No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Saturday, October 4, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

US stocks: Dow, S&P 500 manage record closing highs; Nasdaq falls in volatile session

by TheAdviserMagazine
3 hours ago
in Business
Reading Time: 3 mins read
A A
US stocks: Dow, S&P 500 manage record closing highs; Nasdaq falls in volatile session
Share on FacebookShare on TwitterShare on LInkedIn


NEW YORK: The S&P 500 eked out a record closing high in a volatile session Friday, with interest rate-cut expectations holding up as the U.S. government shutdown went on for a third day. The Dow also posted a record closing high, but the Nasdaq ended lower. The S&P 500 technology sector eased, with shares of Applied Materials declining 2.7% after the chip-equipment maker late Thursday forecast a $600 million hit to fiscal 2026 revenue. Shares of Tesla were 1.4% lower, while utilities rose 1.2% and led gains among S&P 500 sectors. The U.S. nonfarm payrolls report for September was due for release on Friday, but was not published due to the government closure. Investors were still able to digest a survey by the Institute for Supply Management, which showed the services employment index contracted for the fourth consecutive month.

The news underscored the case for more interest rate cuts from the Federal Reserve. “It certainly feels like momentum is on the side of investors over the last few days,” said Mona Mahajan, head of investment strategy at Edward Jones. It seems like “the market probability of a Fed rate cut has actually gone up since the shutdown began,” she said.

“Maybe that’s because there’s the potential impact on the economy or some weaker jobs data this week or this morning’s ISM data… the expectation is we’re still in this environment where the Fed is going to cut rates.” The Fed cut rates in September for the first time since December amid recent labor market weakness. On Wednesday, a report showed a decline in private payrolls of 32,000 and a downwardly revised 3,000 decline in August. The Dow Jones Industrial Average rose 238.56 points, or 0.51%, to 46,758.28, the S&P 500 gained 0.44 points, or 0.01%, to 6,715.79 and the Nasdaq Composite lost 63.54 points, or 0.28%, to 22,780.51. For the week, the Dow gained 1.1%, the S&P 500 also climbed 1.1% and the Nasdaq rose 1.3%. The market has historically shrugged off government shutdowns, but some strategists said that a longer shutdown could create more uncertainty for investors and for Fed policymakers.

“The market generally looks past government shutdowns because they don’t usually last long and they don’t have a longer-term negative impact on the economy,” said Anthony Saglimbene, chief market strategist at Ameriprise Financial in Troy, Michigan.

“But the longer it goes… it means the data collection for really important reports could get delayed, or it could cloud some of the data that we will eventually get because the data collection wasn’t happening over an extended period.”

Live Events

Chicago Fed President Austan Goolsbee said he was hesitant to commit to a series of rate cuts with inflation still running above the target. According to the CME Group’s FedWatch Tool, traders see a 25-basis-point cut at the Fed’s October meeting as almost certain and are pricing in an 84% probability of an additional cut in December. Shares of USA Rare Earth rose 14.3% after CEO Barbara Humpton told CNBC the company was “in close communication” with the White House.

Advancing issues outnumbered decliners by a 1.72-to-1 ratio on the NYSE. There were 686 new highs and 55 new lows on the NYSE.

On the Nasdaq, 2,813 stocks rose and 1,880 fell as advancing issues outnumbered decliners by a 1.5-to-1 ratio.

Volume on U.S. exchanges was 20.47 billion shares, compared with the 19.01 billion average for the full session over the last 20 trading days.

