S&P 500 falls 1% Friday, heads for worst week in a year on tech selling, weak jobs report: Live updates
Publishing timestamp: 2024-09-06 13:52:54
Summary
The S&P 500 fell on Friday, heading for its worst week since March 2023 due to weaker-than-expected August jobs report and investors ditching technology stocks. Megacap tech stocks fell, semiconductor companies saw declines, and concerns about the health of the U.S. economy grew. The market is looking for direction from the Federal Reserve, with expectations of a rate cut. Meme stock leader "Roaring Kitty" resurfaced online, and VanEck Semiconductor ETF saw its worst weekly performance since March 2020. New York Fed President endorsed interest rate cuts, and stocks were on track for their worst week since March 2023. Berkshire Hathaway continued to sell Bank of America shares. Pre-market and after-hours trading saw movements in various companies such as DocuSign, Broadcom, and UiPath.
Sentiment: MIXED
Tickers: AVGO, NIO, ASML, AMZN, AMD, @DJ.1, SOXX, GME, .SPX, NVDA, PATH, DOCU, @SP.1, META, CHWY, MU, TSM, @ND.1, INTC, .IXIC, SMH, GOOGL, BAC, SMCI, BOWL, .DJI, MRVL,
Keywords: amazon.com inc, advanced micro devices inc, nasdaq composite, breaking news: investing, markets, alphabet inc, meta platforms inc, docusign inc, dow jones fut (mar'23), broadcom inc, nvidia corp, business news, ishares semiconductor etf, marvell technology inc, s&p 500 index, investment strategy, breaking news: markets, dow jones industrial average, nasdaq 100 fut (mar'23), s&p 500 fut (mar'23),
Source: https://www.cnbc.com/2024/09/05/stock-market-today-live-updates.html