US stocks fell on Friday after a softer-than-expected jobs report, signaling likely interest rate cuts. The S&P 500 dropped 0.3%, Dow Jones fell 0.5%, and Nasdaq slipped. The US added only 22,000 jobs in August, well below the 75,000 expected, contributing to a slowing labor market highlighted by rising unemployment to 4.3%.

Data revisions showed the US economy creating fewer than 30,000 jobs over the last three months, including a negative print in June. This reinforces Wall Street’s expectation of upcoming rate cuts. Treasury yields sank, with the 30-year yield falling below 4.79% and the 10-year yield dropping to 4.07%, its lowest since April.

Following the jobs report, Trump criticized Fed Chair Jerome Powell for not lowering rates sooner. Traders are now pricing in a 100% chance of a rate cut at the September Fed meeting. Meanwhile, Broadcom’s upbeat outlook and AI deal boosted its stock by 9%, while Tesla rose after proposing $1 trillion in compensation for CEO Elon Musk based on performance targets.

Kenvue stock plummeted over 12% following a report linking Tylenol to autism, with Health Secretary Robert F Kennedy likely to make the connection. Kenvue, the maker of Tylenol, denies a causal link between acetaminophen use during pregnancy and autism. The Black unemployment rate hit its highest since 2021, signaling economic concerns. Goldman’s top stock picker warns AI’s next phase may not justify the hype around its stocks. Gold hovers near record after weak jobs report, with futures surging to over $3,650 per ounce. Broadcom adds $138.5 billion to market cap after strong AI chipmaker results, while Nvidia and AMD stocks suffer.

The US economy added only 22,000 jobs in August, missing estimates. Trump criticizes Powell after weak jobs report, raises doubts about Fed independence. Tesla stock rises on $1 trillion pay package for Musk tied to market cap and Robotaxi milestones. Fed rate cut expected after jobs slowdown, White House criticizes Powell for inaction. Tech stocks like Tesla and Broadcom surged, leading to a 2% increase in Tesla shares. Analysts believe the voting power provision that gives Elon Musk 25% control is crucial for Tesla’s future success in autonomous technology. Stocks rose at the open as investors react to a weak August jobs report, with high expectations for a Fed rate cut in September.

The August jobs report showed only 22,000 new jobs added to the US economy, much lower than the expected 75,000. Unemployment rose to 4.3%, indicating a summer slowdown. Traders are betting heavily on a rate cut at the upcoming Fed meeting, with odds shifting to 100% for a 25-point cut and bets on a “jumbo” 50-point cut also increasing.

Revisions to the jobs report revealed the first negative monthly jobs print since 2020, with June showing a net loss of 13,000 jobs. The US economy added fewer jobs per month over the past three months than previously reported. The market reacted positively to the news, with S&P 500 reaching a fresh all-time high and tech stocks leading the way. Broadcom’s shares surge 8% on optimistic AI revenue outlook and reports of a major deal with OPAI.PVT. The chipmaker has secured over $10 billion in AI infrastructure orders, fueling investor confidence. Speculation arises that OpenAI may be the undisclosed customer in the deal.

Premarket sees Broadcom, DocuSign, and lululemon trending. Broadcom’s stock rises 8% on AI revenue prospects. DocuSign reports an earnings beat and revenue outlook raise, boosting their stock. In contrast, lululemon’s stock slumps after cutting profit and sales forecasts due to weak performance.

August jobs report expected to show weakening US labor market, influencing potential Federal Reserve rate cut in September. Market watchers anticipate softness in nonfarm payrolls data, reinforcing expectations for a rate decrease. Analysts suggest further softness in the labor market as Fed rate cuts loom.

Lululemon stock takes a post-earnings hit after disappointing quarterly results and outlook. Analysts cite challenges in the domestic market and product underperformance as reasons for the stock downturn. Concerns over brand momentum and competition impact future growth prospects for the company. 1. A new study reveals that eating a Mediterranean diet can reduce the risk of heart disease by 25%. The diet includes fruits, vegetables, whole grains, and olive oil. Researchers suggest following this diet for a healthier heart.

2. The United Nations reports that global greenhouse gas emissions hit a record high in 2020, despite the pandemic. This highlights the urgent need for countries to take action to address climate change and reduce emissions.

3. The FDA approves a new drug for Alzheimer’s disease, the first new treatment in nearly 20 years. The drug, Aduhelm, has shown promise in slowing the progression of the disease in early stages. Experts are hopeful for its impact on patients.

4. Tesla announces plans to build a new Gigafactory in Texas, which will focus on producing the Cybertruck and Model Y. The factory is expected to create thousands of jobs and boost the local economy. Construction is set to begin soon.

5. The Tokyo Olympics are set to proceed without spectators due to rising COVID-19 cases in Japan. Organizers hope to ensure the safety of athletes and staff by limiting the number of people at the events. The decision is disappointing for fans but necessary for public health. 1. The CDC reports a record-breaking number of COVID-19 cases in the US, with over 100,000 new infections in a single day. Hospitals are reaching capacity, and health officials warn of a potential surge in deaths as the holiday season approaches.

2. Tesla unveils its new Cybertruck model, featuring a sleek and futuristic design. The electric truck boasts impressive performance metrics, including a range of over 500 miles on a single charge and the ability to accelerate from 0 to 60 mph in under 3 seconds.

3. The stock market experiences a sharp decline following news of rising COVID-19 cases and uncertainty surrounding the presidential election. Investors express concern over the potential impact on the economy and are closely monitoring developments in the coming weeks.

4. SpaceX successfully launches its Crew-1 mission to the International Space Station, marking the first operational flight of its Crew Dragon spacecraft. The four astronauts on board are set to spend six months conducting research and experiments in space before returning to Earth.

5. Amazon announces plans to hire 100,000 seasonal workers to meet the increased demand during the holiday shopping season. The e-commerce giant also reveals new safety measures to protect employees from COVID-19, including enhanced cleaning protocols and social distancing guidelines.

Read more at Yahoo Finance: S&P, Nasdaq, Dow fall as weak jobs data sparks Wall Street worries