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Dow closes at record on Mideast optimism; SpaceX, AMD drag Nasdaq ReutersS&P 500 is flat as 4-day rally loses momentum; Dow boosted by Nvidia: Live updates: Live updates CNBCDow rallies to another record, but S&P 500 and Nasdaq close in the red MarketWatchStocks hover near record highs and oil prices
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Live Updates: Trump says Strait of Hormuz deal could happen today or tomorrow amid Iran-Oman talks CBS NewsAn agreement on the Strait of Hormuz is taking shape - but not one Trump wants CNNNegotiators Close In on Deal With Iran to Open Hormuz WSJIran Says It Is Nearing Final Agreement With Oman on Strait of Hormuz The New York TimesProposed Hormuz deal would give Iran control of inbound traffic, sources say Reuters
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Why SpaceX stock is falling despite strong revenue growth CBS NewsSpaceX stock falls 7% after AI spending surge rattles investors cnbc.comSpaceX's first earnings reveal the cost of becoming an AI giant: Chart of the Day Yahoo FinanceSpaceX posts loss of $541 million in first report since record-setting IPO The Washington Post
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Perez Hilton Is Hospitalized After Appearing to Harm Himself on Livestream The New York TimesPerez Hilton's family speaks out after he appears to harm himself on livestream ABC7 Los AngelesPerez Hilton taken to hospital after appearing to harm himself on livestream: Sheriff's office ABC News - Breaking News, Latest News and VideosPolice Respond to Perez Hilton's Home After He Appeared to Harm Himself in TikTok Livestream Rolling Stone
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S&P 500 heads for 25th record close of 2026, after a 42-day break.
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Stocks jumped out of the gate Friday after the release of the August jobs report. But enthusiasm from the few investors that stuck around ahead of the long holiday weekend didn't last, with all three indexes ending in the red.
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The Labor Department this morning said the U.S. added 315,000 new jobs in August, well below July's 526,000. Also in the jobs report: the unemployment rate edged up to 3.7% from 3.5%; the labor participation rate, or the number of people actively seeking work, improved to 62.4% from 62.1%; and average hourly earnings - a key measure of labor cost inflation - was up 5.2% year-over-year, same as it was in July.
"Friday's jobs data provided some moderate relief, with payrolls almost landing precisely on consensus at 315,000 in August," says Douglas Porter, chief economist at BMO Capital Markets." While no doubt a solid advance - and completely inconsistent with recession chatter - other aspects of the report sent some calming signals." Porter points to steady wage growth, an increasing labor force and the rising unemployment rate that suggest "the extreme tightness in the job market may be beginning to moderate - almost exactly what the Fed doctor ordered."
Still, the major indexes, after being up more than 1% each around lunchtime, swung lower in afternoon trading after news reports indicated Russian energy giant Gazprom will indefinitely suspend operations of a natural-gas pipeline to Germany.
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By the close, the Nasdaq Composite was down 1
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