Financial markets exhibit signs of weakness, with Broadcom and Tesla sustaining strength, while AMD and Nvidia enter a period of economic downturn.
The U.S. jobs market took a hit in August, with job creation falling short of expectations. The month saw job losses in June and downwards revisions for previous months, causing a ripple effect in the economy. This unexpected job data virtually ensures a Fed rate cut in mid-September.
In the stock market, the Dow Jones ended 0.5% lower at 45,400.86 points on Friday, while the S&P 500 closed 0.3% lower at 6,481.50 points. The Nasdaq 100 inched up 0.1% to 23,652.44 points on the same day.
One notable exception was Guidewire Software, whose stock jumped over 20% today following strong quarterly results. This AKTIONÄR tip, first recommended, is now up 150% since the recommendation.
In the tech sector, Broadcom's stock surged over 10% to a record high after strong quarterly results and AI buzz. Tesla shares rose 3.6% following the announcement of a massive compensation package for CEO Elon Musk worth up to $55 billion. Tesla's investors cheered Musk's billion-dollar deal. However, Nvidia (-2.7%) and AMD (-6.4%) experienced losses as investors fear market share losses to competitors.
Meanwhile, Lululemon's stock plummeted over 18% after sharply lowering its annual targets. Nike lost 2% in the wake of Lululemon's stock drop. OpenDoor Technologies' stock temporarily surged over 13% boosted by weak U.S. jobs data fueling rate cut hopes and ongoing enthusiasm from the meme trader community.
The EU fined Google 2.95 billion euros in August 2025 for abusing its dominant position in the online advertising market. The fine was imposed for preferentially favoring its own ad services, notably its AdX platform, which created conflicts of interest and harmed competing providers. Alphabet, Google's parent company, faces a billion-dollar fine from the EU, details of which are yet to be announced.
In other news, UBS analyst Joseph Spak called the compensation package for Tesla's CEO a clear signal of the company's enormous future potential. Shareholders will vote on it on November 6.
Broadcom's new price targets have been announced, but details remain undisclosed. Micron and ASML also saw gains in the Nasdaq.
The stock market's ups and downs continue to reflect the ever-changing economic landscape, with the Fed rate cut looming on the horizon as a potential game-changer.
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