Pre-Market Briefing on Sep 2: Broadcom (AVGO) Reports Tonight – Can It Deliver on Its $16B AI Guidance?
On September 1st, the US stock market closed with all three major indexes falling: the Nasdaq fell 1.03%, the S & P 500 fell 0.70%, and the Dow Jones Industrial Average fell 0.79%. Pressure came from the surge in crude oil and the rise in the yield of 10-year US Treasury bonds to about 4.79%. However, on the same day, energy was rising - the star of the day was Chevron (CVX), which rose 2.38% in a single day to close at $211.05, while Schlumberger (SLB), which also belongs to the energy sector,