09.09.202520:02:32UTC+00Dow, S&P 500, Nasdaq 100 Close at Records

On Tuesday, US stock markets closed on a positive note, with all three significant indices reaching new record highs, even amid indications of a decelerating economy. The S&P 500 and the Nasdaq 100 experienced a 0.3% increase, while the Dow Jones climbed by 197 points. Investors analyzed revised labor data revealing that the US workforce grew by 911,000 fewer jobs than previously estimated for the year ending in March—a notable downward adjustment not seen since 2002. This weaker employment data has fueled expectations for a potential rate cut by the Federal Reserve next week, with discussions centering around the potential size of this reduction. The energy sector led the day's gains, whereas the materials sector lagged behind. In the megacap category, Meta saw a 1.8% rise, and Alphabet increased by 2.4%. However, Apple faced a 1.5% decline following the unveiling of its iPhone 17 lineup, which has sparked concerns about its long-term demand. The focus now shifts to the Producer Price Index (PPI) and Consumer Price Index (CPI) reports due this week, which will be scrutinized for clues about the Federal Reserve's policy trajectory.