NYSE Dow Jones finished today at:

[bigdog]

ASX 200 expected to rise​

The Australian share market looks set for a decent start to the week following a good finish to the last one on Wall Street.

According to the latest SPI futures, the ASX 200 is expected to open the day 24 points or 0.3% higher.
.
Wall Street tacked on some more gains Friday as it glided to the finish of its latest record-setting week.

The S&P 500 rose 0.5% to close out its sixth winning week in the last seven. The Dow Jones Industrial Average added 172 points, or 0.4%, and the Nasdaq composite climbed 0.7%.

All three hit all-time highs for a second straight day. They’ve been rallying on expectations that the Federal Reserve will continue to cut interest rates in order to give the economy a boost after the central bank lowered them for the first time this year on Wednesday.

All told, the S&P 500 rose 32.40 points to 6,664.36. The Dow Jones Industrial Average added 172.85 to 46,315.27, and the Nasdaq composite climbed 160.75 to 22,631.48.

 

[bigdog]

US stocks set more records as Wall Street's relentless rally keeps rolling

The seemingly relentless rally on Wall Street drove U.S. stocks to more records. The S&P 500 rose 0.4% Monday after erasing a modest loss from the morning.

apnews.com

US stocks set more records as Wall Street’s relentless rally keeps rolling​

By STAN CHOE
Updated 7:01 AM GMT+10, September 23, 2025

NEW YORK (AP) — The seemingly relentless rally on Wall Street drove U.S. stocks to more records on Monday.

The S&P 500 rose 0.4% after erasing a modest loss from the morning. The Dow Jones Industrial Average added 66 points, or 0.1%, and the Nasdaq composite climbed 0.7%. It’s the third straight day where all three indexes set an all-time high.

“Every time the market seems to be running out of momentum, it fools most of us by pushing to higher heights,” said Jay Woods, chief market strategist at Freedom Capital Markets.

A familiar face was again the strongest force lifting the market, Nvidia. Wall Street’s most valuable company rose 3.9% after announcing a partnership to train and run OpenAI’s next generation of artificial-intelligence models. As part of the deal, Nvidia will invest up to $100 billion in OpenAI.

Oracle also pushed the market higher after climbing 6.3%. A senior official in President Donald Trump’s administration said the tech giant will receive a copy of TikTok’s algorithm to operate for U.S. users, part of the deal to keep the popular platform running in the country.

Oracle also named Clay Magouyrk and Mike Sicilia as its CEOs, with current CEO Safra Catz becoming executive vice chair of the technology company’s board.

Some of the market’s sharpest action was among companies agreeing to buy one another.

Pfizer said it would buy Metsera and its pipeline of medicines to potentially treat obesity in a deal initially valuing it at $4.9 billion. The payout for Metsera investors could go up sharply if its candidates win approval from federal regulators and achieve other milestones.

Metsera’s stock jumped 60.7%, and Pfizer’s edged up by less than 0.1%.

ODP, which runs Office Depot and Office Max, leaped 32.9% after Atlas Holdings agreed to buy it in a deal valued at roughly $1 billion.

Anywhere Real Estate soared 45.5% after Compass said it would buy the company behind the Coldwell Banker and Corcoran brands in an all-stock deal. They said the combined company is expected to have a total enterprise value of roughly $10 billion, including debt. Compass shares sank 15.7%.

Also on the losing end of Wall Street was Coinbase Global, which fell 3.1% as stocks sank across the crypto industry following a pullback for cryptocurrency prices.

But Coinbase is still up 33.7% for the year so far thanks to interest in crypto, whose prices have soared to records recently on expectations for cuts to interest rates by the Federal Reserve.

All told, the S&P 500 rose 29.39 points to 6,693.75. The Dow Jones Industrial Average added 66.27 to 46,381.54, and the Nasdaq composite climbed 157.50 to 22,788.98.

