U.S. stocks opened lower on Thursday, September 25, as investors digested fresh jobs data and rising bond yields that weighed heavily on tech shares. The pullback marked a shaky start after two straight sessions of losses on Wall Street.<\/p>\n\n\n\n
The Dow Jones Industrial Average<\/strong> fell more than 120 points, while the S&P 500<\/strong> dropped 0.68%. The Nasdaq Composite<\/strong> led declines with a 1.15% dip, pressured by weakness in tech giants like Oracle and Nvidia.<\/p>\n\n\n\n The retreat follows back-to-back down days earlier this week, a reversal from the recent rally that had pushed major indexes to record highs. Bitcoin also slipped, trading near $111,000<\/strong> as broader risk sentiment cooled.<\/p>\n\n\n\n Thursday\u2019s moves came after the Labor Department<\/strong> reported that initial jobless claims fell to 218,000<\/strong> for the week ending September 20 a drop of 14,000 from the prior week and well below expectations of 235,000.<\/p>\n\n\n\n While fewer unemployment filings suggest a resilient labor market, the stronger-than-expected data raised questions about how much room the Federal Reserve<\/strong> has to ease policy.<\/p>\n\n\n\n Beyond jobless claims, other reports painted a solid economic picture:<\/p>\n\n\n\n The next big test for markets will come Friday with the release of the August PCE index<\/strong>, the Fed\u2019s preferred inflation gauge. Analysts expect signs of easing price pressures, which could reinforce bets that the Fed will cut interest rates again at its October and December meetings.<\/p>\n\n\n\n Despite three days of turbulence, analysts say investor sentiment remains broadly optimistic. Many believe today\u2019s market won\u2019t follow the usual historical patterns tied to fundamentals and valuations. Instead, traders are betting that Fed policy will continue to support risk assets in the months ahead.<\/p>\n\n\n\n For now, Wall Street remains in wait-and-see mode, balancing strong economic signals with expectations of further rate cuts.<\/p>\n","protected":false},"excerpt":{"rendered":" U.S. stocks opened lower on Thursday, September 25, as investors digested fresh jobs data and rising bond yields that weighed heavily on tech shares. The pullback marked a shaky start after two straight sessions of losses on Wall Street. Major Indexes Slide in Early Trading The Dow Jones Industrial Average fell more than 120 points,…<\/p>\n","protected":false},"author":3,"featured_media":11635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[628,1733,1163],"class_list":["post-11634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-nasdaq","tag-tech-stocks","tag-wall-street"],"yoast_head":"\nJobs Data Fuels Market Jitters<\/h3>\n\n\n\n
Stronger Economy, But Fed Still in Focus<\/h3>\n\n\n\n
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The Bigger Picture<\/h3>\n\n\n\n