Major markets (^DJI, ^GSPC, ^IXIC) are under pressure after the August employment report was released in line with economists’ expectations. The U.S. Bureau of Labor Statistics reported 142,000 jobs added to the labor market in August, lower than the expected 165,000 as the economy continues to cool.
Meanwhile, the chip sector is also showing some movement. Broadcom (AVGO) stock is falling after its fourth-quarter outlook disappointed investors. Meanwhile, Qualcomm (QCOM) is reportedly exploring the possibility of acquiring part of Intel’s (INTC) design business. The moves come as the Biden administration rolls out new export controls on chips, particularly targeting quantum computing and high-bandwidth chips, which are key components of AI.
Other trending tickers on Yahoo Finance include Nvidia (NVDA), Wheeler Real Estate Investment Trust (WHLR), and UiPath (PATH).
The main guests are:
3:20pm ET – Claudia Sahm, Chief Economist, New Century Advisors. Former Federal Reserve Economist
3:30pm ET – Jeff Lewis, Bedrock Founder and Managing Partner
4:00 PM ET – Dan I, Chief Investment Officer, Fort Pitt Capital Group
4:15pm ET – Grant Van Rooyen, Tract CEO
4:45pm ET – Jason Robbins, DraftKings CEO