Stocks have surged since April on hopes that Trump’s tariffs won’t derail global trade and that the Fed will deliver several cuts to interest rates to boost the economy. The Fed made its first cut of the year last week, and officials indicated more could arrive through the end of this year and into next.

The U.S. stock market still faces challenges, though. Chief among them is if the Fed does not cut interest rates as many times as investors expect. The Fed is wary because lower rates can give inflation more fuel, and inflation has stubbornly remained above its 2% target.

An update on Friday will show how much prices are rising for U.S. households based on the Fed’s preferred measure of inflation, and economists expect it to show a slight acceleration for last month.

Plus, stocks already look too expensive to many professional investors after their prices surged so much.

In stock markets abroad, indexes were mixed in Europe and Asia.

Japan’s Nikkei 225 jumped 1%, and Hong Kong’s Hang Seng fell 0.8% for two of the world’s bigger moves.

In the bond market, Treasury yields held relatively steady. The yield on the 10-year Treasury remained at 4.14%, where it was on Friday.

ASX 200 expected to rise​

The Australian share market looks set to rise again on Tuesday following a decent start to the week on Wall Street.

According to the latest SPI futures, the ASX 200 is poised to open the day 19 points or 0.2% higher.
.
The seemingly relentless rally on Wall Street drove U.S. stocks to more records on Monday.

The S&P 500 rose 0.4% after erasing a modest loss from the morning. The Dow Jones Industrial Average added 66 points, or 0.1%, and the Nasdaq composite climbed 0.7%. It’s the third straight day where all three indexes set an all-time high.

“Every time the market seems to be running out of momentum, it fools most of us by pushing to higher heights,” said Jay Woods, chief market strategist at Freedom Capital Markets.

 

[bigdog]

US stocks slip as Wall Street's relentless rally takes a pause

U.S. stock indexes are holding near their record heights. The S&P 500 slipped 0.2% Tuesday. The Dow Jones Industrial Average added 38 points, and the Nasdaq composite fell 0.3%.

apnews.com

US stocks slip as Wall Street’s relentless rally takes a pause​

By STAN CHOE
Updated 6:51 AM GMT+10, September 24, 2025

NEW YORK (AP) — U.S. stock indexes slipped on Tuesday as Wall Street took a pause from its relentless rally.

The S&P 500 dipped 0.6%. The Dow Jones Industrial Average dropped 88 points, or 0.2%, and the Nasdaq composite sank 0.9%.

It’s the first pullback for the indexes after the trio set all-time highs in each of the last three days. Since surging from a bottom in April, the broad U.S. stock market has been facing criticism that it’s shot too high, too fast and become too expensive. Even the head of the Federal Reserve, Jerome Powell, said on Tuesday that stock prices broadly look “fairly highly valued.”

Nvidia weighed on the market after giving back some of its big gain from the day before, when it announced a partnership with OpenAI to build out data centers. Wall Street’s most influential stock lost 2.8%.

Other Big Tech stocks that have been some of the biggest reasons for Wall Street’s run to records gave back some of their big gains. Amazon fell 3%, and Microsoft slipped 1%.

But a 2% rise for Boeing helped limit the market’s losses after Uzbekistan Airways agreed to buy 14 of its Dreamliner airplanes and said it may add eight more to the order.

Kenvue climbed 1.6% and recovered some of its drop from Monday, when it had sunk on worries that President Donald Trump would say its Tylenol product may increase the risk of autism in children. Trump did warn pregnant women about taking Tylenol, but he did not seem to cite any significant new research to back it up. Kenvue has disputed any link between the drug and autism.

All told, the S&P 500 fell 36.83 points to 6,656.92. The Dow Jones Industrial Average dropped 88.76 to 46,292.78, and the Nasdaq composite sank 215.50 to 22,573.47.

Gold, meanwhile, continued its record-breaking rally and briefly topped $3,800 per ounce. It’s soared nearly 45% so far this year, even more than the U.S. stock market, in part on expectations that the Fed will cut interest rates to help the slowing U.S. job market.

