Nasdaq Falls as Soft Jobs Report Raises Economic Concerns
On September 4, U.S. markets were mixed as the Nasdaq slipped and the S&P 500 remained flat following a soft jobs report showing lower-than-expected July job openings.
This data raised concerns about the U.S. labor market and impacted expectations for the Federal Reserve’s upcoming interest rate decision. Market bets on a 25-basis point rate cut dropped to 53%.
Nasdaq Falls
Tech stocks like Apple, Amazon, and Nvidia fell, while the Dow rose slightly, supported by financial stocks. Investors are also awaiting the Federal Reserve’s Beige Book report and crucial August jobs data, set for release on Friday.
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