Market Insider

Apple, data could help stocks shake bad jobs report hangover

New Apple products to dominate next week

After a stunningly bad August employment report, traders will turn their focus in the week ahead to any jobs and consumer-related data that could help prove the weakest jobs growth in eight months was just an anomaly.

The August nonfarm payrolls totaled 142,000, well below the recent trend and the first sub-200,000 number in seven months. The report took some of the steam out of market speculation that strong U.S. data would push the Federal Reserve to use more hawkish language in its mid-September statement.

Strategists say headlines on Ukraine and Russia, which were to observe a cease-fire, could be a catalyst for markets that have just a small number of major U.S. data points to consider.