Stock Market Midday, Sept. 4: Stocks Edge Lower on Strong Jobs Report as Lululemon Plummets

Despite a surprisingly strong employment report, major U.S. indexes are trading lower: the Dow is down 0.67% to 53,325.23, the S&P 500 is down 0.50% to 7,708.89, and the Nasdaq Composite is down 0.44% to 26,467.18. The mixed reaction suggests markets are weighing the data for its potential implications for rates rather than interpreting it purely as growth-positive.