Wall Street indexes end lower as jobs data fuels economic worries
Fri September 5, 2025 6:24 PM
It was another day of panic as investors played another game of tug-of-war debating the pros and cons between a softening job market virtually guaranteeing a rate cut and a softening job market hurting the economy. The latter half sort of won out as the indexes, after briefly breaking new records in the first half hour almost immediately began sinking seriously into the red until having an 11th hour recovery for at least the S&P and Nasdaq to close near even. The Dow didn’t do as well but still managed to recover from a 400 point loss to close at half that. The trigger of course was a badly disappointing jobs report which came in a whopping 70% lower than forecast.
In fact, now they’re making odds that the rate cut expected on 9/17 will be ½ point instead of ¼ point due to this dismal report. However, what’s really been keeping this economy afloat has been consistent consumer spending so next Thursday’s CPI will be watched very carefully. Today’s good news per one of our experts, “It’s going to take more than one bad data set to dislodge this market at this point.” The Dow and S&P ending the week near flat, the Nasdaq up about 1%. Volume came in at 16.95, above the 16.05 billion average.
DJ: 45,621.29 +350.06 NAS: 21,707.69
+209.97 S&P: 6,502.08
+53.82 9/4
DJ: 45,400.86 -220.43 NAS: 21,700.39 -7.31 S&P: 6,481.50
-20.58 9/5
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