U.S. stocks rose Friday following a slightly softer-than-expected August jobs report, the last broad reading of the labor market before the Federal Reserve’s September meeting. The fed-funds-futures market recently showed a 21% chance of an increase this month, compared with 27% before the jobs report and 12% immediately after. Gold rose 0.6% following the jobs report, compared with being up 0.3% ahead of the data, to $1,326.30 an ounce. Friday’s jobs data was not decisive enough to spark substantial buying or selling of these interest-rate-sensitive trades, traders said. Historically, the August jobs report has been a seasonally weak and volatile one and it is often revised substantially higher.

Source: Wall Street Journal September 02, 2016 07:40 UTC