Stock Market Update
24-Sep-25 15:00 ET
Major averages hold on to modest losses in late afternoon
Dow -144.33
at 46148.24,
Nasdaq -75.41
at 22498.07,
S&P -20.25
at 6636.66
[BRIEFING.COM] The S&P 500 (-0.4%), Nasdaq Composite (-0.4%), and DJIA (-0.3%) are little changed from previous levels as the market enters the final hour of trading.
The small-cap Russell 2000 (-0.8%) and S&P Mid Cap 400 (-0.6%) hold slightly wider losses, though their performance today has mirrored that of their larger counterparts.
Chicago Fed President Austan Goolsbee (voting FOMC member) said that a weakening job market does not signal a recession, with Mr. Goolsbee against an additional series of rate cuts, according to Financial Times.
Despite varying commentary from FOMC members this week, rate cut expectations have been largely unchanged. According to the CME FedWatch tool, markets are pricing in a 91.9% chance of at least a 25-basis point cut at the October meeting (up from 87.4% last week) and a 75.2% chance of an additional cut by December (down from 81.8% last week).
