(CNBC) -- The S&P 500 closed the first trading day of September near the flatline as the strength in technology shares faded, while investors digested a disappointing employment report.
The broad equity index climbed 0.3% to kick off September trading. The tech-heavy Nasdaq Composite advanced 0.8% to hit a new intraday record high. The Dow Jones Industrial Average dipped 30 points. Apple jumped as much as 2% to an all-time high, but pared gains to about 0.5%.
U.S. companies created far fewer jobs than expected in August with private payrolls rising just 374,000, according to payroll services firm ADP. That is well below the Dow Jones estimate of 600,000.
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