Stocks mixed to kick off September

U.S. stock indexes were mixed Wednesday as the major averages kicked off September.

The Dow Jones Industrial Average fell 47 points, or 0.13%, while the S&P 500 index and the Nasdaq Composite index advanced 0.03% and 0.33%, respectively. The choppy trade comes after all three of the major averages gained in August with the S&P extending its monthly winning streak to seven. 

Ticker	Security	Last	Change	Change %
I:DJI	DOW JONES AVERAGES	37775.38	+22.07	+0.06%
SP500	S&P 500	5011.12	-11.09	-0.22%
I:COMP	NASDAQ COMPOSITE INDEX	15601.498878	-81.87	-0.52%

The ADP jobs report showed private payrolls last month added 374,000 workers, missing the 613,000 that analysts were expecting. The report sets the stage for Friday’s jobs report. 

In stocks, mega-cap tech companies Facebook Inc. and Alphabet Inc. closed at all-time highs. Apple Inc. hit an intraday peak but was unable to close in record territory.   

Ticker	Security	Last	Change	Change %
AAPL	APPLE INC.	167.04	-0.96	-0.57%
FB	n.a.	n.a.	n.a.	n.a.
GOOG	ALPHABET INC.	157.46	+0.58	+0.37%

Robinhood Markets Inc. announced the U.S. Securities and Exchange Commission was reviewing a recent filing for a share sale by existing stockholders. The trading app developer said no sales announced in the filing can be made until the SEC investigation is complete. 

Ticker	Security	Last	Change	Change %
HOOD	ROBINHOOD MARKETS INC.	17.08	0.00	0.00%

In earnings, Campbell Soup Co. warned higher packaging, ingredients and transportation costs would dent margins, and guided full-year earnings and revenue below expectations.  

Ticker	Security	Last	Change	Change %
CPB	CAMPBELL SOUP CO.	43.71	+0.40	+0.92%
PVH	PVH CORP.	106.31	+0.56	+0.53%

PVH Corp., the owner of brands including Tommy Hilfiger and Calvin Klein, raised its full-year outlook following a strong performance from its international business, particularly Europe. The clothing company, which swung to a profit after posting a loss a year ago, beat analysts’ estimates on both earnings and revenue. 

Chewy Inc. and Smith & Wesson Brands Inc. are among the companies scheduled to report their quarterly results after Wednesday’s closing bell.  

Ticker	Security	Last	Change	Change %
CHWY	CHEWY INC.	16.12	-0.42	-2.54%
SWBI	SMITH & WESSON BRANDS	16.79	+0.30	+1.82%

In deals, a U.S. regulator rejected a voting trust structure, on antitrust grounds, that would have allowed Canadian National Railway Co. to move ahead with its plans to buy railroad operator Kansas City Southern for $29 billion. The decision could open the door for Kansas City Southern to pursue a separate offer from Canadian Pacific Railway Ltd. 

Ticker	Security	Last	Change	Change %
CNI	CANADIAN NATIONAL RAILWAY CO.	127.16	+0.13	+0.10%
KSU	n.a.	n.a.	n.a.	n.a.
CP	CANADIAN PACIFIC KANSAS CITY	83.96	+0.04	+0.05%

Elsewhere, miners, including Freeport-McMoRan Inc. and BHP Group Ltd., slid after weak Chinese factory data pushed copper prices lower.

Ticker	Security	Last	Change	Change %
FCX	FREEPORT-MCMORAN INC.	50.15	+0.34	+0.68%
BHP	BHP GROUP LTD.	58.01	-0.39	-0.67%

In commodities, West Texas Intermediate crude oil ticked up 9 cents to $68.59 per barrel and gold slipped $1.90 cents to $1,813.10 an ounce.

Overseas markets were broadly higher.

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France’s CAC 40 paced the gains in Europe, trading up 1.18% while Britain’s FTSE 100 climbed 0.42%. Germany's DAX 30 lagged, falling 0.07%.

In Asia, Japan’s Nikkei 225 rose 1.29%, China’s Shanghai Composite added 0.65% and Hong Kong’s Hang Seng index edged up 0.58%.