Stock market today: Stocks slip as tough September start rolls on

Nvidia's stock has faced significant pressure due to concerns about its growth potential amid ongoing regulatory scrutiny, which can impact investor confidence in tech stocks more broadly. Additionally, the cooling labor market and potential interest rate cuts may further pressure technology stocks like Nvidia as growth prospects diminish.

The Consumer Staples and Utilities sectors are generally considered more defensive and could see a positive movement as investors look for stability amid ongoing economic uncertainties. An emphasis on these sectors may indicate that investors are rotating out of riskier assets into safer ones, which bodes well for ETFs focused on these areas.

Considering the interest rate environment and potential stimulus through rate cuts, real estate and utility ETFs could benefit from lowered borrowing costs and increased capital allocation towards economically sensitive sectors. This trend suggests a positive outlook for related stocks and ETFs.