Skip to content
Risk warning: Our products are leveraged and carry a high level of risk, which can result in the loss of your entire capital. Such products may not be suitable for all investors. It is crucial to understand the risks involved fully.
  • Support
  • For Institutionals
  • Trading

    Trading Platforms

    • MetaTrader 4 Terminal
    • MetaTrader 5 Terminal
    • PAMM Accounts
    • Equinix Trading Server

    Markets coverage

    • Forex Currencies
    • Spot Metals
    • Commodities

     

    • CFDs on Stocks
    • Indices
    • CFDs on Crypto

    Start Trading

    • Standard Accounts For individuals
    • Institutional Account For professionals
    • Deposits & Withdrawals
  • Conditions

    Trading Conditions

    • Spreads Overview
    • Swap-Free
    • Leverage Information

     

    • CFD Specifications
    • Full Trading Conditions

    Invest on your terms

    Transparent pricing, reduced trading costs, and leverage that adapts to your strategy.

    Explore conditions
  • Tools
    • Weekly Outlook
    • Daily Technical
    • Market Commentary
    • Economic Calendar
    • News & Insights
  • About
    • About OnEquity
    • Company News
    • Legal Documentation
    • Client Protection
    • Help & Support
    • FAQs
  • Partners
Edit Content
  • English
    ACTIVE
Other languages:
  • Español – Spanish
  • Português – Portuguese
  • English – International
  • Trading
    • Markets Coverage
    • MetaTrader 5 Platform
    • MetaTrader 4 Platform
    • Standard Accounts
    • Institutional Account
    • PAMM Accounts
    • Equinix Trading Server
    • Deposits & Withdrawals
  • Conditions
    • Spreads Overview
    • Leverage Information
    • Swap-Free Trading
    • CFD Specifications
    • Full Trading Conditions
  • Tools
    • Daily Technical
    • Weekly Outlook
    • Market Commentary
    • Economic Calendar
    • News & Insights
  • About
    • About OnEquity
    • Company News
    • Legal Documentation
    • Client Protection
    • Help & Support
    • FAQs
  • Partners
  • Client Portal
  • Open Account
Edit Content
  • English
    ACTIVE
Other languages:
  • Español – Spanish
  • Português – Portuguese
  • English – International
Open Account
Client Portal
Stocks

U.S. Futures Markets Fall, Weakness Continues on Nvidia’s Steep Decline

September 4, 2024 OnEquity

U.S. stocks fell on Wednesday, signaling an extension of the sharp losses recorded in the past session on concerns about the economic slowdown.

Wall Street’s major indexes fell sharply on Tuesday as U.S. investors returned from the Labor Day holiday after disappointing data on manufacturing activity stirred concerns about the economy’s outlook.

The Dow Jones Industrial Average lost around 600 points, or 1.5%. The S&P 500 fell 2.1%, its worst day since August, while the tech-heavy Nasdaq Composite slumped nearly 3.3%.

Nvidia Continues to Fall

On a historic day, shares of Nvidia Corporation (NVDA) posted their worst one-day drop in history on Tuesday, plunging more than 9% and losing $279 billion in market capitalization.

It was reported during after-hours trading that the DOJ sent subpoenas to Nvidia and other companies, intensifying the investigation into the dominant artificial intelligence computing vendor. Nvidia shares fell 1% in pre-market trading.

Volatility in the market may be palpable as investors await Friday’s vital U.S. jobs report, which is expected to provide related information on the health of the U.S. economy and significantly influence the pace of interest rate tightening by the Federal Reserve.

Ahead of the jobs report, the Job Openings and Labor Turnover Survey will be released and is expected to indicate that the number of available jobs fell in July to 8.090 million.

In June, the figure was down slightly to 8.184 million.

Corporate Profits Continue

In individual stock market movements, shares of Zscaler (ZS) lost about 15% despite suggestions that its estimates could be conservative.

Asana (ASAN) shares fell about 14% after reporting a challenging quarter and announcing a change in its CFO. PagerDuty (PD) also saw its shares fall by nearly 14% after cutting its revenue forecast.

On the positive side, Clover Health Investment Corp (CLOV) shares gained about 6% as its counterparty unit won a contract from the Iowa Clinic, and GitLab (GTLB) shares jumped 18% after solid results and an upgraded forecast.

Market participants are somewhat impatiently awaiting the next U.S. employment report, which is expected to play a key role in the Fed’s decision on whether to implement a 25 basis point rate cut or instead apply a 50 basis point cut on September 18.

