US equity indexes closed mixed this week as government bond yields remained elevated after market expectations for an interest rate increase grew following a robust jobs report.
* The S&P 500 closed at 7,718.60 on Friday, up from 7,711.76 a week ago. The Nasdaq Composite stood at about 26,506.99, compared with 26,402.42 a week earlier. The Dow Jones Industrial Average ended at 53,414.25, down from 53,559.99 at the end of last week. Energy, technology and financials topped sector charts this week.
* The US 10-year Treasury yield traded at 4.78% late Friday, close to its highest level since January 2025.
* Nonfarm payrolls rose by 162,000 in August, compared with a 55,000 increase projected in a Bloomberg-compiled survey. July's tally was revised to show a gain of 21,000 from a 23,000 fall, while June's increase was adjusted upward by 11,000.
* Federal Reserve Governor Christopher Waller said he would be "inclined to support" holding rates steady at the next Federal Open Market Committee meeting in September if the August inflation print, due next week, shows progress toward the central bank's 2% goal.
* The probability of the Fed raising its target rate by 25 basis points to 3.75%-4.0% in September stood at 60% late Friday, versus 49% a day ago, according to the CME FedWatch tool. The remaining likelihood is that policy will remain on hold. Currently, there is only a 14% likelihood that the target rate will remain at present levels by December.
* US forces began striking Islamic Revolutionary Guard Corps targets in Iran on Tuesday following attempted attacks by the IRGC against commercial shipping in the Strait of Hormuz and American service members in the region. The new hostilities follow attacks overnight into Monday, the first exchange in more than a month. The additional strikes led Tehran to attack Jordan, Bahrain, and Kuwait, even though President Donald Trump warned Iran would be "hit much harder" if it retaliated.