Wall St closes with slight gains as data keeps Fed cut expectations on track

Wall St closes with slight gains as data keeps Fed cut expectations on track

By Chuck Mikolajczak

Fri December 5, 2025 4:25 PM  

PCE came in right on target so gave the markets a modest bump. Commerce Dept data showed consumer spending also increasing right in line with forecasts. The problem is that all this data is still old, August and September, so still considered unreliable. The U of M Consumer Sentiment Survey also improved and even topped estimates. Even though there are still a large number of Fed officials opposed to a rate cut due to inflation concerns, the market consensus for a cut next Wednesday stands today at 87.2%, up from 30% two weeks ago. For the week, all three indexes climbed modestly and that makes two weeks in a row of gains. At 16.2 billion, volume still remains over more than a billion shares shy of the 17.72 average. 

DJ: 47,850.94  -31.96        NAS: 23,505.14  +51.04        S&P: 6,857.12  +7.40              12/4

DJ: 47,954.99  +104.05     NAS: 23,578.13  +72.99        S&P: 6,870.40  +13.28            12/5

Fri 12-5-25 4:25 pm Wall St advances as data keeps Fed cut expectations on track | Reuters