Nasdaq notches record high close, traders look to Fed meeting
By Noel
Randewich and Ragini
Mathur
Fri September 12, 2025 4:23 PM
After yesterday’s big rally, investors took a breath today with profit-takers hitting industrials and tech getting yet another boost with the Nasdaq hitting yet another record. With strong evidence now that the job market has been weakening for some time, the bets are now for three more rate cuts before year-end, starting with next week. This was further bolstered today with U of M Consumer Sentiment falling for the second straight month.
Since there are no major events coming before the Fed report next Wednesday, the market is expected to be subdued until then as it was today. Per the CBOE, volume came in at 16.9 billion, considerably below yesterday but still above the 16.1 average of the last four weeks.
DJ: 46,108.00 +617.08 NAS: 22,043.07
+157.01 S&P: 6,587.47
+55.43 9/11
DJ: 45,834.22 -273.78 NAS: 22,141.10
+98.03 S&P: 6,584.29
-3.18 9/12
No comments:
Post a Comment