Stocks Post Worst Week In Over A Year

September 6, 2024

MRKT Matrix - Friday, September 6th

• S&P 500 falls 1% Friday, heads for worst week in a year on tech selling, weak jobs report (CNBC)

• Hiring Softened This Summer, Teeing Up Fed Rate Cuts (WSJ)

• Summers Says Jobs Weakness Makes It Closer Call on Fed Going 50 (Bloomberg)

• Fed’s Waller Says Jobs Data ‘Requires Action,’ Open to Big Cut (Bloomberg)

• Yellen Says Jobs Report Confirms Labor Market ‘Quite Healthy’ (Bloomberg)

• ‘Don’t be a hero’ in this market, BofA’s equity chief says (CNBC)

• Nvidia’s $400 Billion Tumble This Week Makes Bitcoin Look Calm (Bloomberg)

• Super Micro Computer is among the most oversold names on the Street. Here are the others (CNBC)

• Everything to Expect From Apple’s iPhone 16 Launch on Sept. 9 (Bloomberg)

• Funds With $350 Billion Are Exposed to S&P’s New Index-Cap Rules (Bloomberg)

• The NFL Is Back—and It’s Never Cost More to Watch (WSJ)

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