Economic data: Challenger job cuts, year-on-year, August (-46.1% previously); Imports, month-on-month, July (+1.4% expected, -1.8% previously); Exports, month-on-month, July (-0.8% expected, -0.9% previously); Nonfarm productivity, second-quarter final reading (+1.4% expected, +1.4% previously); Initial jobless claims, week ended Aug. 29 (205,000 expected, 203,000 previously); Continuing claims, week ended Aug. 22 (1.79 million expected, 1.778 million previously); S&P Global US services PMI, August final reading (56.8 expected, 56.8 previously); S&P Global US composite PMI, August final reading (56 previously); ISM services index, August (54.1 expected, 54.1 previously); ISM services, prices paid, August (69.5 expected, 70.3 previously); ISM services, new orders, August (57 expected, 57.2 previously); ISM services, employment, August (49 expected, 47.4 previously)
Earnings calendar: Ciena (CIEN), Copart (CPRT), Zscaler (ZS), Samsara (IOT), Guidewire Software (GWRE), Lululemon Athletica (LULU), DocuSign (DOCU), Planet Labs (PL), Victoria’s Secret (VSXY), The Campbell’s Company (CPB)
Catch up on some top stories from overnight:
Snowflake stock soars as surging AI demand boosts earnings
Broadcom stock sinks as chipmaker fails ‘to keep investors happy’
Google spared from ad-business breakup, but judge orders changes
Goldman Sachs warns investors to expect lower returns over the next year
