Wall Street Today: The US benchmark indices opened higher on Friday, 3 October 2025, as investors’ hopes emerged for a potential US Federal Reserve (Fed) interest rate cut later this month, reported the news agency Reuters.
The US Federal Reserve’s FOMC, in its last meeting, cut its key benchmark interest rate by 25 basis points to its current level of 4.00% to 4.25%. The central bank aims to assess more data to determine if rates can be cut further.
Even though Powell warned about the risk of inflation in the US economy if the benchmark rates are cut too aggressively, market investors are looking forward to the upcoming US Fed meeting, scheduled for 28-29 October 2025, for a potential rate cut.
Dow Jones Today
At 9:30 a.m. (EDT), The Dow Jones Industrial Average opened 0.14% higher at 46,583.95 points, compared to 46,519.72 points at the previous Wall Street close.
UnitedHealth Group Inc., Caterpillar Inc., Johnson & Johnson, Travelers Cos. Inc., International Business Machines Corp., Visa Inc., Sherwin-Williams Co., Salesforce Inc., Amgen Inc., Merck & Co. Inc., JPMorgan Chase & Co., Procter & Gamble Co., Coca-Cola Co., Goldman Sachs Group Inc., Microsoft Corp., Verizon Communications Inc., Cisco Systems Inc., Walt Disney Co., Walmart Inc., McDonald’s Corp., Honeywell International Inc., Apple Inc., American Express Co., 3M Co., Boeing Co., Amazon.com Inc., NVIDIA Corp., Home Depot Inc., and Chevron Corp. were among the gainers, while Nike Inc. was among the laggards, according to MarketWatch data.
S&P 500 Today
The S&P 500 index rose 0.10% to open at 6,722.14 points, compared to 6,715.35 points at the previous trading session. The index is trading 0.52% higher at 6,749.90 points as of 12:08 p.m. (EDT).
Humana Inc., Cigna Group, Elevance Health Inc., Zebra Technologies Corp., Fair Isaac Corp., Constellation Energy Corp., Baxter International Inc., Align Technology Inc., Williams-Sonoma Inc., and NextEra Energy Inc. were among the top gainers on Friday’s US market session.
While other companies like Las Vegas Sands Corp., Wynn Resorts Ltd., Palantir Technologies Inc., Jabil Inc., Nike Inc., Applied Materials Inc., Philip Morris International Inc., MGM Resorts International, Tesla Inc., and Generac Holdings Inc. were among the laggards.
Nasdaq Today
The Nasdaq Composite index opened 0.18% higher at 22,886.157 points, compared to 22,844.05 points at the previous market close, according to MarketWatch data.
Actelis Networks Inc., Epsium Enterprise Ltd, Dragonfly Energy Holdings Corp., Brand Engagement Network Inc., Apollomics Inc., Xcel Brands Inc., Generation Income Properties Inc., Plug Power Inc., CN Healthy Food Tech Group Corp., and Cheer Holding Inc. were among the gainers on Friday.
While others like Smart Digital Group Ltd, Black Titan Corp., American Rebel Holdings Inc., Leap Therapeutics Inc., AquaBounty Technologies Inc., Masonglory Ltd, Pitanium Ltd, Premium Catering (Holdings) Ltd, Concorde International Group Ltd, and Jayud Global Logistics Ltd were among the laggards.
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