First Day of Stock Market Trading for September about to Begin

September trading on the stock market is about to open after the Labor Day weekend. The market indices closed relatively high on Friday as August ended and the holiday weekend began.

Today will mark the first day of trading for the new month, and the Dow Jones Industrial Average is currently closed at 0.55% higher than it was on the previous day of trading. The S&P 500 closed high as well, with a 1.01% increase. The Nasdaq Composite closed with a 1.13% gain as well.

Once the market opens for Tuesday, we expect the overall market to remain high. There are a few positive factors at work in the stock market that could help keep it climbing this week.

The biggest one is the upcoming interest rate cuts. These have been a long time in coming and are expected to be issued by the Federal Reserve later this month. After months of delays all throughout 2024, primarily due to high inflation, the interest rate cuts should be a boon for the market.

What We Expect from the Stock Markets

The US stock market is set to climb further thanks to recent positive jobs data that indicates a growing economy. However, some of the major stocks that have done well this year are struggling currently.

Nvidia (NVDA) is the most obvious example of this, as the company did well in its most recent earnings report but lost over 6% of its stock value the same day.

Alphabet (GOOGL), the owners of Google, are also down, showing a significant decrease in value since July.

Walmart has done well for itself in recent months, especially after its latest earnings report and a good retail sales report that showed Walmart w leading that market by a considerable distance.

Tesla (LSA) has also managed to cover somewhat after a rough year. The electric car manufacturer has gone through some serious dips in 2024, but it is now just about back where it started the year.

September is typically not a good month for the markets, with stocks tending to dip at this time before they increase in time for the holiday season. August was very volatile and had both significant ups and downs. That does not create a very stable environment coming into September, but the interest rate cuts could definitely help to stabilize the market.