Wall Street: Nasdac performed a record high hit in Friday’s mixed business session. Microsoft’s shares were strongly rapidly supported by the index. Investors’ eyes are fixed on the Federal Reserve policy meeting to be held next week. People hope that interest rates will be cut to control the recession in the employment market.
Nasdac further carried forward the previous session on the basis of Tesla and other tech stocks. The three important American index reached their all -time high. Investors are eyeing the Fed meeting to be held on Tuesday and Wednesday. Traders hope that US Fed will cut 25 basis points in interest rates. Recent data shows that there has been a long -term weakness in the employment rate. On the other hand, the concerns of inflation are decreasing.
CFRA Research Chief Investment Strategist Sam Stove Said, “Yesterday the stock market has seen a strong boom, so investors are breathe of relief. Now no big figures are coming till Wednesday. It is a watched and weight market market in a way.”
Microsoft saw a rise of 1.8 per cent yesterday. This tech veteran has saved itself from the possible fines of the European Union by offering low -price offers to customers for their second office products, except teams.
Tesla’s shares saw a rise of 7.4 per cent after Tesla’s board chair Robin Denhom rejected the concerns of the company’s CEO Elon Musk’s political activities being affected by the political activities of Electric vehicle manufacturer. Despite the rise of Friday, Tesla’s stock has been a weakness of 2 per cent so far in 2025.
Dow Jones was in the industrial average red mark due to a decline in Goldman Sachs and paint-making Sherwin-Ciliums. S&P 500 declined slightly.
Survey from the University of Michigan has revealed that the US consumer sentiment has declined for the second consecutive month in September. Consumers feel the rising risk of commercial conditions, labor markets and inflation.
On Friday, the S&P 500 index fell 0.05 per cent to close at 6,584.29 points. The Nasdaq index rose 0.45 per cent to close at 22,141.10 points and the Dow Jones Industrial Average Index fell 0.59 per cent to close at 45,834.22 points.
Seven out of 11 S&P 500 sector indexes declined. Health service was at the forefront of this decline. This index saw a decline of 1.13%. This was followed by a decline of 0.97 percent in materials.