Dow Jones Dips As Fed Official Speaks Out Ahead Of Jobs Report; SEC Sues Elon Musk Over This

The Dow Jones Industrial Average rebounded from its lows after comments from a senior Federal Reserve official regarding Treasury yields. Rivian Automotive experienced a significant decline due to a debt offering, while Tesla CEO Elon Musk faced a lawsuit from the SEC. Clorox also suffered losses following a profit warning. Despite the lackluster session, several stocks showed strength, including Neurocrine Biosciences, CME, and Cencora. Fed Official Mary Daly discussed the impact of rising bond yields on interest rates, while investors awaited the upcoming jobs report. The Nasdaq and S&P 500 both ended the day slightly lower, with Lamb Weston performing well. The Dow Jones Industrial Average remained relatively flat, with UnitedHealth and Disney stocks shining. Rivian Automotive's decline was attributed to a debt move, while Tesla faced legal issues. Clorox's stock suffered due to a profit warning caused by a cybersecurity attack. Neurocrine Biosciences, CME, and Cencora were highlighted as potential stocks to watch.