S&P 500 Gains and Losses Today: Broadcom Drops as Chipmaker Posts Quarterly Loss

Blockhead09-07

Key Takeaways The S&P 500 lost 1.7% on Friday, Sept. 6, as weakness in the August jobs report added to uncertainty about the economy's stability.Broadcom shares plunged after the chipmaker reported a ...

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Underperformance in the communication and technology sectors weighed on the Nasdaq, which plummeted 2.6%.Dollar General  shares logged the top daily performance in the S&P 500, jumping 2.7%. The stock lost nearly a third of its value on Aug. 29 after the discount retailer reported weaker-than-expected results for the second quarter and lowered its full-year revenue forecast. ","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DG":"美国达乐公司","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","AVGO":"博通","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","SBAC":"SBA通信","AVGOP":"BROADCOM INC PFD SER A 22","ALB.AU":"Albion Resources Limited","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","SSO":"两倍做多标普500ETF","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","SDS":"两倍做空标普500ETF","BK4515":"5G概念","UPRO":"三倍做多标普500ETF","OEX":"标普100",".SPX":"S&P 500 Index","SPXU":"三倍做空标普500ETF","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","SH":"标普500反向ETF","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","UAL":"联合大陆航空","BK4511":"特斯拉概念","BK4512":"苹果概念","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","SPY":"标普500ETF","FSD":"First Trust High Income Long/Sho","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","IVV":"标普500指数ETF","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4141":"半导体产品","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","ALB":"美国雅保","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","JBLU":"捷蓝航空","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","LU1861558580.USD":"日兴方舟颠覆性创新基金B","OEF":"标普100指数ETF-iShares","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. VL \"A\" (USD) ACC","TSLA":"特斯拉","CCI":"冠城","VOO":"Vanguard标普500ETF","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A"},"translate_title":"标普500今日涨跌：芯片制造商博通股价下跌，芯片制造商公布季度亏损","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALB":1,"VOO":1,"UAL":1,"SPY":1,"SBAC":1,"JBLU":1,"FSD":1,"DG":1,"CCI":1,".SPX":1,"ALB.AU":1,"AVGO":1,"AVGOP":1,"TSLA":0.7,"OEF":0.6,"OEX":0.6,"SDS":0.6,"SH":0.6,"SPXU":0.6,"SSO":0.6,"UPRO":0.6,"ESmain":0.6,"IVV":0.6},"content_text":"Key Takeaways\nThe S&P 500 lost 1.7% on Friday, Sept. 6, as weakness in the August jobs report added to uncertainty about the economy's stability.Broadcom shares plunged after the chipmaker reported a quarterly loss and issued lower-than-expected sales guidance.Tesla shares fell amid reports on possible regulatory challenges for its full self-driving technology and questions about its market share in China.\n Major U.S. equities indexes plunged following the release of the latest employment report, which showed the economy added fewer jobs than expected in August.\n\n\n The most recent signal of labor market softness added to growing concerns about how the lengthy period of high interest rates affects the economy, perhaps adding a sense of urgency as Federal Reserve officials consider the timing and magnitude of rate cuts.\n\n\n The S&P 500 dropped 1.7%, while the Dow closed Friday's session 1.0%. Underperformance in the communication and technology sectors weighed on the Nasdaq, which plummeted 2.6%.\n\n\n Broadcom (AVGO) shares dove 10.4%, the biggest decline of any S&P 500 stock, after the chipmaker reported a loss for its fiscal third quarter and guided for current-quarter sales to come in below consensus estimates. Despite the strength of Broadcom's artificial intelligence (AI) segments, weakness in its broadband business and other divisions weighed on the results. Expenses related to Broadcom's acquisition of software firm VMware in November also contributed to the quarterly loss.\n\n\n Tesla (TSLA) shares slipped 8.5% on Friday, giving back the strong gains posted in the prior session after the electric vehicle (EV) maker announced plans to launch full self-driving (FSD) cars in Europe and China in early 2025. Friday's reversal came amid reports highlighting potential regulatory barriers to FSD approval, particularly in Europe, as well as a Financial Times story pointing to Tesla's market share struggles in China, where increasing sales of plug-in hybrid vehicles have intensified competition.\n\n\n Shares of Albemarle (ALB), the world's largest lithium miner, fell 6.9% as lithium prices remained under pressure. Lithium futures prices in China dropped to their lowest level since the launch of the contracts in July 2023, reflecting high supply levels. Moreover, uncertainty surrounding the U.S. presidential election raises questions about the future of policies designed to encourage electric vehicle (EV) adoption, which could shape the future trajectory of lithium demand.\n\n\n Dollar General (DG) shares logged the top daily performance in the S&P 500, jumping 2.7%. The stock lost nearly a third of its value on Aug. 29 after the discount retailer reported weaker-than-expected results for the second quarter and lowered its full-year revenue forecast. It fell again earlier this week when earnings from competitor Dollar Tree (DLTR) also underwhelmed. Despite the overhangs of macroeconomic pressure and restrained consumer spending, Dollar General's results included year-over-year sales growth in the consumables category.\n\n\n Shares of telecom infrastructure SBA Communications (SBAC) were up 2.2%. In its most recent earnings report, released in late July, the cellular tower operator reported better-than-expected adjusted funds from operations (AFFO), with growth in site leasing revenue driven by new leasing activity in international markets. Shares of communications infrastructure peer Crown Castle (CCI) gained 2.0%.\n\n\n United Airlines (UAL) shares climbed 2.0%. The gains for United followed positive comments from fellow carrier JetBlue (JBLU), which raised its full-year sales outlook on Thursday, noting strong summer travel demand. A decline in crude oil prices on Friday, suggesting a possibility of lower fuel costs ahead, provided an additional tailwind for United stock.\n\nDo you have a news tip for Investopedia reporters? Please email us at\ntips@investopedia.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2465962444"}