Overview
- The Dow rose 1.36% to 46,108.00, the S&P 500 gained 0.85% to 6,587.47, and the Nasdaq added 0.72% to 22,043.07, all closing at record highs.
- Consumer prices increased 0.4% in August and 2.9% from a year earlier, while weekly initial jobless claims climbed to 263,000, the highest since 2021.
- Market pricing via CME FedWatch points to strong odds of a 25 bp cut on Sept. 16–17, with many analysts expecting as much as 75 bp of total easing by year-end.
- The 10-year Treasury yield eased to about 4.02% as rate-cut expectations firmed.
- Oracle fell after Wednesday’s surge on bullish cloud guidance, Klarna slid on its second trading day, and Paris stocks advanced as investors looked past French political upheaval ahead of the ECB decision and a potential Fitch move.