With Labor Day weekend coming to a close, the stock market opened September on a weak note. The S&P 500 fell roughly 0.7% and the Nasdaq 100 fell nearly 1% after large tech stocks pulled back. Nvidia was one of the biggest movers, losing 1.5% ahead of the market opening. Investors are worried about high-tech valuations and increasing U.S. government debt.
It wasn't just stocks under pressure; global bonds also sold off, pushing yields higher. The U.S. dollar posted its biggest one-day gain (about 0.9%) since July, following a six‑day losing streak. This was due to better-than-expected manufacturing data. Gold rose to an all‑time high of over $3,500 an ounce as investors expect possible interest rate reductions this month.
Van Vuuren, A. J. (2025, September 1). Stocks fall as rising yields stir investor jitters: Markets wrap. Bloomberg. https://www.bloomberg.com/news/articles/2025-09-01/stock-market-today-dow-s-p-live-updates
The struggle that the market is facing out of the long weekend shows that the market is always subject to fluctuations. The pullback from the big tech companies, like NVIDIA, was an interesting move and I'm curious to see where things go from here.
ReplyDeleteSeptember opened on a cautious note as stocks and bonds both came under pressure. Tech led the pullback, with Nvidia sliding ahead of the open, reflecting investor concerns about stretched valuations and rising U.S. debt levels. The broader S&P 500 and Nasdaq 100 declines show how fragile sentiment remains after summer gains.
ReplyDeleteWhat stands out to me is gold hitting a record high at the same time stocks and bonds were under pressure. It shows how quickly investors shift toward safe-haven assets when there's uncertainty about tech valuations and government debt. I wonder if this trend will continue if the Fed does move ahead with rate cuts later this month, since that could make holding gold even more attractive.
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