Nasdaq, S&P 500 end higher with Alphabet,
Apple, rate-cut hopes; Dow dips
September 3, 2025 4:52 PM
Today’s good news was the court ruling that Google could not be broken up, thereby assuring investors of not only protection for Google’s industry position but also Apple’s for the business it does with Google, specifically lucrative payments to the iPhone maker. That added to the now 96% odds for a rate cut on 9/17 and tech had a very good day, zooming up 3-digits on the Nasdaq. The Dow had a reversal of fortune which often happens on tech’s good days, dropping as low as a 300 point loss as late as 3:30 before zooming back up to near break-even.
The day’s summation came from today’s expert, “Google and Apple won the sweepstakes. The courts just cemented their reputation.” Other quite good news came with comments from another expert in forecasting that the usual poor September performance will likely not happen this year “because of the fact that the Fed is expected to lower rates.” All eyes remain laser-focused on Friday’s monthly jobs report to take the pulse of the weakening labor market. With one day of above average volume, today it went back again to 14.95, below the 16.18 billion average.
DJ: 45,295.81 -249.07 NAS: 21,279.63
-175.92 S&P: 6,415.54
-44.72 9/2
DJ: 45,271.23 -24.58 NAS: 21,497.73 +218.10 S&P: 6,448.26 +32.72 9/3
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