Stock Market News

Two concrete index-moving events: Robinhood will be added to the S&P 500, triggering passive reweights ahead of the Sept. 22 effective date; Broadcom reported a stronger-than-expected quarter and disclosed a large, multi‑billion-dollar AI chip order, lifting semiconductor and Nasdaq-linked stocks.

A much-weaker-than-expected U.S. payrolls report sent Treasury yields tumbling and increased bets on Fed easing, while Broadcom's AI-driven results and upbeat guide lifted tech-heavy indexes. The twin moves created a split tape: growth-sensitive tech rallied early as banks and cyclicals lagged.

Cooling jobs data (ADP +54K; initial claims 237K) reinforced odds of an imminent Fed cut, while Broadcom topped revenue expectations and guided higher, citing over $10B in new AI infrastructure orders — a boost for tech-heavy S&P 500 and Nasdaq exposure.

A soft labor beat and a Nasdaq filing reshaped near‑term positioning: weekly claims and ADP payrolls lowered near‑term Fed rate expectations, while Nasdaq proposed stricter listing standards aimed at combating thin floats and manipulation — a move that could reshape small‑cap listings and index composition.

A federal judge limited Google’s exclusive search deals while allowing some partner payments, lifting Alphabet and Apple shares. Separately, Nasdaq proposed stricter listing rules—higher public‑float minimums, a $25M fundraising threshold for China‑based issuers and faster delisting for tiny, thinly traded stocks—pending SEC approval. The twin developments alter competitive and exchange rule dynamics that affect large tech names and small‑cap listings.

A U.S. judge rejected a breakup of Google but imposed behavioral remedies, sending Alphabet and other tech names higher. Softer JOLTS job openings and a Fed official’s call for a September rate cut increased rate-cut odds, boosting S&P 500 and Nasdaq while energy losses weighed on the Dow.