Stock market today: Stocks slip as tough September start rolls on

US stocks were lower on Wednesday, coming off a steep sell-off fueled by worries about economic growth and the artificial intelligence trade amid a slide in Nvidia shares. The S&P 500 was down more than 02% while the tech-heavy Nasdaq Composite fell over 0.3%. Meanwhile, the Dow Jones Industrial Average slipped about 0.1%. Stocks had pulled back as Nvidia shares slumped, an indication that faith in the AI boom that has driven much of this year's gains is seeping out of the market.

In an up-and-down trading session on Wednesday, stocks appeared to turn positive after fresh data showed further signs of the labor market cooling, prompting bond yields to fall and investors to ramp up their hopes for more extensive interest rate cuts in 2024. Data showed job openings fell to 7.67 million in July, the lowest level since January 2021.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock market today: Stocks claw back after tough September startInvestors are looking to labor data to gauge the chances of a 'soft landing' for the economy.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: Stocks stumble to start September as crucial jobs report lies aheadWall Street is hunkering down after a roller-coaster August, with the prospect of a potentially stormy September ahead.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

3 stocks retail investors turned to when stocks fell this weekSome retail investors used the market sell-off earlier this week as a buying opportunity. IG Group North America CEO JJ Kinahan joins Yahoo Finance to...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: Dow futures stumble to start September as crucial jobs report lies aheadWall Street is hunkering down after a roller-coaster August, with the prospect of a potentially stormy September ahead.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »

Stock market today: Tech leads losses as investors await Nvidia earningsInvestors are holding back ahead of the AI bellwether's earnings report, seen as crucial to keeping confidence in the broader market aloft.
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »