U.S. stocks are under pressure as Wall Street begins its first day of September trading. Investors are digesting the latest manufacturing data, but all eyes are on Friday’s jobs report. The data provides key insight into the health of the labor market ahead of the Federal Reserve’s September meeting, where investors are likely to see a long-awaited interest rate cut. The chip sector will continue to be in the spotlight this week after Nvidia’s ( NVDA ) Q2 earnings disappointed investors. Broadcom ( AVGO ) is expected to report third-quarter earnings after the closing bell on Thursday as investors continue to evaluate its AI plays. Boeing ( BA ) is also in the spotlight this morning after Wells Fargo downgraded the company, and the company said shares could fall nearly 30% amid recent troubles. Yahoo Finance trends include Tesla (TSLA), GameStop (GME) and Super Micro Computer (SMCI).
The main guests are:
9:00 AM ET – Victoria Fernandez, Chief Market Strategist, Crossmark Global Investments
9:45 a.m. ET – Lee Manson, President and CIO of Portfolio Wealth Advisors
10:00 AM ET – Corey Kantenga, LinkedIn’s Head of Economics, Americas
10:30 AM ET – Mike Boyd, International President, Boyd Group
11:00 AM ET – Dana Dauria, Envestnet Solutions Inc. and Group President