#S&P500 $GSPC Falls 2.12% to 5528.93
The Magnificent Seven tech stocks are no longer outperforming the rest of the 493 stocks in the S&P500. Shares in Nvidia plunged nearly 10% on the first trading day after the Labour Day weekend holiday wiping nearly 300 billion dollars off the firm’s value in the largest single-day value drop in US stock market history.
US stock futures (#DJI , #IXIC, #GSPC) edge lower on Tuesday. Markets are looking ahead to the avalanche of economic data due out this week, including August's jobs report this Friday, September 6.
Crucial jobs report kicks off a new month:
The August jobs report, due out on Friday, will headline economic releases in the week ahead as investors look to see whether the signs of slowing in the July jobs report were overstated or an early warning of a broader slowdown.
Updates on job openings and private wage growth are also on the schedule, as well as activity checks from the services and manufacturing sectors.
(The S&P hadn't cleared the July high - trading in a narrow range - but this changed today with an clear undercut of this range, and a close at converged 20-day and 50-day MAs support. It would be a good time for a bounce, particularly if there is a bullish candlestick like a dragonfly doji or bullis hammer at these moving averages. Technicals are net bullish).
US stock futures (#DJI , #IXIC, #GSPC) edge lower on Tuesday. Markets are looking ahead to the avalanche of economic data due out this week, including August's jobs report this Friday, September 6.
Crucial jobs report kicks off a new month:
The August jobs report, due out on Friday, will headline economic releases in the week ahead as investors look to see whether the signs of slowing in the July jobs report were overstated or an early warning of a broader slowdown.
Updates on job openings and private wage growth are also on the schedule, as well as activity checks from the services and manufacturing sectors.
(The S&P hadn't cleared the July high - trading in a narrow range - but this changed today with an clear undercut of this range, and a close at converged 20-day and 50-day MAs support. It would be a good time for a bounce, particularly if there is a bullish candlestick like a dragonfly doji or bullis hammer at these moving averages. Technicals are net bullish).
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إخلاء المسؤولية
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