4H Chart: Consolidation phase, Daily Structure: Strong Bullish Candle; trading above 20 SMA
The Nasdaq rose 0.45% to a record high on Monday, driven by strong gains in Nvidia and Broadcom. The Dow Jones added 0.25%, while the S&P 500 advanced 0.21%.
Weak August jobs data reinforced expectations of a September Fed rate cut, with markets even pricing in the possibility of a 50 bps reduction.
On the corporate side, Fox fell 3% on Murdoch family news, while Dell slipped 1.2% following the resignation of its CFO.
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