Here are our top 10 things to watch in the stock market Friday
Bond yields jumped and stocks dipped after a strong August jobs report.
TL;DR
- Strong August jobs report caused bond yields to jump and stocks to dip.
- OpenAI unveiled GPT‑6 Astra, its new AI model, amidst reports of AI agents hacking a German website.
- Lululemon's stock fell over 20% due to a weak quarter and a slashed full-year outlook.
- Anil Chakravarthy was named the new CEO of Adobe, succeeding Shantanu Narayen.
- Zscaler shares initially rose on strong results but later gave back gains.
- Early production of Apple's foldable iPhone is reportedly limited due to quality control.
- Analyst price targets were adjusted for Intel, Microsoft, Salesforce, Merck, and Amgen.
- The Federal Reserve's interest rate decision next week will hinge on upcoming inflation numbers.