The S&P 500 reached new high in closure Wall Street On Wednesday (10.9.25), after the unexpected drop in wholesale prices, a welcome development for investors demanding reduction of interest rates by the federal bank next week to stimulate the economy.
Specifically, in the closure of Wall Street, the S&P 500 rose +0.31%, while Nasdaq was marginally +0.03%. On the contrary, Dow Jones fell -0.48% due to Apple’s fall, as his latest announcement failed to impress investors, recording the biggest loss among key indicators.
By the end of the session, most of the upward movement had disappeared, with Oracle
And the shares linked to artificial intelligence have noted the biggest profits. There were more losers to the S&P 500 than the winners, according to the CNBC.
The climate was initially higher after the last indication of the producer price index which showed that wholesale prices decreased by 0.1% in August. Economists who participated in a Dow Jones poll had estimated an increase of 0.3%. The Producer Price Index, which excludes food and energy prices, also decreased by 0.1%, while general estimation reported 0.3%