Wall Street retreats from record closing highs as economic worries mount

Wall Street retreats from record closing highs as economic worries mount

By Stephen Culp

Tue October 7, 2025 4:16 PM

The day began with all three indexes ever so modestly in the black but began an immediate withdrawal that sank all three, the Nasdaq down 3-digits, the Dow close to that, reaching a bottom around noon and then staying there all day with no further recovery. With the shutdown depriving analysts of any new data, a lot more uncertainty has been produced about what’s happening and secondary sources must now be used.  

It was today’s Fed report showing deteriorating consumer sentiment and projecting more inflation that triggered investors to take profits, especially in light of all the recent record highs. AI remains very much the main driver but as one expert cautioned, “I think some of the bloom is off the rose.”  An October rate cut remains a virtual certainty. Volume came in at 20.8 billion, a bit above the 19.4 average. 

DJ: 46,694.97  -63.31        NAS: 22,941.67  +161.16      S&P: 6,740.28  +24.49        10/6

DJ: 46,602.98  -91.99        NAS: 22,788.36  -153.30       S&P: 6,714.59  -25.69         10/7

Tue 10-7-25 4:16 pm Wall Street retreats from record closing highs as economic worries mount | Reuters