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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>Rich AsplundFri, Sep 12, 2025, 10:36 PM 7 min readThe S&P 500 Index ($SPX) (SPY) on Friday closed down -0.05%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.59%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.42%.  September E-mini S&P futures (ESU25) fell -0.06%, and September E-mini Nasdaq futures (NQU25) rose +0.41%.Stock indexes settled mixed on Friday, as higher bond yields sparked long liquidation in equities.  The 10-year T-note yield rose +5 bp to 4.06%.  Also, the larger-than-expected decline in the University of Michigan US Sep consumer sentiment index to a 4-month low weighed on stock prices.Warren Buffett Warns Markets Aren’t Always Rational, Says If There Was ‘Oil Discovered in Hell’ Then ‘All of the Oil Men’ Would March ThereThis Is How You Can Hedge Your Bets on Tesla Stock and ‘The Largest AI Project on Earth’Top Drone Stock Picks: After the Red Cat Rally, Use This Watchlist to Spot the Next BreakoutStop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!Stocks initially moved higher on Friday, with the S&P 500 and Nasdaq 100 posting new all-time highs.  Friday’s weaker-than-expected report on US consumer sentiment for September added to this week’s Fed-friendly news that has bolstered the outlook for Fed interest rate cuts and supported this week’s rally in the major stock indexes to new record highs.Most major US benchmark indexes, including the S&P 500, the Dow Jones Industrials, and the Nasdaq 100, posted record highs this week, driven by expectations of Fed interest rate cuts.  Stocks rallied to new all-time highs this week as weak labor market news and relatively contained inflation reports bolstered expectations for at least a 25 bp rate cut by the Fed at next week’s FOMC meeting and a total of 75 bp of rate cuts by year’s end.In a negative factor for the US economy, today’s University of Michigan US Sep consumer sentiment index fell -2.8 to a 4-month low of 55.4, weaker than expectations of 58.0.The University of Michigan Sep 1-year inflation expectations were unchanged from Aug at +4.8%, right on expectations.  However, Sep 5-10 year inflation expectations unexpectedly increased to +3.9% from +3.5% in Aug, higher than expectations of a decline to +3.4%.The markets are pricing in a 100% chance of a -25 bp rate cut and an 8% chance of a -50 bp rate cut at the upcoming FOMC meeting on September 16-17.  After the fully expected -25 bp rate cut at the Sep 16-17 meeting, the markets are discounting a 91% chance of a second -25 bp rate cut at the Oct 28-29 meeting.  The markets are pricing in an overall -70 bp rate cut in the federal funds rate by year-end to 3.63% from the current 4.33% rate.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,584.29 -3.18 (-0.05%)Dow 3045,834.22 -273.78 (-0.59%)Nasdaq22,141.10 +98.03 (+0.44%)Russell 20002,397.06 -24.47 (-1.01%)VIX14.76 +0.05 (+0.34%)Gold3,686.40 +12.80 (+0.35%)PortfolioSign in to access your portfolioSign inTop gainersIONQ IonQ, Inc. 55.61 +8.56 (+18.19%)WBD Warner Bros. Discovery, Inc. 18.87 +2.70 (+16.70%)BMNR Bitmine Immersion Technologies, Inc. 55.09 +7.30 (+15.28%)BTDR Bitdeer Technologies Group 16.15 +2.04 (+14.46%)RGTI Rigetti Computing, Inc. 19.09 +2.40 (+14.38%)Top losersOPEN Opendoor Technologies Inc. 9.07 -1.45 (-13.78%)CACC Credit Acceptance Corporation 474.44 -50.56 (-9.63%)NAMS NewAmsterdam Pharma Company N.V. 24.19 -2.41 (-9.06%)ANET Arista Networks Inc 139.39 -13.65 (-8.92%)ARX Accelerant Holdings 17.21 -1.49 (-7.97%)Most activeOPEN Opendoor Technologies Inc. 9.07 -1.45 (-13.78%)WBD Warner Bros. Discovery, Inc. 18.87 +2.70 (+16.70%)TSLA Tesla, Inc. 395.94 +27.13 (+7.36%)GRAB Grab Holdings Limited 6.00 +0.47 (+8.50%)RGTI Rigetti Computing, Inc. 19.09 +2.40 (+14.38%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersOPEN Opendoor Technologies Inc. 9.07 -1.45 (-13.78%)ADBE Adobe Inc. 349.36 -1.19 (-0.34%)WBD Warner Bros. Discovery, Inc. 18.87 +2.70 (+16.70%)TSLA Tesla, Inc. 395.94 +27.13 (+7.36%)FIGR Figure Technology Solutions, Inc. Class A Common Stock 32.50 +1.39 (+4.47%)Top economic events