AllMarket Update
logoArgusSeptember 05, 2024

Market Update: CPRT, PPL, TSN

Sector(s)
Utilities, Industrials, Consumer Defensive
Summary

Stocks are generally lower. There is a hyper-focus on the labor market this week, especially ahead of the Fed's rate meeting mid-month. The big question is whether the labor market is weaker than originally thought. Fresh data came in this morning. First, this morning, private payrolls data came in weaker than expected. The ADP Employment report printed at 99,000 new jobs for August, much lower than the 140,000 expected. Second, Weekly Jobless Claims cam

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