Stock market today: Stocks open higher after jobs report shows more cooling

Due to softening employment data and tepid forecasts from major players in the tech sector, the downward pressure on tech stocks is likely to continue. Both Nvidia and Broadcom's recent performance indicates a potential pessimistic outlook for the semiconductor sector, further exacerbated by general investor anxiety about broader economic conditions. Coupled with the uncertainty surrounding any upcoming interest rate cuts from the Fed, a cautious approach to tech investments is advisable for the near term.

Given the Fed's likely inclination to cut interest rates in response to the weak jobs report, sectors sensitive to interest rates, like real estate or consumer discretionary, may see a rebound as lower rates typically boost borrowing and spending. However, continued volatility in tech may overshadow these benefits in the short term