10:15 13 September 2025
Nasdaq Hits Record High as Wall Street Awaits Fed Decision
U.S. markets closed mixed on Friday as investors paused after a week of strong gains, with the Nasdaq finishing at an all-time high. The tech-heavy index rose 0.45 percent to 22,141.10 points, supported by sharp gains in Microsoft and Tesla. The S&P 500 slipped 0.05 percent to 6,584.29, while the Dow Jones fell 0.59 percent to 45,834.22, weighed down by losses in Goldman Sachs and Sherwin-Williams.
Microsoft climbed 1.8 percent after sidestepping a potential EU antitrust fine by offering Office packages without Teams. Tesla surged 7.4 percent after Chair Robyn Denholm reassured investors that Elon Musk’s political activity had not hurt sales. Despite Friday’s rally, Tesla shares remain down 2 percent year-to-date.
Market sentiment cooled following weaker-than-expected consumer data from the University of Michigan, which showed inflation expectations ticking higher. Investors now await next week’s Federal Reserve meeting, where a 25-basis-point rate cut is widely expected. Meanwhile, oil prices rose after a Ukrainian drone strike on a Russian port, while gold extended its rally, staying near record highs.
