US equity markets closed the final session of the week in negative territory, in a day marked by the release of employment data that exceeded expectations. UiPath fell more than 16% and Lululemon dropped more than 17%.
The last trading day of the week was one of broad declines on Wall Street, after jobs data reduced the Federal Reserve's room to manoeuvre ahead of a potential interest rate cut at this month's meeting. Analysts had forecast the creation of 55,000 jobs in August, but the actual figure came in at 162,000.
Although analysts expect the Fed's decision to hinge on next week's inflation data, swap contracts are already pricing in a greater than 50% probability of a rate cut.
At the same time, President Donald Trump intensified pressure on the Fed to lower interest rates, threatening to cut trade with certain economies with which the United States runs a deficit if the central bank fails to act. "We just got great jobs numbers, the market should go up, because our credit and our economy are better, but, as always, for the last 25 years, the stock market goes down, because we live under a false reality where, if things are good, you have to 'kill it' because of the 'fear' of inflation," he wrote on social media.
Against this backdrop, the S&P 500 fell 0.38% to 7,718.60 points, the Dow Jones Industrial Average retreated 0.51% to 53,414.25 points, and the Nasdaq Composite slipped 0.29% to 26,506.99 points.
For Bret Kenwell of eToro, August's jobs report was a step in the right direction, even if investors are interpreting it through the lens of "good news is bad news". "Regardless of how investors view the labour market, the Fed views it as broadly consistent with full employment, and today's report will likely reinforce that view," he said, as quoted by Bloomberg, adding: "In the Fed's eyes, the labour market is holding firm, which means inflation remains the bigger concern."
On the corporate front, the session's standout movers were UiPath, down more than 16%, and Lululemon, off more than 17%. The automation software company released financial results that fell short of the elevated expectations surrounding artificial intelligence-linked firms. The sportswear manufacturer, meanwhile, missed analyst revenue estimates and revised its full-year guidance downward.
Tesla shares fell approximately 6% after the company launched the commercial service of its Cybercab robotaxi in Austin, Texas. US road safety authorities opened an investigation just hours after the steeringwheel-free, pedal-free vehicles began operating in the Texas city, as US vehicle safety rules require cars to be equipped with manual controls such as brake pedals.
Source: Diário Económico
Original article: https://www.diarioeconomico.co.mz/2026/09/05/mercados/wall-street-fecha-no-vermelho-com-trump-a-pressionar-fed-para-descer-taxas-de-juro/
