Stock Market Reacts to Unemployment Data: Lululemon and Tesla Stocks in Focus

The stock market stabilized in afternoon trading after initially rallying on the August jobs report. The Nasdaq pulled back, while the Dow Jones Industrial Average and S&P 500 trimmed earlier gains. Lululemon stock surged nearly 5% after reporting strong Q2 earnings and raising its full-year guidance. Other notable stock movements include Toll Brothers, Samsara, Stride, Nutanix, Dell Technologies, MongoDB, and Broadcom. The job gains exceeded expectations, but the unemployment rate rose slightly. The Federal Reserve will consider these factors in its next policy decision. The August Purchasing Managers' Manufacturing Index showed a slight improvement, indicating expansion.