Stocks searching for direction following ADP labor print

Equities (^DJI, ^IXIC, ^GSPC) are mixed at Thursday's open as the major indices hope to recover from tumultuous September trading as investors digest this morning's ADP labor data and await the August jobs report due out on Friday.

Brad Smith takes a look at market movements after the opening bell, checking in on pricing for commodities like gold (GC=F) and Nasdaq 100 (^NDX) tech leaders.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Luke Carberry Mogan.

Video Transcript

Take a look at foot locker, ringing the opening bell at the NYSE.

There, you've got a good look at FL.

Oh, by the way, on the right side of your screen, you're seeing undefeated golf ringing the opening bell.

And that is Steph Curry ringing the opening bell.

Of course, one of the US men's basketball team gold medalists here.

And of course, he's got so many different ventures underrated golf.

Being one of them really does a lot to highlight youth in golf.

And so great to see Steph Curry there, uh, Steph Curry with the pot Steph Curry with the rock as you know, ringing the opening bell over at the NASDAQ.

All right, let's get a check in on the markets here at the Wi Fi Interactive.

We're taking a look at the Dow Jones industrial average flat, just barely to the upside to begin today's trading activity here.

We'll give you a multiple day view and put this on a five day just so you can see how things have been moving over the course of this week and hasn't been great past five days.

All in, we net lower, just barely flat, but to the downside here.

We'll see if we can recover here.

But we've got a big week of economic data.

That's certainly been pressuring markets weighing on the minds of investors Tech One of the largest laggards that we've seen over the course of this week over the past five days you're seeing that down by about 2.7%.

I'll show you by how much tech has been lagging in just a hot second here, S and P 500.

You're seeing that flat barely to the upside here, out of the gate this morning.

I also wanna do a quick commodities check as we're taking a look at some of the gold futures here this morning.

As of right now, you're seeing that above a 2500, uh, 2549.

Right now, up right now, though, by about 9/10 of a percent.

And over the past five days, trying to put together a little bit of a run here, we'll see what it can do.

You had some positive news out of Goldman Sachs earlier this week.

They were weighing in on the commodity market here, also pointing towards some of the data that they're seeing both for copper and for gold.

Their preferred near term loan is gold.

It remains their preferred hedge against geopolitical and financial risks they mentioned with added support from imminent Fed rate cuts.

So even the Fed rate cuts playing into that gold equation as well.

Here and then, Just lastly, since we mentioned Tech, let's in there.

I didn't want to leave you on a cliffhanger there.

I did wanna give you a look.

That's some of the sector activity that we're seeing out of the gate.

And this is how much technology has been in decline over the past few days.

Here, there, you're taking a look at today's move.

We're down by about six cents of a percent, but past five days down by about 5%.

Technology is.

And yeah, if you thought it was NVIDIA leading that pack, you'd be right to assume that is, it's down by about 16% over that same period.

Mattie, I'll toss things on over to you.

All right, Brad, Thanks so much for that.