United States stocks started September on a cautious note, with all major indices closing in the red. The Standard and Poor's Five Hundred dropped by over one percent, losing more than sixty points to end near six hundred and forty. The Dow Jones Industrial Average fell about zero point nine percent, shaving off more than four hundred points to finish around forty-five thousand one hundred and twenty-eight. The Nasdaq Composite led the declines with a fall of more than one point one percent, dropping over sixty points to settle close to five hundred and sixty-four. Today’s weakness was driven primarily by fresh concerns over rising Treasury yields, new uncertainties around tariffs, and a record-breaking surge in gold prices, which briefly hit three thousand five hundred United States dollars per ounce according to Times of India before easing back. Big technology stocks faced the brunt, with Amazon and Alphabet each sliding more than two percent. Defensive sectors like utilities and healthcare managed modest gains as investors rotated out of growth areas, while industrials and energy lagged behind, pressured by a sixth consecutive month of contraction in United States manufacturing, reflected in an Institute for Supply Management manufacturing reading of forty-eight point seven as reported by Rhys Northwood.

Among the most actively traded names, tech leaders including Amazon and Alphabet saw significant volume. The session’s biggest percentage losers included several semiconductor and cloud computing stocks, while traditional safe havens outperformed. Gold’s spike reflected flight to safety, and the government’s monthly data showed industrial production was only up one point four three percent year-over-year, signaling continued economic softness. The labor market is also cooling, with job openings dropping to seven point four million. Investors are keeping a close eye on Friday’s official August employment report, which could set the stage for the Federal Reserve’s next move; many on Wall Street expect the central bank could cut rates as much as seventy-five basis points by the end of the year. Pre-market futures for tomorrow point to a slightly higher open if bond markets stabilize, but a volatile session is likely if trade and rate cut debates intensify. Notable earnings tomorrow include major healthcare and manufacturing firms, and traders are watching out for guidance from consumer companies and chip makers. The biggest catalysts ahead remain Friday’s jobs data and any surprise from Congressional action on tariffs or central bank commentary. Thanks for tuning in and remember to subscribe. This has been a Quiet Please production, for more check out quiet please dot ai.

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