🔴 S&P 500 ETF (SPY) is trading 0.4% down after August payrolls topped forecasts

SPY is trading at $770.24, down 0.38%, after strong August employment data lifted Treasury yields and reduced near-term easing expectations.

• Nonfarm payrolls increased by 162,000 versus forecasts near 55,000, prompting investors to reassess the likelihood of a September Federal Reserve rate hike.
• Weakness in Lululemon and Broadcom added sector pressure, while gains in Snowflake and HPE limited the decline.
• SPY closed September 4; September 5, 2026, was Saturday, so the analyzed movement occurred September 4 with no regular U.S. trading session.