US Stocks Reach New Highs Amid Soft Jobs Data and Rate Cut Expectations
TL;DR Summary
Dow Jones futures are slightly up ahead of the August jobs report, with Amazon and Netflix flashing buy signals amid a strong market rally that saw record highs in the S&P 500. Broadcom reported solid earnings and guidance, boosting AI-related stocks, while other tech and growth stocks like Shopify and Robinhood also showed positive moves. The market's direction will likely be influenced by the jobs report and earnings results, with investors watching for signs of a new upward trend.
- Futures: AI Giant Jumps Late, Jobs Data Due Investor's Business Daily
- Stock market today: S&P 500 hits record, Dow, Nasdaq jump ahead of make-or-break jobs report Yahoo Finance
- CNBC Daily Open: Markets are riding high, but will jobs data derail the rally? CNBC
- S&P 500 registers record-high close as data keeps rate cut views intact Reuters
- US Stocks Climb as Soft Jobs Data Pressures Yields, Helps Tech Bloomberg.com
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