Stock Market today: Live updates – September 10, 2025
Stocks rose sharply Thursday as cooling inflation and a weakening labor market increased expectations for an interest rate cut by the Federal Reserve. The Dow Jones Industrial Average closed higher, fueled by gains in banking and consumer stocks.
The Producer Price Index (PPI) unexpectedly fell 0.1% in August,according to data released Thursday. This follows revisions downward to recent job growth figures. Weekly jobless claims also jumped, increasing by 27,000 to a seasonally adjusted 263,000 for the week ended Sept. 6 – the highest level since October 2021. analysts had predicted 235,000 claims.
Treasury yields declined following the economic data releases, with the yield on the benchmark 10-year treasury dropping to 4%.
Markets are now pricing in a quarter percentage point cut at the conclusion of the Fed‘s Sept. 17 meeting with near certainty, according to the CME FedWatch tool. The probability of a half percentage point cut has also increased.
“A quarter-point cut is a layup and the number still keeps a half-point cut on the table, especially when looking at the jobless data,” said Jay Woods, chief market strategist at freedom Capital Markets. “the bottom line is watch the 10-year Treasury yield. If we see a 3-handle on the 10-year, than the market could rally here.”
Thursday’s gains were broad-based, with JPMorgan and Walmart among the companies seeing their stock prices rise on expectations of lower interest rates.
