Key Dates for U.S. Stock Market | Friday, September 4 Economic Data 20:30 | August Non-Farm Payroll Report (NFP/Unemployment Rate/Average Hourly Earnings/Labor Force Participation Rate, major event) Earnings Earnings season is basically wrapped up, no major disclosures; only a few small caps like Korea Telecom KT (ADR, market cap around $9.5B). Commentary: This is the last hard employment data before the September FOMC meeting. The market will use it to adjust rate cut expectations—if both employment and wages cool down, easing trades will heat up, benefiting growth stocks. If the data exceeds expectations, upward revisions in rate expectations could amplify volatility. The market will be most volatile in the half-hour before and after the data release, so avoid chasing trades—wait for a clear direction.