Stock market starts September with a gain; Nasdaq marks 46th record of 2017 – MarketWatch

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U.S. stocks ended higher Friday, closing out the first session in September the same way it wrapped up the previous day and month, as Wall Street read a batch of mixed data, including the headline jobs report, as sapping some of the Federal Reserve’s zest for further interest-rate hikes in 2017. Lower borrowing costs are bullish for stocks of U.S. corporations. The Dow Jones Industrial Average DJIA, +0.18% closed up 0.2% at 21,997, marking its fourth straight day in positive territory. The Nasdaq Composite Index COMP, +0.10% finished with its 46th all-time high of 2017, up 0.1% at 6,435, and posting a weekly gain of 2.7%. That’s its best weekly tally since the week ended Dec. 9, 2016, according to FactSet data. The S&P 500 SPX, +0.20% meanwhile, booked a weekly climb of 1.3% and, ended the session up 0.2% at 2,475. The Dow closed up 0.8% over the same period. On the economic front, the U.S. added 156,000 jobs in August, compared with the 170,000 expected according to economists polled by MarketWatch, with the unemployment rate holding at 4.4% in August, undercutting expectations. In corporate news, newly merged Dow Chemical Co. and DuPont & Co. saw their first trading day as DowDuPont Inc. DWDP, +0.78% Trading action came amid relatively thin trading, with U.S. markets closed on Monday in observance of Labor Day.