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[BUSINESS] · United States, Serbia, Germany, Canada · 22 sources

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U.S. labor market shows strength as Nike exits S&P 100

The U.S. labor market showed unexpected strength in August, with non-farm payrolls increasing by 162,000 jobs, significantly exceeding the consensus forecast of approximately 53,000. The unemployment rate held steady at 4.1 percent, while average hourly earnings rose by 0.3 percent month-over-month. This robust employment data has heightened market concerns regarding inflation and the potential for the Federal Reserve to maintain higher interest rates to curb price pressures.

In the equity markets, the S&P 500, Dow Jones, and Nasdaq all experienced declines following the labor report. Concurrently, major index rebalancing is underway. Nike is scheduled to be removed from the S&P 100 index on September 21, following a significant decline in its stock value and market capitalization. Replacing it, along with other technology-focused firms, are Dell Technologies, Palo Alto Networks, Arista Networks, and SanDisk, reflecting a broader market shift toward artificial intelligence and cybersecurity infrastructure.

In Serbia, the National Bank of Serbia reported that the instant payment system (IPS NBS) processed 11.34 million transactions in August, totaling 148.9 billion dinars in turnover, with an average of 366,051 transactions per day.

Entities

Dell Technologies · Dow Jones · Federal Reserve · National Bank of Serbia · Nike · S&P 500 · S&P Global · Tesla · U.S. Bureau of Labor Statistics · Wall Street

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