Overview
- After Thursday’s surge to record closes for the Dow, S&P 500 and Nasdaq, U.S. stocks were mixed on Friday as traders looked to the Sept. 16–17 Fed meeting.
- August consumer prices rose 0.4% from July and 2.9% year over year, a monthly reading slightly above forecasts that investors still viewed as compatible with easing.
- Weekly jobless claims climbed to 263,000, the highest since 2021, reinforcing signs of a cooling labor market.
- CME FedWatch showed a strong majority expecting a 25 basis‑point cut next week, while 10‑year Treasury yields hovered around 4.02% to 4.06%.
- Market drivers included Oracle’s jump on bold cloud targets and a Wall Street Journal–reported roughly $300 billion OpenAI deal, Warner Bros Discovery’s rally on takeover reports, and Paris stocks edging higher as investors awaited a Fitch review of France’s rating.