Australia August services PMI 55.8 (composite 55.5)

Bond yields pressure stocks: S&P 500 down 0.7%, Nasdaq 0.8%. Big Tech valuations questioned as yields rise.

American dream's low: 70% doubt hard work equals gains. Economic pessimism hits record highs, impacting consumer sentiment.

Job growth revisions expected to show 475k-900k fewer jobs. Fed may cut rates if data shows fragility.

Bitcoin miners' market cap hits $39B as they pivot to AI, but profitability dips amid rising hashrate & falling BTC price.

S&P 500 faces Sept. slump (-1.1% avg.) amid trade/inflation fears, but strong earnings & AI demand hint at long-term gains.

Global markets slump as gold hits $3,540/oz. Tech valuations at dot-com highs, investors rotate to small caps.

US indices tumble: Dow Jones Industrials down 0.55%, S&P 500 off 0.69%. Tech-heavy Nasdaq Composite drops 0.82%.