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Market Headlines 👀 

• US ADP employment show 54k jobs added; est: 68k. Prev: 106k.

• US weekly jobless claims data comes in at 237k; est: 230k.

• US non-farm payrolls data and unemployment will be available tomorrow at 8:30 am EST. Current estimates show 75k for non-farm payrolls.

• US 30y mortgage rates declines to 6.5%.

• US President Trump will host major tech CEOs in the White house.

• Apple (AAPL) planning an AI powered Siri search which will potentially leverage Google’s Gemini AI.

• Tesla (TSLA) opens Robotaxi app for iOS users.

• Tesla (TSLA) as per reports surfacing, Tesla is seeing impressive demand for its Model Y L in China.

• Salesforce (CRM) announces 4,000 more job cuts, citing AI is making its customer service department more efficient.

• Salesforce (CRM) shares slump after reporting weaker than expected forward guidance.

• Gemini the crypto exchange backed by the Winklevoss twins is aiming for an IPO with a valuation around $2.2b.

• SoFi Financial (SOFI) announces new partnership with Buffalo Bills quarterback Josh Allen.

• American Eagle (AEO) shares rise after a top and bottom line beat, citing Syndey Sweeney’s ad having massive impact for the retailer.

• Figma (FIG) reports it first earnings post its recent IPO.

Earnings 💸

• Broadcom (AVGO)

  • EPS: $1.69 beats (exp. $1.66)

  • Revenue: $15.95b beats (exp. $15.83b)

• Lululemon (LULU)

  • EPS: $3.10 beats (exp. $2.87)

  • Revenue: $2.53b misses (exp. $2.54b)

A note from The Pacaso 📣

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They’re a private company, but Pacaso just reserved the Nasdaq ticker “$PCSO.”

No surprise the same firms that backed Uber, eBay, and Venmo already invested in Pacaso. What is unique is Pacaso is giving the same opportunity to everyday investors. And 10,000+ people have already joined them.

Created a former Zillow exec who sold his first venture for $120M, Pacaso brings co-ownership to the $1.3T vacation home industry.

They’ve generated $1B+ worth of luxury home transactions across 2,000+ owners. That’s good for more than $110M in gross profit since inception, including 41% YoY growth last year alone.

And you can join them today for just $2.90/share. But don’t wait too long. Invest in Pacaso before the opportunity ends September 18.

Invest While You Still Can

_{Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.}

S&P 500 Heatmap 🔥 

Movers and Shakers 📷 

📈 Top Gainers

❇️ $AEO ( ▲ 0.84% )  (American Eagle Outfitters): Shares surged after the retailer forecasted third-quarter comparable sales exceeding estimates and reported strong quarterly revenue; company cited Sydney Sweeney ad was a major success.
❇️ $HPE ( ▼ 0.87% )  (Hewlett Packard Enterprise): Rose following better-than-expected profit and sales, as well as an improved outlook driven by strong server demand.
❇️ $TROW ( ▲ 0.25% )  (T. Rowe Price): Gained on news of a notable partnership with Goldman Sachs to offer combined investment solutions.
❇️ $META ( ▼ 0.69% )  (Meta Platforms): Advanced as large-cap tech rebounded alongside anticipation for progress in AI development.

🔻 Top Decliners

🔴 $CRM ( ▲ 1.03% )  (Salesforce): Declined after announcing guidance below Wall Street expectations for next quarter, raising AI segment growth concerns.
🔴 $AI ( ▼ 0.81% )  (C3.ai): Dropped substantially following a leadership change, larger-than-expected loss, and withdrawal of full-year guidance.
🔴 $TXN ( ▲ 1.38% )  (Texas Instruments): Fell as the company indicated that the recovery in semiconductor demand is not meeting forecasts.
🔴 $NEON ( ▼ 5.76% )  (Neonode): Sank sharply, leading the day’s percentage decliners on volume spikes.
🔴 $FIG ( ▼ 2.72% )  (Figma): Shares sank after a poor first earnings report.

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Recap Around the Street 🧠

Current state of the job markets ahead of non-farm payrolls and unemployment data tomorrow:

Lululemon earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

Market Preview 🎞️ 

• Friday, September 5th: Non-farm payrolls; Unemployment rate

Enjoy reading?👇

That’s all for this week, folks! We’ll be back around the same time Monday with a curated list of important news, economic data and market highlights. 

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