Today At A Glance:

Wall Street reversed from early record intraday highs after the August jobs report showed payrolls rising just 22,000 and unemployment up to 4.3%, sharpening rate-cut bets but stoking slowdown fears. Treasury yields sank on the weak labor print, while stocks faded into the close as bank shares lagged and rate-sensitive real estate outperformed. By the bell, the Dow −0.53%, S&P 500 −0.49%, and Nasdaq −0.25%, after briefly touching new highs earlier in the day. Stock stories were mixed: Broadcom jumped on a blockbuster $10B AI-chip order and upbeat outlook, while Lululemon plunged on weak U.S. demand and tariff costs. Mega-cap Nvidia slipped on valuation worries even as Tesla rose on compensation-plan headlines, highlighting the cross-currents within tech.

Today’s Index Performance:

• Dow Jones Industrial Average (^DJI) — Opened today at 45,656.49 and closed today at 45,381.03, with the percentage change of −0.53%.
• S&P 500 (^GSPC) — Opened today at 6,529.08 and closed today at 6,470.30, with the percentage change of −0.49%.
• Nasdaq Composite — Opened today at 21,860.44 and closed today at 21,652.83, with the percentage change of −0.25%.

Gainers Of Note:

• Broadcom (NASDAQ: AVGO) – Custom and networking chips; surged ~15% after unveiling a $10B AI-chip order from a new customer and guiding to stronger AI revenue in FY26.
• DocuSign (NASDAQ: DOCU) – E-signature & agreement software; rose ~5%+ on a revenue/earnings beat and a higher full-year outlook tied to enterprise adoption of its AI tools.
• Samsara (NYSE: IOT) – IoT fleet & operations platform; jumped ~14–15% after 30% Y/Y revenue growth and raised guidance.

Losers Of Note:

• Lululemon Athletica (NASDAQ: LULU) – Athletic apparel; tumbled ~18–20% after cutting profit and sales forecasts, citing soft U.S. demand and tariff headwinds.
• Advanced Micro Devices (NASDAQ: AMD) – Semiconductors; fell ~5–6% following a downgrade from Seaport Research and lingering AI demand concerns.
• Copart (NASDAQ: CPRT) – Online auto auctions; slid after a revenue miss tied to lower vehicle sales growth, despite higher service revenue.

Active Traders Of Note:

• Nvidia (NASDAQ: NVDA) – AI/GPU bellwether; heavy volume as shares −~2.8% amid valuation pressure and sector rotation.
• Tesla (NASDAQ: TSLA) – EV & AI platform; brisk trading as shares +~3–4% on headlines around a proposed long-term CEO compensation framework.
• JPMorgan Chase (NYSE: JPM) – Money-center bank; active as bank stocks fell alongside growth concerns and tumbling yields.

Looking Forward:

With the labor print keeping a September rate cut squarely in play (some wagers even eye 50 bps), attention turns to next week’s PPI/CPI for confirmation. Expect dispersion to persist: AI winners with tangible orders/guidance (e.g., chip suppliers) may keep leadership even as broader valuation anxiety lingers. Banks, retailers, and rate-sensitives could stay volatile as tariff developments and growth signals tug yields — and risk appetite — in opposite directions.

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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