US stocks slipped on Friday after a stronger-than-expected August jobs report revived expectations that the Federal Reserve could raise interest rates later this month, putting renewed pressure on equities heading into the Labor Day weekend, Reuters reported.
The shift in monetary-policy expectations weighed on the major indexes, although the moves remained relatively modest. At 9:44 a.m. ET, the Dow Jones Industrial Average was down 176.48 points, or 0.33%, at 53,509.63. The S&P 500 fell 12.48 points, or 0.16%, to 7,735.23, while the Nasdaq Composite slipped 9.14 points, or 0.04%, to 26,573.86.
