Market Check
By Chibuike Oguh
NEW YORK (Reuters) -U.S. stocks finished slightly lower in choppy trading on Wednesday following labor market data and comments from a Federal Reserve official that bolster the case for an interest rate cut.
Labor Department data showed that U.S. job openings fell to a 3-1/2-year low in July, indicating continued easing of labor market tightness that could strengthen the Fed's hand to begin cutting rates at its next meeting... (continue reading...)
(This Sept. 3 story has been officially corrected to fix the time frame of when Nvidia stock traded sideways and removes reference to 'most of the last quarter,' in paragraph 4)
(Reuters) - Wall Street's main indexes slid on Tuesday, with the S&P 500 down more than 2% and the Nasdaq Composite down over 3% as investors softened their optimism about AI in a broad market sell-off that accelerated after tepid economic data. The benchmark S&P 500 index,... (continue reading...)
S&P 500, Nasdaq Quickly Erase Gains
- The reason for the sudden decline wasn't clear.
Nasdaq Falls Ahead of NVIDIA (NASDAQ: NVDA) Results Wednesday, Down 0.8%
- NVDA -1.8%
- NVIDIA will host a conference call on Wednesday, August 28, at 2 p.m. PT (5 p.m. ET) to discuss its financial results for the second quarter of fiscal year 2025, which ended July 28, 2024.
S&P 500 Pares Gain Following Powell Speech, Hits Intraday Low
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