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higher today as bond yields decline on expectations that the Fed will start cutting interest rates as soon as this month.  Today’s weak US labor market reports knocked bond yields lower and reinforced speculation that the Fed will cut rates as soon as the September 16-17 FOMC meeting after today’s Aug ADP employment change rose less than expected and weekly jobless claims rose to a 10-week high.  The 10-year T-note yield fell to a 4-month low of 4.17%, and the swaps market shows the chances of a Fed rate cut this month rising to 95%.Tesla Now Has an India Problem. What Does That Mean for Hard-Hit TSLA Stock?Is Nvidia Stock a Buy Below $175?CoreWeave Just Gave This Data Center Stock a Big Boost. Should You Buy Shares Now?Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now!Stocks maintained their gains on signs of strength in the service sector after the Aug ISM services index expanded at the fastest pace in six months.Meanwhile, stocks are being undercut by weakness in chipmakers, led by a -5% fall in Texas Instruments after CFO Lizardi cautioned that the recovery in chip demand is not quite snapping back as some have hoped.The Aug ADP employment change rose +54,000, weaker than expectations of +68,000.US weekly initial unemployment claims rose by +8,000 to a 10-week high of 237,000, showing a weaker labor market than expectations of 230,000.US Q2 nonfarm productivity was revised upward to +3.3% from the previously reported +2.4%, better than expectations of +2.7%.  Q2 unit labor costs were revised downward to +1.0% from the previously reported +1.6%, weaker than expectations of +1.2%.The US Aug ISM services index rose +1.9 to 52.0, stronger than expectations of 51.1 and the strongest pace of expansion in six months.Looking ahead to Friday’s US economic reports, Aug nonfarm payrolls are expected to rise by +75,000, and the Aug unemployment rate is expected to rise by 0.1 to 4.3%.  Aug average hourly earnings are expected to increase +0.3% m/m and +3.7% y/y.Regarding tariffs, a federal appeals court ruled late last Friday that President Trump exceeded his authority by imposing global tariffs without Congressional approval, but the court let the tariffs remain in place while appeals continue.  The US Court of Appeals for the Federal Circuit Court said, “The statute bestows significant authority on the President to undertake a number of actions in response to a declared national emergency, but none of these actions explicitly include the power to impose tariffs, duties, or the like, or the power to tax.” The case now appears to be headed to the Supreme Court for a final decision.  According to Bloomberg Economics, the average US tariff will rise to 15.2% if rates are implemented as announced, up from 13.3% earlier, and significantly higher than the 2.3% in 2024 before the tariffs were announced.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,481.50 -20.58 (-0.32%)Dow 3045,400.86 -220.43 (-0.48%)Nasdaq21,700.39 -7.30 (-0.03%)Russell 20002,391.05 +11.43 (+0.48%)VIX15.18 -0.12 (-0.78%)Gold3,639.80 +33.10 (+0.92%)PortfolioSign in to access your portfolioSign inTop gainersGWRE Guidewire Software, Inc. 260.71 +43.72 (+20.15%)IOT Samsara Inc. 42.09 +6.25 (+17.44%)KRMN Karman Holdings Inc. 62.52 +9.14 (+17.12%)LCID Lucid Group, Inc. 18.41 +2.25 (+13.92%)TTAN ServiceTitan, Inc. 113.99 +13.68 (+13.64%)Top losersLULU lululemon athletica inc. 167.80 -38.29 (-18.58%)AGX Argan, Inc. 211.51 -26.32 (-11.07%)KVUE Kenvue Inc. 18.62 -1.92 (-9.35%)HTFL HeartFlow, Inc. 31.07 -3.01 (-8.85%)ASAN Asana, Inc. 13.46 -1.17 (-8.00%)Most activeOPEN Opendoor Technologies Inc. 6.65 +0.69 (+11.58%)NVDA NVIDIA Corporation 167.02 -4.64 (-2.70%)KVUE Kenvue Inc. 18.62 -1.92 (-9.35%)TSLA Tesla, Inc. 350.84 +12.31 (+3.64%)SNAP Snap Inc. 7.31 +0.22 (+3.10%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersHOOD Robinhood Markets, Inc. 101.25 -1.66 (-1.61%)APP AppLovin Corporation 490.24 -9.73 (-1.95%)AMD Advanced Micro Devices, Inc. 151.14 -10.65 (-6.58%)MSTR Strategy Inc 335.87 +8.28 (+2.53%)KVUE Kenvue Inc. 18.62 -1.92 (-9.35%)Top economic events