Nasdaq drops amid Big Tech earnings, employment data

) close Thursday in negative territory, the Nasdaq Composite experiencing a 2.3% drop ahead of Big Tech earnings after the bell. The S&P 500 and Dow Jones Industrial Average both fell by over 1% a piece.review the headline events weighing on the major market indexes: Magnificent Seven earnings, expectations for the Federal Reserve to cut interest rates in September, and Friday's jobs data.

Well, it felt like we've been waiting for, at what point does bad economic news become bad news for stocks, right? So that's not necessarily a super clear signal and even the ice and manufacturing was a little bit mixed because you saw certain components of it did improve.Yes, it sets the table for a very big July jobs report tomorrow where expectations are for the economy to have added about 175,000 jobs, the unemployment rate to stay flat at 4.1%.You guys were talking about the so rule earlier, if we get unemployment at 4.

Earlier this week, the pipeline operator said it has entered an agreement which will enable an Indigenous-owned investment partnership to purchase a 5.34% stake in the NGTL system and Foothills assets in western Canada. The deal is backed by the Alberta Indigenous Opportunities Corporation, a provincial crown corporation, and was negotiated by a consortium committee representing 72 communities closest to the pipeline system in Alberta, British Columbia and Saskatchewan.

VANCOUVER, British Columbia, August 01, 2024--Capstone Copper Corp. today reported financial results for the six months and quarter ended June 30, 2024 . Copper production in Q2 2024 totaled 40,937 tonnes at C1 cash costs1 of $2.84 per payable pound of copper produced. Link HERE for Capstone’s Q2 2024 webcast presentation.TORONTO, Aug. 01, 2024 -- Trisura Group Ltd. , a leading specialty insurance provider, today announced financial results for the second quarter of 2024.

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Stock market news today: Nasdaq sinks, Nvidia drops 7% ahead of Big Tech earningsA packed day of earnings and the start of the Fed's July meeting continue a potentially pivotal week for stocks.
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Megacaps lift Nasdaq, S&P 500 ahead of Big Tech earnings, Fed verdictThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
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Stock market news today: Nasdaq futures lead losses as first Big Tech earnings fail to deliverDisappointing Alphabet and Tesla earnings have stirred up worries that Big Tech's power to fuel stock market gains is fading.
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