US stocks

Favour quality companies with strong balance sheets, consistent earnings and high returns on equity

Debt crisis predictions fail as a wealthy sovereign that borrows in its own currency doesn’t fail on a schedule

The Nasdaq 100 has fully recovered from July’s sharp correction, but the calendar ahead offers little room for complacency. The index closed at 29,461 on Wednesday (Sep 2), gaining 1.24 per cent ahead of Friday’s non-farm payrolls release, which put the sharp decline at the start of September behind it. August itself delivered a 4.2 per cent gain, the Nasdaq 100’s best August performance since 2021, and recovered most of the ground lost in July’s 6.6 per cent slide, its steepest monthly decline since March 2025. Beneath the recovery, however, sits a macro backdrop that has grown palpably more hostile to long-duration growth stocks since the Jackson Hole meeting.

All three major US indexes close lower amid a broad selloff ahead of the three-day holiday weekend

The three major indices ended Thursday’s session at least 1% higher

All three major indices closed higher for the day

All three major indices declined on the first day of September, historically the worst-performing month for US stocks

All three major indices fell for the day

All three major indices declined