News Formal

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

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 19 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 63%

Artificial Intelligence Nieuws

Nasdaq Composite,Nvidia,Market Value

Investors are looking to labor data to gauge the chances of a 'soft landing' for the economy.

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.

 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.
Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 47. in NL

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

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.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »

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.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »

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...
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »

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.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »

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.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »