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Stock Market Summary
September 4, 2025
All four major indexes—S&P 500, Nasdaq, Dow Jones Industrial Average, and Russell 2000—closed at their highs of the day.
Three of the four reached all-time closing highs, with the exception of the Nasdaq.
Barring unexpected news, these three should see their highest-ever intraday levels during the next trading session.
The recent rally is broad-based, partly supported by the rise in the Russell 2000 small-cap index. If the September rate cut materializes, it should further fuel growth in small-cap stocks.
All eyes are now on the August jobs report, due out before Friday’s opening bell. In the short term, it is difficult to gauge how investors will react, but a market-friendly report could help maintain a bullish tone over the next two weeks leading into the FOMC’s interest rate decision.
The above reflects my opinion. It is not a buy or sell recommendation.