S&P 500 closed Friday 9/5 at 6482, down 0.3% for the day, and up 10.2% year-to-date. Horrible big jobs report

[progree]

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Last edited Fri Sep 5, 2025, 04:53 PM - Edit history (160)

Year to date (YTD) is from the Dec 31 closing level.

Treasury 10 Year yield: 4.09% (yesterday it was 4.18%)   https://finance.yahoo.com/quote/%5ETNX/

Market news of the day: https://finance.yahoo.com/
https://finance.yahoo.com/news/us-economy-adds-22000-jobs-unemployment-rate-hits-43-in-august-as-labor-market-continues-dramatic-slowdown-153001609.html

Horrible jobs report: just 22,000 net new jobs in August. Prior 2 months revised down by a combined 21,000, so we're mardhing in place
https://www.democraticunderground.com/10143524396

#27 - Wiz Imp debunks the Labor Secretary's incredible take on the jobs report (blames Powell, and then lies and lies)
https://www.democraticunderground.com/10143524396#post27

I'd add that with year-over-year inflation near 3%, and in a rising trend (see my journal), that's why they've been reluctant to cut.

The above is just some of the stories, please read the above link and also scroll down that page.

100% of interest rate traders are betting on at least a quarter point rate cut at the Fed's 9/17 meeting. 10.2% are betting on a HALF point interest rate cut (before today's job report, 0% were betting on a half point increase)
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
Before the Fed 9/17 meeting, the CPI, the producer price index, consumer sentiment, and retail sales reports will be released, so there is still upcoming new data for the Fed to chew on.

=============================================
The S&P 500 closed Friday September 5 at 6482, down 0.3% for the day,
and up 12.1% from the 5783 election day closing level,
and up 8.1% from the inauguration eve closing level,
and up 10.2% year-to-date (since the December 31 close)

S&P 500
# Election day close (11/5/24) 5783
# Last close before inauguration day: (1/17/25): 5997
# 2024 year-end close (12/31/24): 5882
# Trump II era low point (going all the way back to election day Nov5): 4983 on April 8

# Several market indexes: https://finance.yahoo.com/
# S&P 500: https://finance.yahoo.com/quote/%5EGSPC/
https://finance.yahoo.com/quote/%5EGSPC/history/

========================================================

I'm not a fan of the DOW as it is a cherry-picked collection of just 30 stocks that are price-weighted, which is silly. It's as asinine as judging consumer price inflation by picking 30 blue chip consumer items, and weighting them according to their prices. But since there is an automatically updating embedded graphic, here it is. It takes several, like 6 hours, after the close for it to update, like about 10 PM EDT.
(If it still isn't updated, try right-clicking on it and opening in a new tab. #OR# click on https://finance.yahoo.com/quote/%5EDJI/ ).

The Dow closed Thursday at 45,621, and it closed Friday at 45,401, a drop of 0.5% (220 points) for the day

I don't maintain statistics for the DOW like percent up or down since election day, or year-to-date, or from the all-time high etc. like I do for the S&P 500.

https://finance.yahoo.com/
DOW: https://finance.yahoo.com/quote/%5EDJI/
. . . . . . https://finance.yahoo.com/quote/%5EDJI/history/

DOW
# Election day close (11/5/24) 42,222
# Last close before inauguration day: (1/17/25): 43,488
# 2024 year-end close (12/31/24): 42,544

DJIA means Dow Jones Industrials Average. It takes about 6 hours after the close to update, so check it after 10 PM EDT


I don't have an embeddable graph for the S&P 500, unfortunately, but to see its graph, click on https://finance.yahoo.com/quote/%5EGSPC/

While I'm at it, I might as well show Oil and the Dollar:

Crude Oil


US Dollar Index (DX-Y.NYB)


If you see a tiny graphics square above and no graph, right click on the square and choose "load image". There should be a total of 3 graphs. And remember that it typically takes about 6 hours after the close before these graphs update.