At open, Dow +0.1%, S&P 500 +0.4%, Nasdaq +0.7%

At open, Dow +0.1%, S&P 500 +0.4%, Nasdaq +0.7%

U.S. stock markets opened mixed on September 2, 2025, with the Dow Jones Industrial Average (DJIA) up 0.1%, the S&P 500 advancing 0.4%, and the tech-heavy Nasdaq Composite gaining 0.7%. The market's opening was influenced by a variety of factors, including the latest jobs report and expectations for a potential interest rate cut by the Federal Reserve.

The August jobs report, released on Friday, indicated a significant slowdown in the U.S. labor market. The economy added just 22,000 jobs in August, far below the expected 75,000, and the unemployment rate rose to 4.3%. This data has fueled speculation that the Federal Reserve will cut interest rates at its upcoming meeting, with traders now pricing in a 100% chance of a reduction [2].

Several companies saw notable movements in their stock prices. T. Rowe Price Group (TROW) surged 5.8% after announcing a partnership with Goldman Sachs (GS), which includes a potential $1 billion investment by Goldman Sachs in T. Rowe Price stock. Meanwhile, Williams-Sonoma (WSM) shares gained 5.6% following better-than-expected quarterly profit reports and analyst upgrades. Amazon (AMZN) stock rose 4.3% after JetBlue (JBLU) became the first airline to partner with Amazon's Project Kuiper satellite internet business [1].

Salesforce (CRM) shares slipped 4.9% despite topping sales and profit expectations for its fiscal second quarter. The company's guidance for revenue and earnings per share in the current quarter was below consensus forecasts, citing headwinds related to sales of its marketing and commerce products [1].

Investors also took note of a potential semiconductor tariff increase by President Trump, who confirmed that the tariffs would be implemented if production isn't shifted to the U.S. However, he offered an olive branch by considering exemptions for companies that increase domestic U.S. investments [3].

The August jobs report, which indicated a slowing labor market, has boosted expectations for additional interest rate cuts by the Federal Reserve. Investors may see this as a silver lining, as underwhelming jobs data could lead to more rate cuts, offsetting the negative impact [2].

In the tech sector, Broadcom (AVGO) shares jumped over 10% in premarket trading after reporting an upbeat outlook and signing a deal to build OpenAI's first chips. The company expects its AI-related semiconductor revenue to improve significantly in fiscal 2026 [3].

References:
[1] https://www.investopedia.com/s-and-p-500-gains-and-losses-today-t-rowe-price-amazon-stocks-rise-salesforce-sinks-after-soft-guidance-11803516
[2] https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-futures-rise-as-rate-cut-bets-rise-ahead-of-crucial-jobs-report-234501682.html
[3] https://www.fool.com/investing/breakfast-news/2025/09/05/breakfast-news-avgos-10b-openai-deal/