Why investors are on edge ahead of Friday's jobs report

Wall Street is eagerly awaiting a significant economic data report set to be released on Friday. The Federal Reserve has been focusing on curbing inflation, resulting in a shift towards maximizing employment. Fed Chair Jerome Powell has hinted at a rate cut in September. The upcoming jobs data will be instrumental in determining the central bank’s course of action. Economists predict that the US added 160,000 jobs in August, with the unemployment rate dropping to 4.2%. Preliminary data suggests a cooling job market. Uncertainty has affected the stock market, with indices experiencing losses this week. Big Tech shares have also been impacted, with Nvidia’s losses contributing to market decline. Oil prices have risen slightly amid concerns about weakening demand in China.