Add ET Logo as a Reliable and Trusted News Source



Source link

Tags: ClosingDowfallshighsManageNasdaqrecordsessionstocksVolatile
ShareTweetShare
Previous Post

U.S., Europe brands take on the Chinese consumer

Related Posts

edit post
Trump orders Israel to stop bombing Gaza after Hamas partially accepts his peace plan

Trump orders Israel to stop bombing Gaza after Hamas partially accepts his peace plan

by TheAdviserMagazine
October 3, 2025
0

U.S. President Donald Trump on Friday ordered Israel to stop bombing the Gaza Strip after Hamas said it had accepted some elements...

edit post
Sean ‘Diddy’ Combs gets 4 years in prison and is fined half a million dollars for case involving sex workers, violence and ‘freak-offs’

Sean ‘Diddy’ Combs gets 4 years in prison and is fined half a million dollars for case involving sex workers, violence and ‘freak-offs’

by TheAdviserMagazine
October 3, 2025
0

Sean “Diddy” Combs was sentenced Friday to four years and two months in prison for transporting people across state lines for...

edit post
Lawsuit: Tesla design trapped a college student inside as it burst into flames

Lawsuit: Tesla design trapped a college student inside as it burst into flames

by TheAdviserMagazine
October 3, 2025
0

The parents of a college student killed in a Tesla crash say she was trapped in the car as it burst into...

edit post
Commerce Minister Piyush Goyal drives investment reforms on Singapore visit

Commerce Minister Piyush Goyal drives investment reforms on Singapore visit

by TheAdviserMagazine
October 3, 2025
0

New Delhi: India and Singapore have discussed strengthening trade and investment linkages, enhancing cooperation in innovation and digital connectivity, and...

edit post
Why Section 230, social media’s favorite American liability shield, may not protect Big Tech in the AI age

Why Section 230, social media’s favorite American liability shield, may not protect Big Tech in the AI age

by TheAdviserMagazine
October 3, 2025
0

Meta, the parent company of social media apps including Facebook and Instagram, is no stranger to scrutiny over how its...

edit post
Commerce ministry recommends anti-dumping duty on solar cells from China for 3 yrs

Commerce ministry recommends anti-dumping duty on solar cells from China for 3 yrs

by TheAdviserMagazine
October 3, 2025
0

New Delhi: The commerce ministry's investigation arm DGTR has recommended the imposition of anti-dumping duty for three years on import...

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
Why the Stakes are Higher for I 9 Form 2025 Audits

Why the Stakes are Higher for I 9 Form 2025 Audits

0
edit post
Stay the Course: Navigating Euro Inflation

Stay the Course: Navigating Euro Inflation

0
edit post
Cash App Review – A Versatile Mobile Payment & Banking Platform

Cash App Review – A Versatile Mobile Payment & Banking Platform

0
edit post
With its latest acqui-hire, OpenAI is doubling down on personalized consumer AI 

With its latest acqui-hire, OpenAI is doubling down on personalized consumer AI 

0
edit post
Why Accurate Surgical Procedure Data Is a Strategic Advantage Today?

Why Accurate Surgical Procedure Data Is a Strategic Advantage Today?

0
edit post
High earners will lose pre-tax 401(k) catch-ups in 2026

High earners will lose pre-tax 401(k) catch-ups in 2026

0
edit post
US stocks: Dow, S&P 500 manage record closing highs; Nasdaq falls in volatile session

US stocks: Dow, S&P 500 manage record closing highs; Nasdaq falls in volatile session

October 3, 2025
edit post
U.S., Europe brands take on the Chinese consumer

U.S., Europe brands take on the Chinese consumer

October 3, 2025
edit post
Bitcoin Capital Flow Must Enter The Network Before Global Dominance — Here’s What Will Happen

Bitcoin Capital Flow Must Enter The Network Before Global Dominance — Here’s What Will Happen

October 3, 2025
edit post
Trump orders Israel to stop bombing Gaza after Hamas partially accepts his peace plan

Trump orders Israel to stop bombing Gaza after Hamas partially accepts his peace plan

October 3, 2025
edit post
Whose Investment Are You?

Whose Investment Are You?

October 3, 2025
edit post
With its latest acqui-hire, OpenAI is doubling down on personalized consumer AI 

With its latest acqui-hire, OpenAI is doubling down on personalized consumer AI 

October 3, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • US stocks: Dow, S&P 500 manage record closing highs; Nasdaq falls in volatile session
  • U.S., Europe brands take on the Chinese consumer
  • Bitcoin Capital Flow Must Enter The Network Before Global Dominance — Here’s What Will Happen
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.