STOCK MARKET

Dow Jones ended at $40,974.97 (+0.09%)

S&P 500 ended at $5,520.07 (-0.16%)

Nasdaq Composite ended at $17,084.30 (-0.30%)

The stock market witnessed mixed performances as Wall Street continued facing a challenging start of the month. The S&P 500 and Nasdaq Composite slipped, while the Dow Jones Industrial Average managed to edge up slightly. Investors were cautious and waiting for the upcoming employment report, leading to low-conviction trades. Nvidia’s downward trend continued following reports of subpoenas from the U.S. Justice Department, contributing to the mixed performance of the market. However, some technology and chip stocks, including Advanced Micro Devices and Tesla, rallied. The movement in the Treasury market also impacted stock performance, as the yield curve briefly returned to a normal state after being inverted. Moreover, traders are preparing for more volatility in September, with expectations of a potential pullback of 5% or more. Nevertheless, it is worth noting that despite the recent pullbacks, experts suggest that investors should not change their positioning based on short-term fluctuations. Furthermore, the current volatility is seen as a normal part of investing, as stated by TD Wealth’s chief investment officer.

CRYPTO MARKET

Bitcoin rose by 0.10% for the day, with a value of $58,045.54 as of 3:00 PM CST, as stated by Coin Metrics.