Wall Street indexes notch record high closes, investors bet rate cut
Tue September 9, 2025 5:35 PM
The exuberant optimism over the expected rate cut next week extended into yet another day today as all three indexes once again climbed, the Dow a second day at 3-digits, in fact all three registering new records at close. Complementing this was a new report today sharply reducing the number of jobs for the 12 months from March 2024 down 911,000 which suggests the job market began weakening last year.
This combined with tomorrow’s PPI and Thursday’s CPI have investors hoping the data will show more inflation and thus motivate the Fed to make next week’s cut ½%. Plus the new 3-rate cut scenario for the rest of the year is still very much in play. All of the above, bad news that in these unique times is taken as good news, triggered today’s new records. Volume today came in a bit below the 16.1 billion average at 15.6 billion shares traded.
DJ: 45,514.95 +114.09 NAS: 21,798.70
+98.31 S&P: 6,495.15
+13.65 9/8
DJ: 45,711.34 +196.39 NAS: 21,879.49
+80.79 S&P: 6,512.61
+17.46 9/9
No comments:
Post a Comment