Weekly Market Recap:

U.S. equities closed lower, with the Dow down 2.72%, S&P 500 off 3.81%, and Nasdaq dropping 5.07%. The Russell 2000 declined by 5.17%. The S&P ended the week lower after three consecutive weekly gains. Tech, semiconductors, autos, and banks were among the biggest decliners, while homebuilders, REITs, and MedTech showed relative strength.

Gold fluctuated 0%, Bitcoin fell 6.7%, and WTI crude dropped 7.31%, marking its worst week since October 2022.

Notable Gainers:

• Frontier Communications Parent, Inc. (FYBR) +23.37%

• GitLab Inc. (GTLB) +12.00%

• Sportsman's Warehouse Holdings, Inc. (SPWH) +13.81%

Notable Decliners:

• Dollar Tree, Inc. (DLTR) -21.29%

• Sirius XM Holdings Inc. (SIRI) -17.02

• Broadcom Inc. (AVGO) -15.86%

The stock market took a hit this past week as a mix of tech sector struggles and a weaker-than-expected jobs report sent the major indices into a sea of red. The Nasdaq dropped over 2.5%, marking its worst week since June 2022, while the S&P 500 and Dow Jones fell 1.7% and 1%, respectively. The U.S. added just 142,000 jobs in August, below the forecasted 165,000, raising concerns about a cooling labor market. With the Federal Reserve's rate decision looming, there is now a 50-50 chance of a 50 basis point rate cut, up significantly from earlier predictions. Adding to the market’s troubles, chip stocks like Broadcom and Nvidia saw significant declines, dragging down the tech-heavy Nasdaq. While inflation seems to be cooling, investors are left wondering how much the Fed will cut rates, making the next few weeks critical for market stability.

Next Week:

Notable Earnings:

• Monday (9/9)

  • Oracle Corp. (ORCL)

  • Rubrik Inc. Cl A (RBRK)

• Tuesday (9/10)

  • GameStop Corp. Cl A (GME)

  • Petco Health & Wellness Co. Inc. (WOOF)

  • Dave & Buster's Entertainment Inc. (PLAY)

• Wednesday (9/11)

  • Manchester United Ltd. Cl A (MANU)

  • Oxford Industries Inc. (OXM)

• Thursday (9/12)

  • Adobe Inc. (ADBE)

  • Kroger Co. (KR)

Notable Ex-Dividend Dates:

• Monday (9/9)

  • Alphabet (GOOG) 0.50%

  • BlackRock (BLK) 2.46%

  • FedEx (FDX) 1.93%

• Tuesday (9/10)

  • Occidental Petroleum Co. (OXY) 1.50%

  • The Travelers Companies, Inc. (TRV) 2.00%

• Wednesday (9/11)

  • HP Inc. (HPQ) 3.04%

  • Kohl's Co. (KSS) 10.24%

• Thursday (9/12)

  • NVIDIA (NVDA) 0.03%

  • NXP Semiconductors (NXPI) 1.58%

• Friday (9/13)

  • Macy's (M) 4.37%

  • Coca-Cola (CO) 2.90%

  • Motorola Solutions (MSI) 0.90%

*Dividend Aristocrat