Microsoft jumped 15% after reporting growth from its Azure business
Those losses added to declines seen in the previous session
Oil prices were off their lows of the day
the Nasdaq Composite gained 0.7%
Financial stocks such as Morgan Stanley came under pressure
Nvidia and Broadcom were two of the key winners Friday
The broad market index advanced 0.5%
The Nasdaq Composite fell 0.1%
Shares of oil refiner Valero Energy was among the winners of the day
Tesla shares were more than 1% lower
The three major averages are coming off a losing session, led by losses in tech
Stocks were coming off a winning session, led by tech names
U.S. crude oil also came under significant pressure on Tuesday
A pullback in tech stocks have weighed on the major averages this month
The Nasdaq Composite lost 0.8%
The AI trade has been under pressure recently
In the midst of the stoppage, concerns among investors around the strength of the U.S. economy have grown
The tech-heavy Nasdaq advanced 0.7%,
Several “Magnificent Seven” names are set to report this week
The all-items index showed an annual rate of 2.7%
Nvidia shares were down more than 2%
The ADP private payrolls report showed an increase of 54,000 in August
The Fed opened the door to rate cuts
the Nasdaq Composite fell 1.46% to settle at 21,314.95
The late-day gains mean the S&P 500 notched its third straight record close
Traders are pricing in a near 100% chance of a rate cut at the Fed’s September meeting
The Dow Jones Industrial Average climbed 206.97 points
The major averages saw sharp swings
The blue-chip index then recovered those losses Monday
President Donald Trump announced that a 25% duty on Mexican imports