Wall Street closes lower, pausing record-setting rally as earnings approach
By Stephen
Culp
Thu October 9, 2025 7:27 PM
Yesterday it was a straight shot up, today a straight shot down as, after the recent record highs combined with the uncertainty of no data to drive the markets as we are in the ninth day of the shutdown with everyone in pause mode as we await the first Q3 reports next week, there was more than sufficient incentive to take profits today. The exception to this was the Nasdaq that, though there were 3-digit losses all around, the AI driven index managed to recover to near break-even by close.
The big selloff was also encouraged by concerns that AI may be forming a bubble which would portend a coming correction. If Q3 begins next week as expected, there should be more rallying with S&P earnings growth forecast for 8.8%. Meanwhile, today’s good news comes from one of our experts in that this bull market, of which Sunday marks the third year, still “has more gas in its tank.” Volume remains a little above the 4-week average of 19.75 billion, coming in today at 20.44 billion.
DJ: 46,601.78 -1.20 NAS: 23,043.38
+255.02 S&P: 6,753.72
+39.13 10/8
DJ: 46,358.42 -243.36 NAS: 23,024.63
-18.75 S&P: 6,735.11
-18.61 10/9
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