S&P 500 registers record-high close as data keeps rate cut views intact

S&P 500 registers record-high close as data keeps rate cut views intact

By Caroline Valetkevitch

Thu September 4, 2025 4:55 PM  

All three indexes enjoyed a big triple-digit shot straight up today as labor market data ahead of Friday’s big labor report showed unemployment rising with hiring slowing, exactly the conditions that will ripen the Fed to do that much anticipated rate cut on 9/17. The odds today stand at a virtual certain 95%. The excitement was enough to send the S&P to still another record high and Powell has already indicated that, unless Friday’s report is “really, really out of bounds,” that rate cut is coming. Tomorrow may well tell the story of whether yesterday’s expert was right in predicting that our usual down Septembers will be avoided because of this cut. Volume ahead of the report was again modestly muted at 14.68 vs the average of 16.07 billion. 

DJ: 45,271.23  -24.58       NAS: 21,497.73  +218.10     S&P: 6,448.26  +32.72       9/3

DJ: 45,621.29  +350.06    NAS: 21,707.69  +209.97     S&P: 6,502.08  +53.82       9/4

Thu 9-4-25 4:55 pm S&P 500 registers record-high close as data keeps rate cut views intact | Reuters