US Stocks Plunge, Eyes on Jobs Report & Earnings

US stocks experienced a notable decline this week, with both the S&P 500 and Nasdaq closing below a crucial technical indicator for the first time since April. The drop accelerated in the afternoon, with all three major indexes trading below their fifty-day moving averages, indicating a shift in investor sentiment. This week will conclude the quarterly earnings season with reports from major retailers like Walmart, Home Depot, and Target, with Home Depots shares ending the day lower due to market nervousness. Investors are also eagerly awaiting the September jobs report, scheduled for Thursday, to gain insights into consumer spending and Nvidias earnings, as the market consolidates after a strong rally since April. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.