Wall Street is on edge as investors await the release of the August non-farm payrolls report, a key indicator of economic health. The data is expected to show job growth but traders are wary of a potential slowdown. The Federal Reserve’s rate trajectory is also in focus, with two officials scheduled to speak after the data release. Broadcom’s soft guidance has weighed on the chipmaker’s stock and its peers.
Results for: Non-farm Payrolls
Wall Street is bracing for a volatile week, with uncertainty surrounding Friday’s non-farm payrolls report driving market sentiment. The major indices are trading narrowly mixed, with investors awaiting economic data releases throughout the day. Artificial intelligence companies face pressure following C3.ai’s disappointing earnings, while oil and gold futures are seeing gains. Analysts remain cautious about September’s market performance but see potential for a rebound.
The number of job openings in the US fell in July, raising concerns about the health of the labor market and the broader economy. This follows recent revisions that downgraded job gains over the past year, adding to the uncertainty surrounding the economic outlook.