S&P 500 and Nasdaq notch record-high closes as Oracle soars on AI optimism
By Noel
Randewich and Ragini
Mathur
Wed September 10, 2025 4:40 PM
Well, the PPI report came in great showing inflation cooling off more than expected, immediately sending tech way up and the Dow way down, though almost immediately both tech indexes started a decline that led to losing almost all gains by close but still closing modestly up. Yesterday the consensus seemed to be for inflation to be up which would hurt the labor market even more so the Fed would be motivated to cut rates. Today, with inflation being down, everyone is happy since the cooling is what the Fed needs to cut rates.
It seems that however the report turned out, it would be taken as good news. With their modest gains, both the S&P and Nasdaq made new records, the S&P for the 2nd day in a row, the Nasdaq for the third. Today’s expert offered the perspective, “The fundamentals remain very strong but we also have to acknowledge that valuations are extended at this point.” Tomorrow’s CPI will offer the main insight into the inflation picture. So far, everything supports a rate cut. Volume came in at 17.2 billion, above the 16.0 4-week average.
DJ: 45,711.34 +196.39 NAS: 21,879.49
+80.79 S&P: 6,512.61
+17.46 9/9
DJ: 45,490.92 -220.42 NAS: 21,886.06
+6.57 S&P: 6,632.04
+19.43 9/10
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