Live Markets: Wall Street indexes finish red with rates in focus

lululemon athletica

04/09/2026 21:42

Adds blog post
Wall Street indexes down, Dow leads losses with 0.9% drop
Cons disc down most among S&P 500 sectors; Industrials lead gainers
US dollar up ~0.2%; US crude settles up ~0.2%, gold falls ~1%, bitcoin off  >2%
US 10-year Treasury yields rise to ~4.78%
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WALL STREET INDEXES FINISH RED WITH RATES IN FOCUS
Wall Street's main indexes finished lower for the day and ended the week fairly close to where they started after Friday's jobs report blew past expectations, rekindling bets that the Federal Reserve could raise interest rates this month. 
Added to the strong jobs report was a threat from President Donald Trump to stop trade with some countries unless the Federal Reserve cuts rates. So it seems that the Fed may have to choose between either risking presidential ire if it raises rates in two weeks, or risking a hit to credibility, if it cuts or holds rates steady, after recent hawkish comments from Chair Kevin Warsh at Jackson Hole.
On Friday, traders were pricing in a 58.4% probability for a rate cut in mid-September compared with 49.4% the day before, according to CME Group's FedWatch tool. This marked a reversal of Thursday's move, when traders had cut their bets for a hike after Fed Governor Christopher Waller said that morning that he was inclined to be patient on rate policy while watching to see if price pressures ease.
Among the S&P 500 11 major industry sectors, only three gained on the day although the advances were small. Industrials .SPLRCI led the way with a 0.4% increase while technology .SPLRCT managed a 0.2% gain. In technology strength in the PHLX semiconductor index .SOX countered a 2% drop in the S&P 500 software & services index .SPLRCIS.
On the other side of the coin, consumer discretionary .SPLRCD was the biggest laggard, ending down 1.3%. That sector's biggest loser was Lululemon Athletica LULU.O, which tumbled 17.4% after touching an eight-year low. The sportswear maker's latest annual forecast cut prompted fears of a long-drawn-out overhaul under incoming CEO Heidi O'Neill.
Also in the consumer sector, Tesla TSLA.O sank 5.9% after the U.S. National Highway Traffic Safety Administration opened an investigation into whether the EV maker properly certified its autonomous Cybercab robotaxi.  
For the week, the S&P 500 .SPX gained 0.09%, the Nasdaq Composite .IXIC rose 0.4%, and the Dow Jones Industrial Average .DJI fell 0.27%. The Russell 2000 .RUT small-cap index rose 0.11% for the week.
Here is your closing snapshot:
(Sinéad Carew)
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EARLIER ON LIVE MARKETS: 
INVESTOR PESSIMISM ON STOCKS OUTLOOK HAS FALLEN: AAII CLICK HERE
A NARROW EM RALLY LOOKS FOR A SECOND WIND CLICK HERE
GOOD = BAD? AN AUGUST JOBS REPORT DEEP DIVE CLICK HERE
TELECOMS EMERGES AS RARE SEPTEMBER OUTPERFORMER CLICK HERE
WALL STREET FUTURES LOSE SOME STEAM AFTER JOBS GROWTH SURPRISE CLICK HERE
THE ROBOTS ARE COMING CLICK HERE
INDIAN AND PHILIPPINE OUTSOURCING SECTORS HANDLING AI HIT CLICK HERE
BUT WHAT IF THE FED DOES HIKE? CLICK HERE
STOXX SET FOR NEAR 1% WEEKLY FALL CLICK HERE
BEFORE THE BELL: A LITTLE HIGHER...MOSTLY CLICK HERE
SEEMS PAYROLLS ISN'T THE DATA YOU ARE LOOKING FOR CLICK HERE

Wall Street indexes fall https://fingfx.thomsonreuters.com/gfx/mkt/myvmwdejrvr/Pasted%20image%201788553348377.png