Here are the main market catalysts and closing values for the major US indexes on Tuesday, September 1, 2020.

The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite gained on Tuesday, according to CNBC.

  • The Dow Jones Industrial Average gained 215.61 points, or 0.80 percent, to close at 28,645.66.
  • The S&P 500 gained 0.80 percent to close at 3,526.65.
  • The Nasdaq Composite gained 1.40 percent to close at 11,939.67.

September is a historically tough month for stocks, but this was a solid start. The S&P 500 and Nasdaq Composite both closed at record highs.

Manufacturing data was better than expected. The Institute for Supply Management stated that the manufacturing PMI was 56 in August, a 19-month high. “As the economic recovery continues, I think you will see a broadening of the stocks participating in this rally,” said one strategist.

Apple gained 4 percent after multiple analysts raised their price targets. Walmart surged 6 percent after announcing that its membership program will launch later this month. Tesla fell 4 percent.

On Wednesday keep an eye out for:

  • Weekly mortgage application data.
  • The release of US private payrolls.
  • Dating app Bumble is preparing to IPO with a valuation between 6-8 billion.
  • Hong Kong's richest man has an $11 billion stake in Zoom that represents 1/3 of his wealth.
  • Crowdstrike and Copart are reporting earnings.
  • EIA Crude Oil Stocks change.

To See a Full List of Things to Look For Today Click Here.


Economics, Finance and Investing