Stocks jump, gold rallies, bonds rally after jobs report miss

The August jobs report was a miss.

The US economy added 151,000 jobs in August, less than the 180,000 that was expected.

Most disappointing were wages, which rose less than expected over both the prior month and year.

Following this report, markets are on the move with stocks moving higher, gold moving higher, bonds moving higher, while the US dollar is a bit weaker.

Following the report Dow futures were up as much as 60 points, S&P 500 futures were up 6, and Nasdaq futures were up 19. Ahead of the report each of these indexes were basically flat.

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Gold was higher by about 1% following to report to around $1,330 an ounce.

Treasurys were also rallying with the yield on the 10-year Treasury down to 1.55%, about 2 basis points lower than ahead of the report.

Short-term yields were rallying a bit harder with the 2-year down to 0.75% from around 0.79% ahead of the report with 3-month bill yields to 0.31% from around 0.34%.