Thursday Morning Coffee - Markets Update - 4 Sep 2025 - Wall Street Climbs as Rate-Cut Hopes Hold; Salesforce Slumps, Gold Near Records

The Trade Academy Team
Sep 4, 2025
2 min read

Markets Update: U.S. stocks advanced Thursday after fresh labor market data reinforced expectations that the Federal Reserve will deliver an interest rate cut this month, even as some corporate earnings weighed on sentiment.

Global Markets Roundup: 4 September 2025

The Dow Jones Industrial Average gained 325.18 points, or 0.72%, to 45,596.41. The S&P 500 added 36.04 points, or 0.56%, to 6,484.30, while the Nasdaq Composite rose 124.88 points, or 0.58%, to 21,622.61.

Data Keeps Fed Cut in Focus

Jobless claims rose more than forecast and private payrolls slowed in August, underscoring signs of cooling in the labor market. Traders see a 95% probability of a 25 basis-point cut at the upcoming Fed meeting, according to CME’s FedWatch Tool—confidence that has grown since July’s weak payrolls report and Chair Jerome Powell’s dovish remarks.

Big Tech, Retail Drive Gains

Amazon climbed more than 3% and Meta rose over 1%, helping lift the broader market. Broadcom, seen as a bellwether for artificial intelligence demand, gained 1.2% ahead of its earnings release after the close.

Retailer American Eagle Outfitters jumped after projecting stronger-than-expected third-quarter comparable sales.

Salesforce, however, weighed on sentiment with a 5.2% drop after forecasting revenue below Wall Street’s estimates, raising concerns about weaker monetization of its AI agent platform.

Market Breadth and Seasonality

On the NYSE, advancing issues outpaced decliners by more than 2-to-1, with 181 new highs versus 53 new lows. Nasdaq breadth was narrower, with gainers edging losers 2,340 to 2,120.

September has historically been a challenging month for equities: since 2000, the S&P 500 has averaged a 1.5% decline, LSEG data shows.

Currency and Commodities

The dollar index DXY rose 0.20% to 98.334, with the greenback strengthening 0.33% to 148.585 against the yen USDJPY and 0.22% to 0.80615 against the Swiss franc. The euro EURUSD slipped 0.13% to $1.16455.

Crude oil prices retreated: WTI crude settled 0.8% lower at $63.48 a barrel, while Brent crude dropped 0.9% to $66.99.

Gold futures eased 0.6% to $3,613.60 an ounce on profit-taking but remain near Wednesday’s record high of $3,640.10 and are up 4% on the week.

Grains Mixed

Chicago Board of Trade November soybeans added 1½ cents to $10.33 a bushel after hitting their lowest level since August 12, managing to close above key moving averages. December corn edged 1¾ cents higher to $4.19¾ a bushel, supported by its 50-day average.

December wheat touched a contract low of $5.14½ a bushel before settling 2½ cents lower at $5.19½. The thinly traded September contract came within three-quarters of a cent of its record low, while other contracts marked lifetime lows.

Looking forward refer to the economic calendar below to see the upcoming events scheduled for today and the rest of the week.

General news - Information source from multiple newswires.

The article and the data is for general information use only, not advice!

The Trade Academy Team