  • Stocks
  • Wall Street

Post navigation

Previous
Next

Search

Categories

  • Analysis (220)
  • Beginner (24)
  • Cryptos (146)
  • Currencies (189)
  • Daily Technical (148)
  • Education (64)
  • Expert (23)
  • Intermediate (17)
  • Markets (438)
  • News & Releases (22)
  • Stocks (292)
  • Uncategorized (1)
  • Weekly Outlook (70)

Recent posts

  • Daily Technical Analysis EUR/USD: remains stable at close to 1.1570 as markets assimilate the Fed’s forecasts
  • Trump May Sign Executive Order Targeting Banks That Discriminate Against Crypto Firms
  • Fundamental Analysis of European and U.S. Stock Markets – August 5, 2025

Tags

Analysis Bitcoin Cardano CPI Crypto Cryptocurrencies Currencies Daily Dollar earnings Education Elections ETF ETFs Ethereum Euro Fed Index inflation Litecoin Market Markets Nasdaq oil Outlook Pound Ripple SEC Solana Stablecoin Stock Market Stocks Stocks Market Stocks today Technical Technical Analysis Technology Tether Trading Trump Wall Street Weekly Weekly Outlook Yen Yuan

Related posts

Markets, Stocks

U.S. stock futures keep bouncing back; Palantir is making a big impression

August 5, 2025 Carlos Sereno

U.S. stock index futures rose slightly on Tuesday, extending Wall Street’s recovery as earnings season continues to unfold. As of 05:45 ET (09:45 GMT), Dow Jones futures were up 65 points (0.1%), S&P 500 futures gained 10 points (0.1%), and Nasdaq 100 futures added 38 points (0.2%). Monday’s gains helped reverse last week’s steep losses, […]

Markets, Stocks

U.S. stock futures rise on heightened hopes for interest rate cuts

August 4, 2025 Carlos Sereno

U.S. stock futures advanced early Monday, recovering from last week’s payrolls-driven sell-off as expectations for lower interest rates buoyed investor sentiment.At 06:49 ET (10:49 GMT), Dow Jones futures were up 252 points (0.6%), S&P 500 futures gained 39 points (0.6%), and Nasdaq 100 futures rose 177 points (0.8%). Wall Street’s major indexes closed sharply lower […]

Stocks

U.S. Stock Futures Fall After Record Highs, Powell and Musk Draw Trump’s Rage

July 1, 2025 OnEquity

U.S. stock futures edged lower on Tuesday, easing from record highs as investors weighed trade and fiscal policy headlines and positioned ahead of key labor market data due later this week.At 06:00 ET (10:00 GMT), Dow Jones futures were down 28 points (-0.1%), S&P 500 futures fell 12 points (-0.2%), and Nasdaq 100 futures declined […]

  • Privacy policy
  • Client agreement
  • Legal
  • Support
  • +2484671965
  • [email protected]
  • Chat with us
Company
  • About us
  • Regulation
  • Safety of funds
  • Company news
  • Insights
  • FAQ
Account options
  • Standard accounts
  • Institutional account
  • PAMM accounts
  • Swap-free account
Conditions
  • Spreads overview
  • Leverage tiers
  • CFD specifications
  • Markets coverage
Trading tools
  • MetaTrader 5
  • MetaTrader 4
  • Equinix trading server
  • Economic calendar
  • Daily technical
  • Weekly outlook
  • Market commentary
OnEquity Ltd is incorporated in Seychelles as a Securities Dealer with License No. SD154, authorized by the Seychelles Financial Services Authority (FSA), adhering to the Consolidated Securities Act, 2007. Registration No. 810588-1.

The website is operated and provides content by the OnEquity group of companies, which include:

OnEquity SA (Pty) Ltd, incorporated in South Africa, Company reg. 2021/321834/07, regulated by the Financial Sector Conduct Authority (FSCA) with FSP No. 53187.

OnEquity LLC, recognized by the Registrar of International Business Companies and the Financial Services Authority in St. Vincent and the Grenadines, Registration No. 286 LLC 2020.

ONEQ Global Ltd, registered in Cyprus, Company reg. HE 435383, located at Agias Zonis 22, Limassol, focusing on comprehensive service solutions within the OnEquity Group.
Risk Disclosure: Trading in financial instruments involves substantial risk and may not be suitable for all investors. The value of investments is volatile and can result in total loss of capital. Investors should consider their financial situation, investment experience, and risk tolerance, and may seek professional advice. Past performance is not indicative of future results.

Eligibility: Services are available to individuals 18 years or older.

Restricted Jurisdictions: The content provided by OnEquity is not intended for residents of the United States, Canada, North Korea, Yemen, Iran, Belgium, Syria, or any jurisdiction where such distribution or use would be contrary to local law or regulation.

All trademarks™ and brand names belong to their respective owners and are used here for identification purposes only. Use of these names does not imply endorsement.
© OnEquity. All Rights Reserved.