Market Close Summary Stocks Advance, EURUSD Up, Gold Up as Investors React to Economic Data and Earnings Reports

# Market Close Summary: Stocks Advance, EUR/USD Up, Gold Up as Investors React to Economic Data and Earnings Reports – 2025-09-04

**Note**: This is the Market Close Summary, generated at the end of the US session. All data is EOD for today’s indices. All economic event times are in US Eastern Time (New York time).

## 1. Summary of Indices and Main Events

### Major US Indices Performance

**Note**:
– Prices are in USD.
– Daily Change (%) is calculated as (Close – Previous Close) / Previous Close * 100.
– ‘N/A’ indicates data not available.

### Main Events

**Market Overview**

As the US markets closed for the day, major indices reflected positive momentum, with the S&P 500 up 0.83% to 6,502.08, the Nasdaq gaining 0.98% to 21,707.69, and the DJIA rising 0.77% to 45,621.29. The trading day was marked by a mix of corporate earnings reports and ongoing geopolitical concerns, which influenced investor sentiment across various sectors.

**Market Reactions and Stock Movements**

Broadcom emerged as a standout performer, reporting a staggering 63% increase in AI revenue, which significantly exceeded investor expectations. This strong performance is indicative of Broadcom’s strategic positioning in the booming AI sector, further solidifying its status as a key player in technology.

In contrast, Lululemon faced a sharp decline in its stock price after reporting second-quarter earnings that, while beating quarterly estimates, were overshadowed by a disappointing outlook for 2025. The company’s guidance fell well short of analyst expectations, leading to a sell-off as investors recalibrated their forecasts for future performance.

Additionally, the labor market showed signs of weakness, with the ADP report indicating that the US added only 54,000 jobs in August, well below expectations. This slowdown in hiring raises concerns about consumer spending and broader economic health, which could have ramifications for market sentiment in the coming weeks.

**Geopolitical Factors and Tariffs**

Geopolitical tensions continue to influence market dynamics, particularly concerning trade and tariffs. Retailers are grappling with softer demand, which some analysts attribute to uncertainties stemming from tariff-related issues. A shipper noted that businesses are cutting inventory levels in response to these concerns, suggesting a cautious approach to consumer spending as the holiday season approaches.

Moreover, the political landscape remains turbulent, with President Donald Trump’s recent actions, including his request to the Supreme Court to allow him to fire FTC Commissioner Rebecca Slaughter, stirring potential implications for regulatory environments that could impact various sectors.

**Corporate Earnings and Strategic Moves**

The corporate landscape is also witnessing significant strategic moves. Honeywell’s quantum computing subsidiary, Quantinuum, announced a successful funding round, raising $600 million at a valuation of approximately $10 billion. This development signals growing investor interest in cutting-edge technologies and could position Honeywell as a leader in the quantum computing space.

Additionally, Bret Taylor, former co-CEO of Salesforce, has launched a new AI startup, Sierra, which recently closed a $350 million funding round. This venture adds to the growing list of companies capitalizing on the AI boom, further indicating the sector’s potential for future growth.

In the automotive sector, Ford is seeing a bright spot amid the rush for electric vehicles (EVs), as its large gas-powered SUVs continue to perform well. While EVs are gaining traction, the enduring popularity of traditional large vehicles remains a key revenue driver for the company.

**Current Market Overview**

Overall, the US markets are navigating a complex landscape shaped by earnings reports, geopolitical tensions, and economic indicators. While some companies like Broadcom are thriving, others like Lululemon are facing challenges that could impact investor confidence. With the upcoming jobs report expected to provide further insight into the labor market’s trajectory, investors are poised to react to any signs of economic slowdowns.

As the market continues to absorb these developments, the focus remains on corporate earnings and their implications for future growth. The interplay between geopolitical factors and economic data will likely dictate market movements in the days ahead, as investors remain vigilant in assessing the landscape for potential opportunities and risks.

## 2. Economy and Geopolitics

As of the end of the trading day on September 4, 2025, several significant economic events have influenced market sentiment. Notably, the JOLTS Job Openings data for July revealed 7.181 million openings, falling short of the forecasted 7.380 million, indicating a potential softening in labor demand.

The ADP Nonfarm Employment Change for August reported a gain of just 54,000 jobs, significantly below the anticipated 73,000, which may raise concerns about the overall health of the labor market. Initial Jobless Claims also came in higher than expected at 237,000 versus a forecast of 230,000, suggesting a slight uptick in unemployment claims.

In the services sector, the S&P Global Services PMI for August posted at 54.5, missing the forecast of 55.4, while the ISM Non-Manufacturing PMI exceeded expectations at 52.0 compared to a forecast of 50.9. However, ISM Non-Manufacturing Prices were slightly lower than expected at 69.2 against a forecast of 69.5.

Additionally, crude oil inventories rose by 2.415 million barrels, contrasting sharply with the anticipated decline of 2 million, which could impact oil prices and related sectors.

Looking ahead to September 5, the market will be closely watching the release of Average Hourly Earnings, Nonfarm Payrolls, and the Unemployment Rate, all of which are

### High-Importance Economic Events

**Notes**:
– **Cur**: Currency associated with the event (with flag emoji).
– **Imp**: Importance (High, Medium, Low, None).
– **Actual**: Reported value (if available).
– **Forecast**: Expected value (if available).

## 3. Corporate Earnings

In the latest corporate earnings reports, several key companies have made headlines with varied market reactions. Lululemon posted second-quarter results that exceeded expectations, with earnings and revenue surpassing estimates. However, the company’s weak guidance for 2025 led to a significant decline in its shares.

Figma, making its debut in the earnings spotlight as a public company, saw its stock tumble nearly 20% following its first earnings report, marking its lowest point since the IPO.

In contrast, Affirm reported a strong quarter, delivering earnings per share of 20 cents—almost double analysts’ expectations. This impressive performance resulted in a 15% surge in its stock price.

Overall, U.S. stocks experienced an uptick as traders reacted to softer-than-expected labor market data, which strengthened the case for potential interest rate cuts. This positive sentiment somewhat mitigated the impact of disappointing earnings from various technology companies. The mixed earnings reports reflect a complex landscape as investors navigate both corporate performance and broader economic indicators.

## 4. Asset Classes Tables

### Major Currency Pairs

**Note**:
– Prices are the exchange rate (e.g., EUR/USD = USD per EUR).
– Daily Change (%) is calculated as (Close – Previous Close) / Previous Close * 100.
– ‘N/A’ indicates data not available.

### Major Commodities

**Note**:
– Prices are in USD per unit (e.g., per barrel for Crude Oil, per ounce for Gold).
– Daily Change (%) is calculated as (Close – Previous Close) / Previous Close * 100.
– ‘N/A’ indicates data not available.