Nvidia leads Nasdaq down in rough start to September
Published On Sep 3, 2024, 3:30 PM
September began with a significant drop in stock prices, notably in tech shares like Nvidia, which fell nearly 10% after a disappointing earnings report, reigniting concerns about the AI sector. The broader market showed steep declines with the Dow down 1.5%, S&P 500 down 2.1%, and Nasdaq down 3.3%. Investors are closely monitoring incoming economic data, particularly the August jobs report, which could influence the Federal Reserve's decisions on interest rate cuts amid signs of a slowing labor market. The article highlights a cautious mood among traders as they brace for historically challenging September market conditions.