Wall Street indices drifted on Friday, September 2, after the investors assessed the job report, while the European gas crisis had renewed fears among the market participants ahead of the long weekend.
The S&P 500 fell 1.07 per cent to 3,924.26. The Dow Jones was down 1.07 per cent to 31,318.44. The NASDAQ Composite lost 1.31 per cent to 11,630.86, and the small-cap Russell 2000 fell 0.72 per cent to 1,809.75.
The indices rallied in the early trading on September 2, after the job data showed that although the labor market had cooled in the prior month, it has still the potential to support the aggressive monetary plans by the Federal Reserve.