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Wall St mixed ahead of Fed's rate decision; Nvidia slips
Wall Street traded mixed on September 17, 2025, as investors awaited an anticipated interest rate cut by the U.S. Federal Reserve. The market has priced in a 25 basis point cut amid signs of a weakening labor market. Traders are also closely monitoring Fed Chair Jerome Powell's speech and the updated "dot plot" to gauge future policy direction. While the Dow Jones rose 0.54% helped by financial stocks like American Express and Goldman Sachs, the S&P 500 was down 0.07%, and the Nasdaq declined 0.33%, pulled lower by tech stocks.
Wall Street ticks toward another record as Intel and Nvidia rally
Wall Street moved closer to record highs on September 18, 2025, fueled by a strong rally in tech stocks, particularly Intel and Nvidia. The S&P 500 rose 0.4%, the Nasdaq climbed 0.8%, while the Dow dipped slightly. Intel shares surged 26%—its best day since 1987—after Nvidia announced a $5 billion investment in Intel as part of a partnership to develop custom products for data centers and PCs. Nvidia also rose 2.5%, strengthening its position as the most valuable U.S. company.
S&P 500, Nasdaq futures hit record high after Fed points to further rate cuts
U.S. stock index futures, particularly those tied to the S&P 500 and Nasdaq, reached record highs on September 18, 2025, following the Federal Reserve's decision to implement a quarter-point interest rate cut—the first for the year. Fed Chair Jerome Powell emphasized that the weakening labor market was a central concern, suggesting that additional rate cuts could occur in October and December. Investors now expect approximately two more quarter-point cuts by the end of 2025.