Stock market today: Dow, Nasdaq edge lower to start jobs report week as Powell set to speak

Published On Sep 30, 2024, 11:45 AM

U.S. stocks are experiencing slight declines as investors await remarks from Federal Reserve Chair Jerome Powell leading into a critical jobs report. The Dow Jones, S&P 500, and Nasdaq are all slightly lower while still anticipating strong monthly gains. Investors are concerned about profit warnings from various automakers, including Stellantis, which lowered its profit outlook, negatively affecting shares of Ford and GM. Meanwhile, Nvidia's stock is under pressure due to potential trade restrictions from China concerning its semiconductor products, yet analysts remain bullish on Nvidia overall.

Read full article

Stock Forecasts

FView F chart on TradingView

Negative

The automotive sector is facing immediate pressure due to negative outlooks and profit warnings. Stellantis's significant margin cuts signal financial strain and may negatively impact investor sentiment in the sector, particularly affecting GM and Ford stocks.

NVDAView NVDA chart on TradingView

Positive

Despite short-term trade fears impacting Nvidia, analysts maintain a strong long-term outlook, suggesting resilience in the semiconductor market could support stock recovery once these clouds lift.

Related News

Nancy Tengler encourages investors to have a ‘longer-term perspective’ on Magnificent 7 stocks | Fox Business Video

Laffer Tengler CEO and CIO Nancy Tengler discusses investment opportunities and more on ‘Making Money.'

AAPL
MSFT
NVDA

Nvidia stock aims for new record high as AI boom shows no sign of slowing

Oct 9, 2024, 12:23 PM

Nvidia stock is aiming to notch a new all-time high, as the AI boom shows no sign of slowdown.

NVDA

Nobel Prize in Chemistry Is Awarded to 3 Scientists for Work With Proteins

Oct 9, 2024, 5:49 AM

Demis Hassabis and John M. Jumper of Google DeepMind predicted protein shapes with A.I. while David Baker designed “a new protein that was unlike any other,” the committee said.

NVDA
EDIT