US major stock indices closed higher for the first time in four trading days, ending a recent downturn. ^[1] CME Group's FedWatch tool showed on September 4 that the probability of a rate hike at the September FOMC meeting stood at 52.6%, up from 50.2% the previous day and down from a peak of 68% after Warsh's hawkish remarks. ^[2] The U.S. Bureau of Labor Statistics reported on September 4 that August nonfarm payrolls increased by 162,000, surpassing the market consensus of 56,000 and rebounding from a revised decline of 23,000 in July. ^[3] Dell Technologies surged 15.81% after raising its annual revenue and profit forecasts due to surging demand for AI servers. ^[4] The Dow Jones Industrial Average rose 295.07 points, or 0.56%, to close at 53,061.95. ^[5] The US 10-year Treasury yield reached a 34-month high of 4.821% during the session before falling back below 4.8%. ^[6] John Williams, president of the Federal Reserve Bank of New York, said tariff effects are fading and inflation is gradually declining, aligning with Waller, and he urged caution on a September rate move. ^[7] Kevin Warsh, chair of the U.S. Federal Reserve, said at the Jackson Hole symposium that the better-than-expected summer inflation readings do not indicate a meaningful improvement in the underlying trend, contrasting with Waller's disinflation assessment. ^[8]