Stocks dip entering September, historically the market's worst month
Description
US stock futures (DJI, IXIC, GSPC) fell on Tuesday, the first trading day after the Labor Day weekend holiday. September, historically the market's worst month, is especially unique this time around as the Federal Reserve gears up for its first interest rate cut and August's jobs report this Friday, September 6.
Takeaway:
- Markets are looking ahead to the avalanche of economic data due out this week.
- Semiconductor maker Broadcom (AVGO) will report fiscal third quarter earnings on Thursday, September 5
- Brazil's Supreme Court upheld a decision to ban Elon Musk's social media platform (formerly Twitter) over misinformation concerns
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