Stock Market Reacts to Economic Reports: Dow Jones Futures Rally, Nasdaq Suffers Worst Month
TL;DR Summary
Dow Jones futures rose ahead of the Labor Department's August jobs report, which showed nonfarm payrolls grew by 187,000, beating estimates. Tesla stock rose after the company released an updated Model 3 sedan in China and slashed prices of its premium vehicles. Earnings movers included Broadcom, Dell, Lululemon Athletica, and MongoDB. Oil prices reached a nine-month high, and tech giants Apple and Microsoft saw modest gains in the stock market. IBM, Merck, and Visa were among the Dow Jones stocks to watch.
- Dow Jones Futures Rally On Soft Jobs Report; Tesla Unveils New Model 3 Investor's Business Daily
- S&P 500, Nasdaq post August losses, breaking 5-month winning streak Yahoo Finance
- Investor Optimism Improves Further As Investors Assess Economic Reports - Broadcom (NASDAQ:AVGO), Dollar Benzinga
- Nasdaq suffers worst month of 2023 Finance News Network
- Stocks rise after PCE data signals cooling inflation: Stock market news today Yahoo Finance
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