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Live Updates: Iran reimposes restrictions on Strait of Hormuz 1 day after Trump said it was "completely open" CBS NewsIran War Live Updates: Iran's Military Says It Has Reimposed ‘Strict Control' of Strait of Hormuz The New York TimesIran closes Strait of Hormuz again over US blockade of its ports Al JazeeraLive updates: Iranian gunboats fire on tanker
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Republicans rush to close the gap in the final stretch of Virginia's redistricting election NBC NewsDAVID MARCUS: Desperate Dems tap Obama to pitch Virginia gerrymandering lies Fox NewsIn Virginia gerrymandering fight, Republicans claim Obama's with them. He isn't ReutersWhy some Virginia voters find redistricting ballot question confusing
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Stock Market News, April 17, 2026: Dow Jumped, Oil Tumbled After Iran Declared Strait Open WSJS&P 500 notches first close above 7,100, Nasdaq posts longest win streak since 1992: Live updates CNBCStrait Up — Heard on the Street Friday Recap WSJStocks Extend ‘Astonishing' Rally as Middle East Tensions Ease Further The New York Times
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Wall St Week Ahead Surging record-high US stocks to wade deeper into earnings season ReutersStocks Extend ‘Astonishing' Rally as Middle East Tensions Ease Further The New York TimesS&P 500 notches first close above 7,100, Nasdaq posts longest win streak since 1992: Live updates CNBCStock Market News, April 17, 2026: Dow Jumped, Oil Tumbled After Iran Declared Strait Open WSJ
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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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