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Monday, September 29, 2025

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Nasdaq, S&P 500 hit new closing highs on rate cut hopes

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US stocks extended their winning streak on Wednesday, with the Nasdaq and S&P 500 settling at record closing highs for the second straight session.
 
Even though technology shares remained a bit sluggish compared to the previous day, positive momentum prevailed due to rate cut hopes.
 
The Dow Jones Industrial Average index rose over one per cent to 44,922, the S&P 500 gained over 0.3 per cent to close at 6,467, and the Nasdaq Composite Index added 0.14 per cent to close at 21,713.
                                                                                                             
 
 
 
 
 
 

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