Jobs Report, Broadcom Results Pose Next Hurdles for Stock Market

A fresh look at the U.S. labor market next week, alongside quarterly results from semiconductor company Broadcom, is set to test a stock-market rally hovering near record highs. The S&P 500 ended the week up and is a little more than 1% away from its Aug. 13 all-time high. Investors are focused on the monthly employment report due Sept. 4 and on whether jobs data will reveal the Fed’s likely interest-rate path. After Fed Chair Kevin Warsh’s Friday speech, markets increased bets that rates will be raised in September due to inflation above the 2% target.