Stock Market Update: Dow Falls 249 Points Amid Losses in Nvidia and Kraft Heinz

The Dow Jones Industrial Average and major indexes ended with significant losses on Tuesday, with Nvidia contributing to the decline. Despite this, the Dow recovered from its lows, with most stocks closing lower. Warren Buffett expressed dissatisfaction with the Kraft Heinz breakup. The stock market today was marked by mixed performances, with Nvidia extending its streak and Palantir experiencing a notable change.

The Dow Jones Industrial Average and major indexes closed with significant losses on Tuesday, September 1st, marking the first trading day of the month. The Dow Jones Industrial Average dropped 249.07 points, or 0.55%, to finish at 45,295.81 [1]. The S&P 500 and the Nasdaq Composite also declined 0.69% and 0.82%, closing at 6,415.54 and 21,279.63, respectively [1].

Despite the overall losses, the Dow recovered from its lows, with most stocks closing lower. Nvidia (NVDA) contributed to the decline, falling nearly 3% and dropping below its 50-day moving average for the first time since early May [3]. The 50-day moving average, a technical indicator, is considered the first line of resistance in a downtrend. However, Nvidia remains up about 26% year-to-date [3].

Warren Buffett expressed dissatisfaction with the Kraft Heinz breakup, which has been a subject of interest for investors. The stock market today was marked by mixed performances, with Nvidia extending its streak and Palantir (PLTR) experiencing a notable change.

Analysts at UBS have stated that stock market record highs are "no reason for concern." Even though September is historically a weak season for equity returns, UBS pointed out that corporate earnings remain strong and that the Federal Reserve's upcoming rate cutting cycle could be a catalyst for the market moving forward [2]. UBS highlighted U.S. technology, health care, utilities, and financials as attractive sectors for investors.

Google parent Alphabet is missing out on a major monetization opportunity, according to D.A. Davidson analyst Gil Luria. Luria said there appears to be significant interest from frontier artificial intelligence labs to physically purchase TPUs, or Tensor Processing Units, if Google begins to sell them outside of its own internal configurations [4].

Costco (COST) remains a "market share gainer," according to analyst Chuck Grom. The analyst reiterated his buy target and $1,200 price target on the stock, implying shares could jump more than 27% from Friday's closing level. Shares are down about 4.8% quarter-to-date, but still 2.8% higher this year [5].

Morgan Stanley stands by Voya Financial (VOYA) as a "favorite name." The analyst reiterated its overweight rating on the stock, noting that the company's valuation still looks attractive given its long-term potential [6].

Bitcoin (BTC) bucked the stock market downtrend but lagged gold's rally. Bitcoin edged higher by 1% to reclaim the $111,000 level, as stocks fell and gold shot to a new record [7]. Frontier Airlines (ULCC) shares soared on Tuesday after Spirit Airlines filed for Chapter 11 bankruptcy protection for the second time in a year [8].

References:
[1] https://www.cnbc.com/2025/09/01/stock-market-today-live-updates.html
[2] https://www.cnbc.com/2025/09/01/stock-market-today-live-updates.html
[3] https://www.cnbc.com/2025/09/01/stock-market-today-live-updates.html
[4] https://www.cnbc.com/2025/09/01/stock-market-today-live-updates.html
[5] https://www.cnbc.com/2025/09/01/stock-market-today-live-updates.html
[6] https://www.cnbc.com/2025/09/01/stock-market-today-live-updates.html
[7] https://www.cnbc.com/2025/09/01/stock-market-today-live-updates.html
[8] https://www.cnbc.com/2025/09/01/stock-market-today-live-updates.html