Stock Market Update

06-Sep-24 12:30 ET
Chicago Fed President Goolsbee remarks on labor market
Dow -417.08 at 40338.67, Nasdaq -436.65 at 16690.99, S&P -95.35 at 5408.06

[BRIEFING.COM] The three major indices moved in a lateral flow over the last half hour, staying near session lows.

Chicago Fed President Goolsbee (2025 FOMC voter) said in a CNBC interview that he thinks the critical challenge is how to make sure the labor market weakness does not turn into something worse, adding that the Fed has "a little bit" more tolerance for higher than expected CPI prints. 

Separately, shares of GameStop (GME 23.86, +1.46, +6.6%) are higher after Keith Gill (Roaring Kitty) posted on X.

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