Five things you need to know before the market opens on Wednesday August 30:
1. -- Stocks slip lower after strongest rally since June with jobs data in focus
Stock futures slipped modestly lower Wednesday ahead of another round of jobs data as markets continue to track sharp moves in the bond market that could suggest economic weakness over the coming months.
2. -- ADP employment report on deck as markets key on jobs data for Fed rate path
Private payroll growth will be in focus Wednesday as ADP publishes its August employment report with economists tracking wage growth heading into the autumn months.
3. -- Nvidia shares ease from record high following expanded Google partnership
Nvidia, which now carries a $1.2 trillion market value, has deepened what could be a lucrative partnership with Google as big tech continues its AI investment surge.
4. -- Salesforce earnings to higher AI investment drive as cloud spending cools
Salesforce, which lifted its cloud tool prices for the first time in seven years last month, is investing heavily in AI to power long-term growth.
5. -- Hurricane Idalia, now a 'catastrophic' Cat 4 storm, barrels towards Florida Coast
Hurricane Idalia, which was upgraded to a Category 4 storm by the National Hurricane center, is expected to make landfall on Florida's Big Bend early Wednesday.
