Stocks Mixed as Nvidia Dips, Traders Eye Jobs Report
TL;DR
US stocks were mostly flat on Thursday after a tech-driven rally, with Nvidia shares dipping below the $3 trillion market cap. The S&P 500 hovered near its record close, while the Nasdaq slipped 0.2%. Investors are weighing new labor data and the potential for interest rate cuts, with a 69% chance of a September rate cut now anticipated. The European Central Bank also cut interest rates by 25 basis points. Key individual stock movements included Lululemon's 4% rise after boosting its profit outlook.
Topics:businessstock-market-update#interest-rates#labor-market#nasdaq#nvidia#sandp-500#stock-market-update
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