Worries about potentially high inflation because of White House influence on the Fed, along with mountains of debt for the U.S. and other governments, have also sent gold’s price higher.

Powell said again on Tuesday that the Fed is stuck in an unusual position because worries about the job market are rising at the same time that inflation has stubbornly remained above its 2% target. They were his first public remarks since the Fed cut its main interest rate last week for the first time this year.

Fed officials have penciled in more cuts to rates through the end of this year and into next, but they are remaining wary because lower rates can also give inflation more fuel.

An update on Friday will show how much prices are rising for U.S. households based on the Fed’s preferred measure of inflation, and economists expect it to show a slight acceleration for last month.

A preliminary report suggested activity at U.S. businesses is still growing, but at a slower pace as tariffs raise prices for them. Companies may be finding it difficult to pass those higher costs fully on to customers because of “weaker demand and stiff competition,” according to S&P Global.

The numbers suggest that inflation could moderate for U.S. households, but not by so much that it drops below the Fed’s 2% target in the coming months, according to Chris Williamson, chief business economist at S&P Global Market Intelligence.

In the bond market, Treasury yields ticked lower. The yield on the 10-year Treasury eased to 4.11% from 4.15% late Monday.

In stock markets abroad, indexes were mixed amid modest moves across much of Europe and Asia.

France’s CAC 40 rose 0.5%, and Hong Kong’s Hang Seng fell 0.7% for two of the bigger moves. Japan’s stock market was closed for a national holiday.

ASX 200 expected to fall​

The Australian share market looks set to snap its winning streak on Wednesday following a poor night of trade on Wall Street.

According to the latest SPI futures, the ASX 200 is expected to open the day 31 points or 0.35% lower this morning.
.
U.S. stock indexes slipped on Tuesday as Wall Street took a pause from its relentless rally.

The S&P 500 dipped 0.6%. The Dow Jones Industrial Average dropped 88 points, or 0.2%, and the Nasdaq composite sank 0.9%.

It’s the first pullback for the indexes after the trio set all-time highs in each of the last three days. Since surging from a bottom in April, the broad U.S. stock market has been facing criticism that it’s shot too high, too fast and become too expensive. Even the head of the Federal Reserve, Jerome Powell, said on Tuesday that stock prices broadly look “fairly highly valued.”

All told, the S&P 500 fell 36.83 points to 6,656.92. The Dow Jones Industrial Average dropped 88.76 to 46,292.78, and the Nasdaq composite sank 215.50 to 22,573.47.

 

[bigdog]

US stocks slip again as Wall Street’s rally loses steam

U.S. stock indexes drifted lower as a seemingly relentless rally on Wall Street takes at least a pause.

apnews.com

US stocks slip again as Wall Street’s rally loses steam​

By STAN CHOE
Updated 6:55 AM GMT+10, September 25, 2025

NEW YORK (AP) — U.S. stock indexes drifted lower on Wednesday as a seemingly relentless rally on Wall Street takes at least a pause.

The S&P 500 slipped 0.3% for a second straight, modest loss. The Dow Jones Industrial Average dropped 171 points, or 0.4%, and the Nasdaq composite fell 0.4%. All three are still near their all-time highs, which were set on Monday.

It’s a slowdown following the U.S. stock market’s blistering run since hitting a low in April, fueled by hopes that President Donald Trump’s tariffs won’t derail global trade and that the Federal Reserve will cut interest rates several times to boost the U.S. economy. The rally was so big that it raised concerns about stock prices shooting too high and becoming too expensive, particularly if the Fed does not deliver as many cuts to rates as traders expect.

Demonstrating the weight of high expectations, Micron Technology’s stock fell 2.8% even though it reported a better profit and revenue for the latest quarter than analysts expected. The computer memory company also gave a forecast for profit in the current quarter that blew past analysts’ expectations.

Typically, such a performance would send a stock higher. But Micron’s stock came into the day with an atypical, stunning gain of 97.7% for the year so far.

