U.S. stocks ended modestly lower Friday after a weak jobs report cemented the case for a Federal Reserve rate cut at the central bank’s policy meeting ending Sept. 17. Bond yields declined sharply. Stocks opened higher in a bet that lower rates will boost corporate profits. But they turned lower at midmorning, reflecting concerns that rate cuts won’t necessarily jumpstart economic growth. The Dow fell 0.5% and the S&P 500 was off 0.3%; the Nasdaq was a tick lower.
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