Summary: U.S. markets closed mixed on Tuesday as the Nasdaq saw slight gains thanks to tech stocks while financials dragged on other indexes after major U.S. banks were hit with another downgrade from a credit rating agency. Meanwhile, China took steps to stabilize its currency amid weakening economic conditions and deteriorating credit conditions.
The U.S. stock market closed lower as an earlier rally driven by Nvidia's earnings report fizzled out, while treasury yields increased, and the S&P 500 is on track to end its five-month winning streak, with concerns over the Federal Reserve Chair Jerome Powell's speech at Jackson Hole weighing on investors.
U.S. stocks opened higher following the Dow Jones Industrial Average's recovery from its worst day in five months as investors awaited Federal Reserve Chairman Jerome Powell's speech at Jackson Hole.
Dow Jones futures, S&P 500 futures, and Nasdaq futures are set to open on Sunday evening, with the stock market experiencing a mixed week as major indexes suffered reversals despite strong earnings from Nvidia, leading to caution for investors in the current environment.
US markets closed with gains on Monday ahead of key economic data, including an increase in crude oil prices.
US markets closed higher on Tuesday as softening job market data sparked hopes of a pause in rate hikes.
Stocks closed higher on Wall Street as economic reports indicated a cooling economy, potentially leading to a pause in interest rate hikes by the Federal Reserve.
Stocks closed higher on Wednesday after revised GDP data showed that the US economy grew slower than previously estimated, while signs of a slowdown in the labor market have heightened hopes for a "soft landing" for the economy.
Stocks closed mixed on Friday after the US unemployment rate showed a surprise jump, with the tech-heavy Nasdaq closing flat, the S&P 500 eking out a modest gain, and the Dow Jones leading the session with a 0.3% increase; all three indices ended the month with losses.
Dow Jones futures and other major indices are set to open on Sunday evening, with the stock market rally experiencing a strong week and the Magnificent Seven stocks living up to their title.
Traders will have a break from the stock market on Labor Day following positive economic data that suggests a slowing economy and potentially prevents the Federal Reserve from raising interest rates, while other markets such as commodities and bonds will be closed, and stock futures are expected to rise; additionally, the crypto trade remains active.
The stock market trading hours for Labor Day are discussed, despite the market's strong performance in 2023.
Wall Street closed August with declines, marking the worst month for the Dow, S&P 500, and Nasdaq Composite since earlier this year, while weak economic data and a cooling labor market have raised hopes that the Fed will maintain interest rates and provide growth opportunities for growth stocks like NVIDIA, Caterpillar, Amazon, Splunk, and Royal Caribbean Cruises.
Summary: The Nasdaq and S&P 500 closed slightly higher on Friday after a week of losses, while the Dow Jones Industrial Average rose 0.2%; however, all three major indexes ended the week lower due to rising oil prices, stronger-than-expected labor market data, and China's iPhone ban.
U.S. stocks closed higher on Monday, fueled by a rebound in Tesla shares and gains in the consumer discretionary sector, as investors looked ahead to key economic data on inflation later in the week.
Wall Street stocks closed lower as Apple's fall event began and investors awaited key inflation data, with the Nasdaq Composite dropping over 1% and the S&P 500 decreasing by approximately 0.6%.
Stock indices closed lower today, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all experiencing declines, while the technology sector was the session's laggard and the real estate sector was the leader but still lost ground. Additionally, the U.S. 10-Year Treasury yield and Two-Year Treasury yield both increased.
The Dow Jones futures, along with S&P 500 futures and Nasdaq futures, will open Sunday evening, with the Federal Reserve meeting expected to impact the stock market.
Stocks closed relatively unchanged on Monday as investors await the upcoming Federal Reserve meeting, which will determine the central bank's next interest rate decision, amidst easing core inflation and a cooling labor market.
U.S. stock markets closed lower amid risk-off sentiment as the Federal Reserve began its two-day monetary policy meeting, while Asian markets, including Japan's Nikkei 225 and Australia's S&P/ASX 200, experienced declines; however, European markets, including Germany's DAX and the U.K.'s FTSE 100, traded higher.
