The Dow Jones Industrial Average experienced its best day since early August, with a consensus estimate predicting 53,000 jobs created in August, set to be released at 8:30 a.m. ET. Prediction markets show varying expectations for job growth, with 47% anticipating numbers above 50,000.
Big Tech stocks, referred to as the 'Magnificent Seven,' have shown notable gains, with Amazon rising 1.5% and up 32% from its February low, while Apple and Meta Platforms also posted increases. However, Alphabet's shares have declined 1% week to date.
In the entertainment sector, ticket sales are down from pre-Covid levels despite higher prices, with Imax and Cinemark shares reflecting mixed performance. Zscaler reported strong earnings, leading to a 15% increase in its stock over the past month, as demand for cybersecurity solutions rises amid concerns over AI-related security threats