Wall St ends lower as investors turn cautious ahead of Fed rate decision
By Abigail
Summerville and Sukriti Gupta
Tue September 16, 2025 4:33 PM
As is often the case on the eve of a major event, even when the days leading up had big optimistic rallies, the markets decided to turn cautious today to hedge bets in the unlikely event that they don’t get the desired news tomorrow. All three indexes spent almost all day in the red, the Dow down more than 200 at 10 a.m., but tech stayed relatively flat and closed near flat, which makes sense for a day waiting at the starting gate. Since a rate cut will benefit mostly tech, it also makes sense that money was moving out of industrials.
Today retail sales data was higher than expected which ordinarily would be bad news for rate cuts but investors are so set on tomorrow’s cut that they’re ignoring the sales report. The VIX also moved up to 16.04 from 14.5 a week ago, which would account for today’s hesitancy, but keep in mind that anything 15 or below is considered “happy days” so nobody’s too worried. The anticipation did move volume up a little past the 4-week average of 16.3 billion, coming in at 17.1 billion.
DJ: 45,883.45 +49.23 NAS: 22,348.75
+207.65 S&P: 6,615.28
+30.99 9/15
DJ: 45,757.90 -125.55 NAS: 22,333.96
-14.79 S&P: 6,606.76
-8.52 9/16
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