Stock Market Update
25-Aug-25 15:40 ET
Major averages on the defensive near session's end
Dow -314.19
at 45317.55,
Nasdaq +10.98
at 21506.12,
S&P -16.58
at 6450.33
[BRIEFING.COM] The Nasdaq Composite (+0.1%) now defends its flatline while the S&P 500 (-0.3%) and DJIA (-0.7%) trade lower.
Stocks unsurprisingly succumbed to some profit-taking after Friday's record high levels, with seven S&P 500 sectors poised to finish with a loss.
All of those seven sectors hold a loss of 0.5% or wider, with the consumer staples (-1.5%) and health care (-1.5%) sectors retreating the furthest.
Friday's rally followed increased expectations for a rate cut at the September FOMC meeting. The probability of a 25-basis point rate cut at the September FOMC meeting now stands at 82.2%, nearly identical to the 82.7% probability from one week ago, according to the CME FedWatch tool.
