Markets under pressure to start September, Boeing downgraded: Yahoo Finance
US stocks are under pressure as Wall Street kicks off the first trading day of September. Investors are digesting the latest manufacturing data, but all eyes are on Friday’s jobs report. The data will provide key insight into the health of the labor market ahead of the Fed’s September meeting, where investors will likely see a long-awaited interest rate cut. After Nvidia’s (NVDA) second-quarter earnings disappointed investors, the chip sector will remain in focus this week. Broadcom (AVGO) is expected to report its third quarter earnings after the closing bell on Thursday as investors continue to weigh their AI plays. Boeing (BA) is also in focus this morning after the company was downgraded by Wells Fargo, with the firm saying shares could fall almost 30% amid recent woes. Yahoo Finance trending tickers include Tesla (TSLA), GameStop (GME), and Super Micro Computer (SMCI).
Key guests include:9:00 a.m. ET - Victoria Fernandez, Chief Market Strategist, Crossmark Global Investments9:45 a.m. ET - Lee Munson, Portfolio Wealth Advisors President & CIO10:00 a.m. ET - Kory Kantenga, LinkedIn Head of Economics, Americas10:30 a.m. ET? - Mike Boyd, Boyd Group International President11:00 a.m. ET - Dana D’Auria, Envestnet Solutions Co-CIO & Group President
