Stock market today: Dow, S&P 500 slip with focus on jobs report, wait for Mideast moves

Published On Oct 3, 2024, 10:05 AM

U.S. stock markets showed mixed results with the S&P 500 and Dow slipping slightly, while the Nasdaq gained due to increases in tech stocks like Nvidia. Investors are focused on upcoming jobs data that could influence Federal Reserve policies, especially given recent signals of a cooling labor market. Concerns over the escalating Middle East conflict are also impacting market sentiment, particularly with rising oil prices as tensions continue. Companies such as Levi Strauss and Tesla are facing specific challenges leading to stock declines.

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Stock Forecasts

LEVIView LEVI chart on TradingView

Negative

Levi Strauss is experiencing significant downward pressure on its stock due to disappointing revenue forecasts and strategic reconsiderations, indicating negative market sentiment.

NVDAView NVDA chart on TradingView

Positive

Nvidia's strong performance helps bolster tech sector optimism, especially as it leads to a recovery in the Nasdaq index, suggesting a positive outlook for the company.

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