Market Performance - On September 3, U.S. stock indices showed mixed performance, with the Dow Jones down 0.05%, the Nasdaq up 1.02%, and the S&P 500 up 0.51% [1] Technology Sector - Following a federal court ruling on the Google antitrust case, the S&P 500 rose, reflecting optimism about tech giants' ability to withstand regulatory threats. Google shares surged over 9%, reaching an all-time high. The court ruled that Google can retain its Chrome browser but cannot enter exclusive search agreements and must share search data [3] - Other major tech stocks also saw gains, with Apple up over 3%, Tesla up over 1%, and slight increases for Amazon, Facebook, and Microsoft, while Nvidia experienced a minor decline [3] Stock Movements - Notable stock movements included Campbell Soup up over 7%, Deacon Medical up over 6%, and Western Digital up nearly 5%. Conversely, Dollar Tree fell over 8%, and Intuitive Surgical dropped nearly 6% [5] Commodity Market - COMEX gold futures continued to rise, closing up 0.77% at $3,619.77 per ounce, while COMEX silver futures rose 0.52% to $41.81 per ounce [6] Economic Indicators - The Federal Reserve's Beige Book indicated price increases across regions, with ten districts reporting "moderate or slight" inflation and two experiencing "strong input price growth." Consumer spending remained flat or declined due to wages not keeping pace with rising prices [7][8] - The labor market showed stagnation, with 11 districts reporting no net change in employment levels, and a decrease in immigrant workers noted in several regions [8] Employment Data - The U.S. job market showed signs of weakness, with July's employment report revealing a drop in job openings to 7.18 million, the lowest in ten months, and for the first time since April 2021, job openings fell below the number of unemployed workers [9] - The healthcare and social assistance sectors saw the largest decline in job openings, while hiring remained flat across most industries [9] Federal Reserve Outlook - Market expectations for a rate cut by the Federal Reserve have increased, with a 96.6% probability of a 25 basis point cut in September. Fed officials expressed concerns about the labor market's downward risks and the challenges of balancing inflation and employment [10][12][14] - Minneapolis Fed President Kashkari noted that while inflation remains high, there are signs of cooling in the job market, suggesting potential for future rate reductions [13][14]