“`html
Stocks reached all-time highs following NVIDIA’s strong earnings report, but major indexes faced a downturn after July’s personal consumption expenditures (PCE) price index readings, prompting expectations for a potential rate cut in September. Investors will be watching the August jobs report due at the end of next week, as market volatility is anticipated.
The markets will be closed on Monday, September 4, 2023, in observance of Labor Day in the U.S. This closure comes as investors may look to take profits ahead of a holiday weekend, amidst historically weaker market performance expected in September and October.
MongoDB Inc. saw its stock soar over 30% following a strong earnings report, while Palantir Technologies Inc.’s shares have dropped approximately 17% from their peak. Analysts are monitoring various stocks, including NIO and Qualcomm, amid fluctuating market conditions.
“`
