Nasdaq hits a record, traders are waiting for Fed meeting

Nasdaq set a record high near Friday in a mixed transaction, raised by Microsoft as investors examined a Federal Reserve policy meeting next week, when it is widely expected to reduce interest rates to deal with the job market slowdown.

Tesla’s supply and other technology -related reserves, Nasdaq added to a rally in the previous session that saw all three markers hit all the high levels.

Investors focus on the Fed meeting on Tuesday and Wednesday. Traders expect the Central Bank to reduce interest rates by 25 basis points, as recent data have shown long -term inability to hire and relax inflation concerns.

“Because we had such a nice jump on the Stock Exchange yesterday, investors are essentially catching their breath,” said Sam Stovall, a head of investment general at CFRA Research. “There’s not really going to be data from now until Wednesday.

Microsoft won 1.8% after the technological giant avoided a possible EU antitrust fine, offering customers to reduce prices for team products excluding teams.

Tesla jumped by 7.4% after the chairman of the Board of Directors Robyn Denholm rejected concerns that CEO Elon Musk’s political activity hurt sales to the electric vehicle manufacturer and said the billionaire was “front and center” at the company after several months. With the increase in Friday, Tesla’s shares remain below 2% in 2025.

Goldman Sachs reductions and Sherwin-Williams paint manufacturer kept the industrial average Dow Jones on negative soil. The S&P 500 fell marginally.

Research by the University of Michigan showed us that our consumer feeling fell for a second straight month in September, as consumers saw increasing risks to business conditions, the labor market and inflation.

The S&P 500 decreased by 0.05% to terminate the session to 6,584.29 points. Nasdaq won 0.45% to 22,141,10 points, while the Dow Jones industrial average decreased by 0.59% to 45,834.22 points.

Seven of the 11 S&P 500 sector indicators decreased, led by healthcare, reduced by 1.13%, followed by a loss of 0.97%.

Following evidence of deterioration of the job market, future interest rates contracts reflect the expectations of cuts totaling 75 base points by the end of the year.

For the week, the S&P 500 increased by 1.6%, Dow rose almost 1%and Nasdaq added 2%, helping to revive artificial intelligence after the strong prediction of computing computing Oracle on Tuesday.

Warner Bros Discovery rose 17%, expanding an increase on Wednesday, when a source said Paramount Skydance was preparing an offer for the media racing company.

The shares of vaccine manufacturers declined after a report saying that US health officials are planning to connect the crowns to the deaths of 25 children. Moderna decreased by 7.4%, while Pfizer and Novavax lost more than 3%. The decrease in stocks exceeded increasing increasing within the S&P 500 with a reason of 3.3 to one.