U.S. Markets Stuck in a Rut as Jobs Data Keep Traders Guessing
- Stocks, bonds and dollar remain in tight ranges after report
- Odds of a Sept. hike recede; traders still bet on move in 2016
U.S. Adds 151,000 Jobs in August, Jobless Rate at 4.9%
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The long-awaited American jobs report did nothing to break the tedium of U.S. markets.
The S&P 500 Index hasn’t seen a 1 percent move in either direction for 40 days, the longest such streak in more than two years. Things are not that much different in the currency and bond markets. Treasury 10-year yields have traded in a range of 1.45 percent to 1.63 percent since mid-July, while a gauge of the dollar against its major peers is virtually unchanged from the average for that period.