Equity Alert
US indices gain Thu as economic data cements rate cut hopes
This story was originally published at 07:31 IST on 5 September 2025
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Equity Alert: US indices gain Thu as economic data cements rate cut hopes
MUMBAI--0722 IST--US stock indices ended higher Thursday as economic data boosted hope of a rate cut by the Federal Reserve in September. The data showed initial claims for state unemployment benefits i the US rose by 8,000 to a seasonally adjusted 237,000 for the week ended Aug. 30, higher than a forecast of 230,000.
Investors now await the US August employment report later in the day, which is another crucial parameter in determining the Fed's rate cut trajectory. Currently, there is a 96% probability of a 25-basis-point cut at the Fed's September meeting, according to the CME Fedwatch tool. "The labour market data we're going to get--payrolls--tomorrow I don't see really changing anything significantly because (Fed Chair Jerome) Powell has effectively already told us we're getting a cut unless it's really, really out of bounds," Reuters quoted Mike Dickson, head of research and quantitative strategies at Horizon Investments, as saying.
Gains in technology majors such as Broadcom, Amazon, and Meta Platforms also drove the market. Broadcom gained 1% ahead of its quarterly results and Amazon surged over 4%. JetBlue Airways said it would partner with Amazon subsidiary Project Kuiper, a low Earth orbit satellite broadband internet network, to improve its onboard Wi-Fi, Reuters reported. Meta ended 2% higher.
Apparel maker American Eagle Outfitters skyrocketed 38?ter the company forecast third-quarter comparable sales above estimates. Salesforce fell 5% after the company forecast third-quarter revenue below estimates.
Following are the closing levels of US indices Thursday:
| INDEX | LAST LEVEL | CHANGE IN % |
| Dow Jones Industrial Average | 45621.29 | 0.77 |
| NASDAQ Composite | 21707.694 | 0.98 |
| S&P 500 | 6502.08 | 0.83 |
(Akash Mandal)
End
US$1 = INR 88.15
Edited by Avishek Dutta
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