Wall Street Hits Record Highs as Rate-Cut Bets Gain Traction
Posted on Sep 06, 2025 / USA
Wall Street responded swiftly to the sluggish jobs figures, with major indexes hitting intraday record highs amid renewed expectations of Federal Reserve rate cuts. The S&P 500 climbed approximately 0.45%, the Dow rose 0.16%, and the Nasdaq advanced 0.71%. Semiconductor giant Broadcom surged over 10% on strong AI chip sales and bullish forward guidance, while Tesla stock rallied following news of a potential $1 trillion CEO pay package tied to performance. Market breadth improved notably, with gains led by real estate and housing stocks—though consumer discretionary equities, including Lululemon, lagged sharply.
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