All three major US indices recovered a lot from where they started this morning. Not a bad start for September (given its reputation based on historical precedence). Nasdaq was perhaps slammed by the news that US would impose restrictions on selling certain chips (for advanced apps such as AI) to China. Most Semiconductor companies (microprocessors makers specifically) got hammered. I think Broadcom reports this week. That should provide some insights into semiconductor space in general. Jobs report comes out tomorrow. That should also provide insight into the state of economy (and the rate hike decision as it might be a parameter in FOMC's decision-making).
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