Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 3, 2025. <\/p>\n
Jeenah Moon | Reuters<\/p>\n
Stocks rose marginally on Friday following a winning session that sent indexes to new records as the Federal Reserve’s decision to cut interest rates set in investors’ minds.<\/p>\n
The S&P 500<\/a> gained 0.1%, while the Nasdaq Composite<\/a> advanced 0.2%. The Dow Jones Industrial Average<\/a> added 2 points, hovering above the flatline. <\/p>\n The small-cap Russell 2000<\/a> dipped 0.7%, taking back some gains this week after the index touched a fresh record high earlier in the session.<\/p>\n Apple<\/a> led the way higher, rising about 2%, as the company’s latest iPhone went on sale around the world. Tesla shares were also up more than 1.5%.<\/p>\n “The market is being held afloat by the earnings numbers,” said Aswath Damodaran, a professor at New York University’s Stern School of Business, on CNBC’s “Closing Bell.”<\/a> “As long as the earnings numbers keep coming in, there is no catalyst for an adjustment.”<\/p>\n “It’s not just Big Tech. It’s not just tech,” he added. “It’s collectively all stocks.”<\/p>\n Wall Street is on pace to post strong weekly gains. The S&P 500 and Dow are up 0.8% and 0.7%, respectively, while the Nasdaq is up 1.7%. The Russell 2000 has outperformed, rising more than 2%, and on pace for its seventh weekly advance.<\/p>\n Stocks also got a boost this week after the Fed\u00a0lowered its benchmark overnight lending rate<\/a>\u00a0by a quarter percentage point, its first rate reduction since December. The move was widely expected by markets, but stocks had a volatile session on the back of the decision after Fed Chair Jerome Powell in his press conference<\/a>\u00a0characterized the decision as a “risk management cut.”<\/p>\n","protected":false},"excerpt":{"rendered":"Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September…\n","protected":false},"author":2,"featured_media":3737,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[5892,2339,138,553,2705,2185,30397,220,2707,2711,111,139,69,29256,2706,2710,2340,1430],"class_list":["post-31719","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-apple-inc","tag-breaking-news-markets","tag-business","tag-business-news","tag-dow-jones-fut-sep25","tag-dow-jones-industrial-average","tag-gold-comex-dec25","tag-markets","tag-nasdaq-100-fut-sep25","tag-nasdaq-composite","tag-new-zealand","tag-newzealand","tag-nz","tag-russell-2000-index","tag-sp-500-fut-sep25","tag-sp-500-index","tag-stock-markets","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/31719","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=31719"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/31719\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/3737"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=31719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=31719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=31719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}