Stock Market Today: Stocks Lose Steam Ahead of Labor Day

The latest jobs report, which showed a slowing but still firm labor market, did little to move stocks ahead of the long holiday weekend.

close up of blue stock market chart with red and green candlestick bars
(Image credit: Getty Images)

Stocks opened higher Friday as investors cheered the August jobs report. The initial burst of buying power quickly faded, however, with many market participants likely checking out early ahead of the long holiday weekend. 

As a reminder, both the stock and bond markets are closed this Monday for the Labor Day holiday.  

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.