U.S. equities kicked off the week on a weaker note Tuesday, falling sharply at the opening bell after the three-day Labor Day weekend. However, markets have since pared back some of those early losses as investors assess economic data and brace for upcoming Federal Reserve commentary.
The Dow Jones Industrial Average slid more than 250 points at the open before trimming its decline. The S&P 500 and Nasdaq Composite followed a similar pattern, both dropping initially but stabilizing as buying interest emerged in technology and energy shares.$BTC
Market sentiment remains cautious as traders weigh the path of interest rates, inflation pressures, and signs of slowing growth. Treasury yields rose slightly, adding to the pressure on stocks, while oil prices extended gains, providing support to energy companies.
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week’s focus will likely remain on fresh economic reports, including jobless claims and consumer spending data, along with remarks from Federal Reserve officials that could signal the central bank’s next move.
Despite the rocky start, analysts suggest that the ability of major indexes to rebound from early lows may point to underlying resilience in investor appetite, though volatility is expected to persist in the ne$BTC ar term.