Today At A Glance:

U.S. stocks pulled back from Thursday’s record highs as investors digested a PCE inflation read that kept a September Fed cut in play but highlighted tariff-driven price pressures. Tech led the retreat—Dell and Marvell slumped on weak guidance, while Nvidia extended a multi-day slide. By the close, the S&P 500 −0.6%, Nasdaq −1.2%, and Dow −0.2%; small caps (Russell 2000) slipped 0.5%. Offsetting some of the tech weakness, healthcare and staples finished higher on the day. August still ended higher for the major indexes—marking a fourth straight monthly gain—as markets head into the Labor Day break.

Today’s Index Performance

• Dow Jones Industrial Average (^DJI) — The Dow opened today at 45,590.96 and closed today at 45,544.88, with the percentage change of −0.20%.
• S&P 500 (^GSPC) — The S&P 500 opened today at 6,489.28 and closed today at 6,460.26, with the percentage change of −0.64%.
• Nasdaq Composite — The Nasdaq opened today at 21,630.33 and closed today at 21,455.55, with the percentage change of −1.15%.

Gainers Of Note

• Petco Health + Wellness (NASDAQ: WOOF) – Pet-care retailer; soared ~21–24% after posting a surprise profit and raising its full-year outlook.
• Alibaba Group (NYSE: BABA) – E-commerce & cloud; jumped ~13% on strong cloud growth and reports it is developing a new AI chip.
• Autodesk (NASDAQ: ADSK) – Design software; rallied ~9–10% after beating estimates and lifting guidance on robust demand.

Losers Of Note

• Marvell Technology (NASDAQ: MRVL) – Semiconductors; dropped ~19% after issuing a downbeat revenue forecast despite meeting earnings.
• Dell Technologies (NYSE: DELL) – PCs, servers & storage; fell ~9% as weaker margins and cautious profit guidance overshadowed an upbeat full-year outlook.
• Ulta Beauty (NASDAQ: ULTA) – Specialty retail; slid ~7% on margin concerns even after raising its annual outlook.

Active Traders Of Note

• Nvidia (NASDAQ: NVDA) – AI/GPU bellwether; heavily traded as shares −~3.4%, extending a post-earnings pullback and stoking worries about AI monetization.
• Oracle (NYSE: ORCL) – Enterprise software; active as AI-related names weakened, with shares under pressure alongside the broader tech complex.
• Kraft Heinz (NASDAQ: KHC) – Packaged foods; saw brisk turnover and +~2–3% after reports of a potential corporate breakup plan.

Looking Forward:

A holiday-shortened week begins Tuesday, with attention on early-September data—culminating in the jobs report—for confirmation that the Fed can cut rates without reigniting inflation. Markets will also watch whether AI hardware/software sentiment stabilizes after this week’s guidance shocks. Tariff headlines remain a wild card for industrials and consumer goods as companies update their cost outlooks into Q3.

Note: The stock performance summaries are based on general trends observed over the past ten trading days and are not indicative of future results.

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