Particle.news

Download on the App Store

Stocks Climb on Soft U.S. Jobs and Google Court Win as France Risks Linger

Soft labor readings have sharpened expectations for a September Fed rate cut.

Overview

  • A Washington court declined to force Google to divest Chrome and rejected the Justice Department’s toughest remedies, propelling Alphabet shares and lifting tech-heavy indexes.
  • U.S. private payroll growth slowed to 54,000 in August from 106,000 in July per ADP/Stanford, and JOLTS openings hit their lowest since September 2024, helping pull the 10‑year Treasury yield to about 4.16%.
  • The S&P 500 set a record close on Thursday as traders raised the odds of a September Federal Reserve rate cut ahead of Friday’s official August payrolls report.
  • French political uncertainty before Prime Minister François Bayrou’s September 8 confidence vote pressured the CAC 40 on Thursday, with a modest rebound on Friday morning.
  • French 10‑year yields, which spiked past 4.6% earlier in the week, eased toward roughly 4.16%, while Sanofi fell about 8% after a disappointing phase‑3 result for its atopic dermatitis drug candidate amlitelimab.