Freeport-McMoRan sank 17% for one of the market’s larger losses after the miner said it expects sales of copper to be 4% lower in the third quarter than it had earlier forecast. It also said sales of gold will likely be roughly 6% lower than earlier expected.

On the winning side of Wall Street was Lithium Americas. It soared 95.8% following reports that the U.S. government is considering taking an ownership stake in the Canadian company, which is developing a lithium project in Nevada with General Motors.

Lithium Americas, based in Vancouver, said it’s in talks with the U.S. Department of Energy and GM about drawing on a previously announced $2.26 billion loan from the government. The Energy Department is making “incremental requests” to add more conditions before Lithium Americas can make its first draw, among other things, the company said.

Under Trump, the U.S. government has already taken a 10% ownership stake in Intel, the struggling computer chip company.

Homebuilders also rose after a report said U.S. sales of new homes were stronger in August than economists had forecast and unexpectedly accelerated.

Lennar climbed 2%, while PulteGroup and D.R. Horton both added 0.7%.

All told, the S&P 500 fell 18.95 points to 6,637.97. The Dow Jones Industrial Average dropped 171.50 to 46,121.28, and the Nasdaq composite sank 75.62 to 22,497.86.

In stock markets abroad, indexes were mixed in Europe and Asia. Hong Kong’s Hang Seng jumped 1.4%, and France’s CAC 40 fell 0.6% for two of the bigger moves.

In the bond market, the yield on the 10-year Treasury rose to 4.14% from 4.12% late Tuesday.

ASX 200 expected to fall​

The Australian share market looks set to fall again on Thursday following a poor night on Wall Street.

According to the latest SPI futures, the ASX 200 is expected to open the day 41 points or 0.45% lower this morning.
.
U.S. stock indexes drifted lower on Wednesday as a seemingly relentless rally on Wall Street takes at least a pause.

The S&P 500 slipped 0.3% for a second straight, modest loss. The Dow Jones Industrial Average dropped 171 points, or 0.4%, and the Nasdaq composite fell 0.4%. All three are still near their all-time highs, which were set on Monday.

It’s a slowdown following the U.S. stock market’s blistering run since hitting a low in April, fueled by hopes that President Donald Trump’s tariffs won’t derail global trade and that the Federal Reserve will cut interest rates several times to boost the U.S. economy. The rally was so big that it raised concerns about stock prices shooting too high and becoming too expensive, particularly if the Fed does not deliver as many cuts to rates as traders expect.

 

[bigdog]

Wall Street stumbles again for a 3rd straight loss

Wall Street stumbled to its longest losing streak in more than a month as U.S. stocks gave back more of this year's big gains.

apnews.com

Wall Street stumbles again for a 3rd straight loss​

By STAN CHOE
Updated 7:34 AM GMT+10, September 26, 2025

NEW YORK (AP) — Wall Street stumbled to a third straight loss on Thursday as U.S. stocks gave back more of their big gains for the year so far.

The S&P 500 fell 0.5% and marked its longest losing streak in more than a month. The Dow Jones Industrial Average dropped 173 points, or 0.4%, and the Nasdaq composite sank 0.5%. All three indexes are still near their records set at the start of the week, though.

Stocks felt pressure from reports showing the U.S. economy may be stronger than economists thought. While that’s encouraging news for workers and for people looking for jobs, it could make the Federal Reserve less likely to cut interest rates several times in the coming months.

The Fed just delivered its first cut of the year last week, and officials had penciled in more through the end of next year. That was critical for Wall Street after U.S. stocks shot to records since April in large part because of expectations for rate cuts. Easier rates can boost the economy and make investors more willing to pay high prices for stocks and other investments.

But a stronger-than-expected economy could remove some of the Fed’s urgency, particularly because cuts to rates carry the risk of worsening inflation that’s already stubbornly high. If the Fed doesn’t cut rates as often as investors expect, it would empower criticism that the U.S. stock market is too expensive after rising so much, so quickly.

