Nasdaq slips, S&P 500 subdued after soft job openings report
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
Job openings stand at 7.67 mln in July
Nvidia drops after report of subpoena from US DoJ
Dollar Tree dives after cutting annual forecasts
Indexes: Dow up 0.23%, S&P 500 off 0.05%, Nasdaq down 0.41%
Updated at 10:14 a.m. ET/1414 GMT
By Johann M Cherian and Purvi Agarwal
Sept 4 (Reuters) -The Nasdaq slipped and the benchmark S&P 500 was flat on Wednesday after a soft job openings report fanned concerns about the health of the U.S. economy.
Data from the Bureau of Labor Statistics showed job openings in the month of July stood at 7.673 million, lower than the 8.1 million that economists polled by Reuters were expecting.
The data comes ahead of the crucial August non-farm payrolls numbers due on Friday, which could sway bets on the size of the U.S. Federal Reserve's expected interest rate cut in September.
Markets now expect a 53% chance of a 25-basis point cut, according to CME Group's FedWatch Tool, down from more than 61% earlier in the day, while that of a 50 bps cut stands at 47%.
"(The report) will do little to allay lingering concerns over the health of the U.S. labor market," said Michael Brown, senior research strategist at Pepperstone.
In the previous session, Wall Street's main indexes had logged their biggest one-day loss since early August as investors dumped technology-related stocks in a dour start to September.
Since 1928, the benchmark S&P 500 has recorded losses of about 1.2% on average in the historically weak month for U.S. equities.
The risk-off mood was exacerbated by data in Tuesday that showed manufacturing activity shrank, nearly a month after signs of softening labor demand sparked a global market rout.
The Fed's survey, known as the "Beige Book", is also expected on Wednesday.
At 10:14 a.m. the Dow Jones Industrial Average .DJI rose 95.23 points, or 0.23%, to 41,032.16, the S&P 500 .SPX lost 3.01 points, or 0.05%, to 5,525.92, and the Nasdaq Composite .IXIC lost 70.24 points, or 0.41%, to 17,066.06.
Nine of the 11 S&P 500 sectors were up, led by utilities .SPLRCU which were up 1.2%.
A rise in financial stocks such as Goldman Sachs GS.N and Travelers TRV.N helped keep the blue-chip Dow above water.
The Philadelphia SE Semiconductor index .SOX edged higher after notching its biggest one-day drop since the COVID-19 pandemic in the previous session.
Nvidia NVDA.O fell 0.8% after a report said the U.S. Department of Justice sent a subpoena to the AI chip firm as it deepens its probe into the company's antitrust practices.
Other growth stocks such as Apple AAPL.O slipped 2%, Amazon.com AMZN.O lost 1.2% and Microsoft MSFT.O fell 0.7%.
Zscaler ZS.O forecast fiscal 2025 revenue and profit below estimates, sending its shares down 17.2%, while Dollar Tree DLTR.O slumped 18.6% after the discount store operator trimmed its annual sales and profit forecasts.
Advancing issues outnumbered decliners for a 1.5-to-1 ratio on the NYSE and a 1.13-to-1 ratio on the Nasdaq.
The S&P 500 posted 67 new 52-week highs and six new lows, while the Nasdaq Composite recorded 24 new highs and 99 new lows.
September is the worst month for S&P 500 on average since 1928 https://tmsnrt.rs/3zea03d
Reporting by Johann M Cherian, Bansari Mayur Kamdar and Purvi Agarwal in Bengaluru; Editing by Arun Koyyur and Shounak Dasgupta
Mga Kaugnay na Asset
Pinakabagong Balita
Disclaimer: Ang mga kabilang sa XM Group ay nagbibigay lang ng serbisyo sa pagpapatupad at pag-access sa aming Online Trading Facility, kung saan pinapahintulutan nito ang pagtingin at/o paggamit sa nilalaman na makikita sa website o sa pamamagitan nito, at walang layuning palitan o palawigin ito, at hindi din ito papalitan o papalawigin. Ang naturang pag-access at paggamit ay palaging alinsunod sa: (i) Mga Tuntunin at Kundisyon; (ii) Mga Babala sa Risk; at (iii) Kabuuang Disclaimer. Kaya naman ang naturang nilalaman ay ituturing na pangkalahatang impormasyon lamang. Mangyaring isaalang-alang na ang mga nilalaman ng aming Online Trading Facility ay hindi paglikom, o alok, para magsagawa ng anumang transaksyon sa mga pinansyal na market. Ang pag-trade sa alinmang pinansyal na market ay nagtataglay ng mataas na lebel ng risk sa iyong kapital.
Lahat ng materyales na nakalathala sa aming Online Trading Facility ay nakalaan para sa layuning edukasyonal/pang-impormasyon lamang at hindi naglalaman – at hindi dapat ituring bilang naglalaman – ng payo at rekomendasyon na pangpinansyal, tungkol sa buwis sa pag-i-invest, o pang-trade, o tala ng aming presyo sa pag-trade, o alok para sa, o paglikom ng, transaksyon sa alinmang pinansyal na instrument o hindi ginustong pinansyal na promosyon.
Sa anumang nilalaman na galing sa ikatlong partido, pati na ang mga nilalaman na inihanda ng XM, ang mga naturang opinyon, balita, pananaliksik, pag-analisa, presyo, ibang impormasyon o link sa ibang mga site na makikita sa website na ito ay ibibigay tulad ng nandoon, bilang pangkalahatang komentaryo sa market at hindi ito nagtataglay ng payo sa pag-i-invest. Kung ang alinmang nilalaman nito ay itinuring bilang pananaliksik sa pag-i-invest, kailangan mong isaalang-alang at tanggapin na hindi ito inilaan at inihanda alinsunod sa mga legal na pangangailangan na idinisenyo para maisulong ang pagsasarili ng pananaliksik sa pag-i-invest, at dahil dito ituturing ito na komunikasyon sa marketing sa ilalim ng mga kaugnay na batas at regulasyon. Mangyaring siguruhin na nabasa at naintindihan mo ang aming Notipikasyon sa Hindi Independyenteng Pananaliksik sa Pag-i-invest at Babala sa Risk na may kinalaman sa impormasyong nakalagay sa itaas, na maa-access dito.
