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
Friday marked a fifth consecutive day of closing records for the S&P 500
Chip stocks were under pressure
The Dow Jones Industrial Average
Nvidia’s 2.8% fall led the tech-heavy index’s decline
The S&P 500 wavered after hitting new records on Friday, as investors took some profit near the end of a solid week centered on President Donald Trump’s return to the White House.