The stock market fell after its return from the long weekend, with memories of past September struggles top of mind.<\/p>\n
The Dow Jones Industrial Average fell 249 points, or 0.6%. The S&P 500 dropped 0.7%. The Nasdaq Composite fell 0.8%.<\/p>\n
The yield on the 2-year Treasury note was up to 3.66%. The 10-year yield jumped to 4.28%. The 30-year rose to 4.97 after briefly spiking to 5%. The bond market slide followed moves overseas, where yields of U.K., German, Dutch, and French debt hit their highest levels in more than a decade.<\/p>\n
Investors had a lot of headlines to contend with, including a show of solidarity among leaders of Russia, China, and India, as well as the Trump administration\u2019s legal battles regarding tariffs and its attempt to fire Federal Reserve Governor Lisa Cook.<\/p>\n
Beyond that, traders in recent sessions have trimmed stakes in high-flying artificial intelligence stocks like Nvidia heading into September; it\u2019s historically been the worst month for the big three indexes.<\/p>\n
Nvidia and other Magnificent Seven stocks fell sharply in morning trading before paring the worst of their declines.<\/p>\n
\u201cTech volume is down 5-10% depending on the sector,\u201d writes Mizuho\u2019s Daniel O\u2019Regan. \u201cDespite the weakness we started to see some dip buyers adding to existing positions in MAG7 names, albeit passively.\u201d<\/p>\n
The big event of the week will be Friday\u2019s employment report. Wall Street will want to see signs of resilience in the labor market, so a surprisingly weak report could threaten the market\u2019s summer rally.<\/p>\n","protected":false},"excerpt":{"rendered":"The stock market fell after its return from the long weekend, with memories of past September struggles top…\n","protected":false},"author":2,"featured_media":1706,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[79,18,19,17,188],"class_list":{"0":"post-39534","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-eire","10":"tag-ie","11":"tag-ireland","12":"tag-markets"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/39534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=39534"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/39534\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/1706"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=39534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=39534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=39534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}