MARKETS
Stocks tentively up on Friday morning as the August’s jobs report came in on right at forecast. The jobs report showed the economy added 315,000 jobs for the month, just under the Dow Jones estimate for 318,000.
August Jobs Report as it relates to the September interest rate hike
The August report is important because it’s last key economic report the Fed will consider before it raises rates at its September meeting. The central bank will consider whether a 50-basis-point hike or 75-basis-point hike is needed.
Looking ahead this September in the market
Traders are watching to see if stocks will retest the June lows, especially since September is historically a difficult month for the market.
