Stock investors faced a rude awakening as markets plunged due to Trump tariff uncertainty and rising 30-year Treasury yields. Despite a positive August, Wall Street gears up for a heavy load of economic data. Job market focus intensifies with key releases expected, as investors brace for potential Fed rate cuts.

The August jobs report is highly anticipated after disappointing July figures and downward revisions for May and June. Economists predict the potential for further job losses and the impact on Fed rate decisions. Market volatility is expected amid economic uncertainties and inflation concerns.

Updated US trade deficit data for July will give insight into tariff impact on the economy. A recent ruling declared Trump’s tariff plan illegal, though tariffs remain in place. Concerns rise over potential inflation as businesses pass on duty costs to consumers. Historically, September is the weakest month for the stock market, with turbulence and volatility expected. Despite positive momentum, caution is advised due to market fluctuations and historic trends.

Read more at Yahoo Finance: What investors should be watching this week as Wall Street revs up after summer vacation