{"id":5314,"date":"2024-09-08T22:20:52","date_gmt":"2024-09-09T02:20:52","guid":{"rendered":"https:\/\/envisionco.net\/?p=5314"},"modified":"2024-09-08T22:20:52","modified_gmt":"2024-09-09T02:20:52","slug":"week-ending-9-6-2024","status":"publish","type":"post","link":"https:\/\/envisionco.net\/?p=5314","title":{"rendered":"Week Ending 9\/6\/2024"},"content":{"rendered":"<p><strong>MARKET RECAP<\/strong><\/p>\n<div class=\"markdown markdown-main-panel tutor-markdown-rendering\" dir=\"ltr\">\n<ul data-sourcepos=\"3:1-32:0\">\n<li data-sourcepos=\"3:1-12:0\">\n<p data-sourcepos=\"3:3-3:33\"><strong>Overall Market Performance:<\/strong><\/p>\n<ul data-sourcepos=\"4:5-12:0\">\n<li data-sourcepos=\"4:5-4:76\">The SP500 lost 4.25% and the Nasdaq dropped 5.77%. NVDA dropped by 13.86% and AVGO by 15.86%.<\/li>\n<li data-sourcepos=\"5:5-5:91\">The S&amp;P 500 fell for three consecutive days leading up to the August jobs report.<\/li>\n<li data-sourcepos=\"6:5-6:110\">Tech stocks saw a significant selloff on Friday, resulting in the Nasdaq&#8217;s worst week since early 2022.<\/li>\n<li data-sourcepos=\"7:5-10:75\">The market downturn was triggered by growth worries, a possible recession, and a subsequent drawdown in earnings.<\/li>\n<\/ul>\n<ul data-sourcepos=\"14:5-22:0\">\n<li style=\"list-style-type: none;\" data-sourcepos=\"20:5-22:0\">\n<ul data-sourcepos=\"21:9-22:0\">\n<li data-sourcepos=\"21:9-22:0\"><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li data-sourcepos=\"23:1-27:0\">\n<p data-sourcepos=\"23:3-23:24\"><strong>Key Economic Data:<\/strong><\/p>\n<ul data-sourcepos=\"24:5-27:0\">\n<li data-sourcepos=\"24:5-24:112\">August jobs report: 142,000 jobs added, below expectations of 165,000. Prior two months were revised down by 85,000.<\/li>\n<li data-sourcepos=\"25:5-25:77\">Unemployment rate dropped to 4.22% from 4.26%.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>SCOREBOARD<\/strong><\/p>\n<p data-sourcepos=\"33:1-33:205\"><a href=\"https:\/\/envisionco.net\/wp-content\/uploads\/2024\/09\/Scoreboard-09-06-2024.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-5315\" src=\"https:\/\/envisionco.net\/wp-content\/uploads\/2024\/09\/Scoreboard-09-06-2024-75x300.png\" alt=\"\" width=\"75\" height=\"300\" srcset=\"https:\/\/envisionco.net\/wp-content\/uploads\/2024\/09\/Scoreboard-09-06-2024-75x300.png 75w, https:\/\/envisionco.net\/wp-content\/uploads\/2024\/09\/Scoreboard-09-06-2024-257x1024.png 257w, https:\/\/envisionco.net\/wp-content\/uploads\/2024\/09\/Scoreboard-09-06-2024-514x2048.png 514w, https:\/\/envisionco.net\/wp-content\/uploads\/2024\/09\/Scoreboard-09-06-2024.png 573w\" sizes=\"auto, (max-width: 75px) 100vw, 75px\" \/><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>MARKET RECAP Overall Market Performance: The SP500 lost 4.25% and the Nasdaq dropped 5.77%. NVDA dropped by 13.86% and AVGO by 15.86%. The S&amp;P 500 fell for three consecutive days leading up to the August jobs report. Tech stocks saw &hellip; <a href=\"https:\/\/envisionco.net\/?p=5314\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1893,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5314","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/5314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/users\/1893"}],"replies":[{"embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5314"}],"version-history":[{"count":1,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/5314\/revisions"}],"predecessor-version":[{"id":5316,"href":"https:\/\/envisionco.net\/index.php?rest_route=\/wp\/v2\/posts\/5314\/revisions\/5316"}],"wp:attachment":[{"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/envisionco.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}