“Buckle up,” warned Jonathan Krinsky, chief market technician at financial services firm BTIG.

Stocks look to be in their most vulnerable position since their April lows given how much complacency has built up and how the rubber band has recently been “as stretched as it gets in some parts of the market,” Krinsky wrote in a research report.

Wall Street’s ultimate hope is that the U.S. economy stays in a delicate balance where it’s slow enough to convince the Fed to cut rates but doesn’t become so weak that it leads to a recession.

Treasury yields ticked higher in the bond market as traders pared bets for the number of upcoming cuts to rates by the Fed. The yield on the 10-year Treasury rose to 4.17% from 4.16% late Wednesday.

One of Thursday’s stronger-than-expected economic reports said that fewer U.S. workers filed for unemployment benefits last week. That could be a signal that the pace of layoffs is slowing.

Another report said the U.S. economy grew at a faster pace during the spring than earlier thought, while a third said orders blew past economists’ expectations last month for U.S. manufactured goods with a relatively long life span.

On Wall Street, CarMax tumbled 20.1% after the seller of used autos reported a weaker profit for the latest quarter than analysts expected. It sold fewer vehicles during the quarter than it had a year earlier. It also was hurt because it increased its expectations for losses from loans made in earlier years.

Jabil fell 6.7% even though it reported a stronger profit for the latest quarter than analysts expected, thanks in part to demand coming because of artificial intelligence. It also gave forecasts for upcoming revenue and profit that topped analysts’ expectations.

Such moves typically send a stock’s price higher, but Jabil came into the day with an already huge gain of 56.6% for the year so far. That was more than quadruple the S&P 500’s rise over the same time.

Another AI winner, Oracle, gave back 5.6%. Earlier this month, it surged to its best day since 1992 after announcing several big contracts signed because of AI.

Starbucks slipped 0.5% after the coffee chain announced a $1 billion plan to restructure, including the closure of stores and the cutting of 900 nonretail jobs.

On the winning side of Wall Street was IBM. It rose 5.2% after HSBC announced a promising trial with IBM of quantum computing in hopes of improving bond trading. The bank said they delivered an improvement of up to 34% in predicting how likely a trade would be filled at a quoted price.

Companies are racing to develop quantum computing in order to solve complex problems beyond the reach of classical computers.

KB Home swung between gains and losses after the homebuilder reported a stronger profit for the latest quarter than analysts expected. CEO Jeffrey Mezger said he was encouraged to see mortgage rates ease through the quarter, which could encourage more potential customers to buy homes.

Mortgage rates have been sinking on expectations for coming cuts to rates by the Fed. KB Home’s stock finished the day with a dip of 0.6%.

All told, the S&P 500 fell 33.25 points to 6,604.72. The Dow Jones Industrial Average dropped 173.96 to 45,947.32, and the Nasdaq composite sank 113.16 to 22,384.70.

In stock markets abroad, indexes dipped in Europe following modest moves across much of Asia.

ASX 200 expected to rise​

The Australian share market looks set to edge higher on Friday despite a poor night in the United States.

According to the latest SPI futures, the ASX 200 is expected to open 8 points higher this morning.
.
Wall Street stumbled to a third straight loss on Thursday as U.S. stocks gave back more of their big gains for the year so far.

The S&P 500 fell 0.5% and marked its longest losing streak in more than a month. The Dow Jones Industrial Average dropped 173 points, or 0.4%, and the Nasdaq composite sank 0.5%. All three indexes are still near their records set at the start of the week, though.

Stocks felt pressure from reports showing the U.S. economy may be stronger than economists thought. While that’s encouraging news for workers and for people looking for jobs, it could make the Federal Reserve less likely to cut interest rates several times in the coming months.

All told, the S&P 500 fell 33.25 points to 6,604.72. The Dow Jones Industrial Average dropped 173.96 to 45,947.32, and the Nasdaq composite sank 113.16 to 22,384.70.