MRVL.O dropped 3% and Advanced Micro Devices AMD.O shed 1.5%, sending the Philadelphia SE Semiconductor index .SOX down nearly 2%.
The semiconductor index is set for its biggest weekly drop in more than a month.
Super Micro Computer SMCI.O dropped 4.5% after brokerage J.P.Morgan downgraded the AI server maker's shares to "neutral" from "overweight".
Declining issues outnumbered advancers for a 1.15-to-1 ratio on the NYSE and a 1.68-to-1 ratio on the Nasdaq.
The S&P 500 posted 14 new 52-week highs and three new lows, while the Nasdaq Composite recorded 19 new highs and 81 new lows.
Reporting by Johann M Cherian in Bengaluru; Editing by Shounak Dasgupta
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
