Stocks fall due to concerns about US labor market weakness, but technology stocks performing well.

From Nasdaq: 2024-09-05 12:55:01

Stocks are down today, with the Dow reaching a 2-week low due to concerns about US labor market weakness. Signs of slow job growth and T-note yields rising after better-than-expected ISM services index have impacted the market. Mega-cap technology stocks are a shining light. Overseas markets are mixed, with T-note and European bond yields varying. Interest rates are conflicting, with swaps suggesting a rate cut is imminent. US Stock Movers are highlighted by companies like MarketAxess Holdings, Tesla, and Amazon showing positive trends. Airlines are also seeing gains due to lower jet fuel costs, while healthcare and tech firms are facing pressure. Earnings reports include Broadcom Inc, DocuSign Inc, and more.



Read more at Nasdaq: Stocks Slip on Mixed US Economic News