New high noted by its Nasdaq Composite index Wall Street On Friday (12.9.2025), as investors interpreted signs of labor and mild inflation weakening as an indication that the US Federal Bank (FED) will reduce interest rates next week.
Specifically, Wall Street’s Nasdaq, with high technology companies, closed 0.44% to 22,141.10, with Tesla rising. The broader S&P 500 index remained almost unchanged, with only 0.05% drop to 6,584.29. Dow Jones Industrial Average lost 273.78 points, or 0.59%, closing at 45,834.22 points. Having closed on record levels on Thursday, with Dow finishing over 46,000 points for the first time, and the three main indicators now seem to complete a week with profits.
The S&P 500, which has risen 1.7% since the beginning of the week, is on the run for its best weekly performance since early August and Thursday positive week at six. Nasdaq is on the run for the second consecutive week of profit with a rise of 2.1% during that period, while Dow is ready to record the first positive week to three, after a rise of 1.1% from the beginning of the week.
Investors are now preparing for Fed’s decision to reduce the basic interest rate on September 17. Future fulfillment markets invoice a decrease of one quarter of the percentage with almost certainty, according to the CME Fedwatch tool.
The financial data published this week would support such a decision, according to Bill Northey, an investment director at the US Bank Wealth Management. The consumer price index was slightly higher than expected for August on Thursday, but usually the critical report on inflation was overshadowed by weekly applications for unemployment benefits, which had an unexpected rise to the highest level since October 2021.