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Stock Market Today: S&P 500 and Nasdaq Edge Higher as Inflation ...
2024-09-10 17:55:08
Markets
Stocks
Economy

Stock Market Today: S&P 500 and Nasdaq Edge Higher as Inflation Report Looms

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Stocks in the stock market today were uncertain ahead of the release of an important inflation report. The S&P 500 and Nasdaq were up, while the Dow was down.

Apple lost a tax case, but Oracle's earnings beat expectations. Investors are closely watching jobs and inflation data, as well as the launch of the iPhone 16 and the demand for cloud services.

The stock market had a volatile week, with fears of a recession causing the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average to decline. JPMorgan Chase warned of lower net interest income, while OPEC lowered its demand growth forecast.

In other news, Donald Trump and Kamala Harris are set to face off in a presidential debate. The market is searching for its momentum after a decline, and the nonfarm-payrolls report had a negative impact.

Apple, Oracle, and Alibaba were among the stocks making moves midday. Major research firms have unveiled their stock market forecasts for the fourth quarter, and the bond market is sending a startling signal for stocks.

Related news on that topic:

Asian markets dip after Wall Street had its worst week in nearly ... 18 months

Asian markets fell after Wall Street's worst week in 18 months. The weak U.S. jobs report sparked concerns about the Federal Reserve's interest rate policy. Tech companies like Broadcom and Nvidia drove the Nasdaq composite down 2.6%. Oil prices rose, with benchmark U.S. crude up 88 cents to $68.55 a barrel. Asian stocks tumbled on US growth fears and BOJ tightening. The US jobs data raised concerns about Fed rate cuts. Chinese stocks saw downgrades as data raised doubts over its 5% GDP target. Stocks dropped as jobs data added to case for Fed cuts. The stock market rebounded after S&P 500 losses. US recession fears hit markets. Aldi to open more UK stores as profits more than double. Chinese producers slash prices as weak demand persists. Job opportunities are drying up as stock market investors await Fed rate decision.

Market Turmoil: Asian and US Stocks Stumble Amid Economic Concerns

Asian markets faltered following Wall Street's worst week in 18 months, triggered by the U.S. jobs report and fears over the Federal Reserve's rate policies. Tech giants like Broadcom and Nvidia dragged down the Nasdaq, while rising oil prices added to the turmoil. The jittery market sentiment spreads as Chinese stocks face downgrades and Hong Kong's stocks hit a three-week low, amplifying concerns over global growth. Amidst the market turbulence, uncertainties loom over the US economy, tech shares, and the effectiveness of stimulus measures in China. Investors navigate volatile waters as they scrutinize economic data, earnings reports, and central bank actions for signs of stability amidst the prevailing market uncertainty.

Read 14 more recent news on this topic

The press radar on this topic:

The Street
10. September 2024 um 11:04

Nonfarm-payrolls report weighs on midday market. Here are 3 stock movers. TheStreet Daily Newsletter

Finance
Economy
Technology
The stock market is down, with the S&P 500 falling 1.8% and the Nasdaq Composite down 2.7%. The decline follows a worse-than-expected nonfarm-payrolls report. Broadcom reported strong Q3 results, driven by AI semiconductor solutions, including Ethernet networking and custom accelerators for AI data centers, as well as VMware, but provided weaker-than-expected Q4 guidance. Super Micro Computer dropped after a JPMorgan downgrade due to concerns about the company's regulatory compliance and poten..
The Street
10. September 2024 um 21:05

After a drubbing, market searches for its mojo TheStreet Daily Newsletter

Finance
Economy
September stock market decline; S&P 500 down 4.3%, Nasdaq down 5.77%; tech stocks like Nvidia (NVDA), Meta Platforms (META), Tesla (TSLA) hit hard; Apple's product event; Gamestop (GME), Adobe (ADBE) earnings reports; focus on CPI, PPI, Fed meeting; economy slowing but not contracting; Oracle earnings expected to be strong; S&P 500 200-day moving average support; Nasdaq RSI oversold; S&P 500 down 4.6% from July 16 peak, Dow down 3% from August 30 peak; S&P 500 had 4.7% decline in September 2022.
The Street
10. September 2024 um 23:03

Stock Market Today: Stocks higher with Apple, CPI inflation in focus TheStreet Daily Newsletter

Finance
Economy
Technology
Stocks gain ahead of Apple's iPhone 15 launch, U.S. inflation report. S&P 500, Nasdaq fell over 4% last week on recession fears. Fed rate hike bets ease after jobs data. Palantir joins S&P 500, bond yields signal economic concerns. ECB rate decision also eyed. Tech giants Nvidia, Tesla, Meta underperformed. S&P 500 changes include American Airlines, Dell, Erie Indemnity.
The Street
11. September 2024 um 10:03

Bond market sends startling signal for stocks TheStreet Daily Newsletter

Finance
Economy
Yield curve inversion, a recession signal, occurred as 2-year yields fell below 10-year. Bull steepening of yield curve typically precedes Fed easing and recessions. Atlanta Fed forecasts 2.1% Q3 growth, while S&P 500 earnings expected to rise 10.2% in 2024 and 15.4% in 2025. Investors await August inflation data, Fed's rate decision, and Q3 earnings, as well as the upcoming November elections, which could add to market volatility.
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