Live Markets: Stocks slip on economic uncertainty as earnings season approaches
09/10/2025 21:34
Adds blog post
Wall Street equity indexes fall, Dow weakest
Materials biggest laggard; cons staples sole gainer
Dollar up; crude, bitcoin, gold all fell >1%
U.S. 10-year Treasury yield up at ~4.14%
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STOCKS SLIP ON ECONOMIC UNCERTAINTY AS EARNINGS SEASON APPROACHES
U.S. stocks closed modestly lower on Thursday, with the S&P 500 .SPX and Nasdaq .IXIC retreating from record levels as the government shutdown extended into its ninth day and left investors stranded without economic data and growing concerns about the quality of any economic releases upon reopening.
Markets were also bracing for the start of earnings season, when banks such as JP Morgan JPM.N and Goldman Sachs GS.N report results early next week.
Adding to the jitters were recent comments from JP Morgan CEO Jamie Dimon and International Monetary Fund chief Kristalina Georgieva about the potential risk of large market corrections, as various valuation measures show equity markets as expensive, while the bull market for the S&P 500 approaches its three-year anniversary.
While losses in the main indexes were modest, defensive consumer staples .SPLRCS was the only one of the S&P 500's 11 major sectors that ended the day with a gain. More than three S&P 500 sectors dropped more than 1%, led by a 1.5% decline in materials .SPLRCM.
Declining issues outnumbered advancers by a 2.91-to-1 ratio on the NYSE and by a 1.75-to-1 ratio on the Nasdaq.
Below is your closing market snapshot:
(Chuck Mikolajczak)
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EARLIER ON LIVE MARKETS:
SWEDISH KRONA HAS MORE ROOM FOR UPSIDE CLICK HERE
U.S. HOMEBUILDERS HEAD FOR BIG WEEKLY LOSSES AMID MARGIN, DEMAND CONCERNS CLICK HERE
RECORD HIGHS BREED LARGE CAP FATIGUE CLICK HERE
HOW SHORTS ARE PLAYING THE GOLD RALLY CLICK HERE
CAN A PRODUCTIVITY SURGE RESCUE THE DOLLAR? CLICK HERE
U.S. EQUITY FUTURES TAKE A BREATHER AS INVESTOR FOCUS SHIFTS TO POWELL'S REMARKS CLICK HERE
DEUTSCHE TURNS POSITIVE ON LUXURY CLICK HERE
METALS BACK AT CENTRE OF GLOBAL ECONOMY - SAXO CIO CLICK HERE
HAS FED RATE PRICING GONE TOO DOVISH? CLICK HERE
BEFORE THE BELL: EUROPE STEADY, TSMC BEATS, FERRARI GOES ELECTRIC CLICK HERE
ASIA STOCKS TAKE TECH TRAIN TO NEW HEIGHTS CLICK HERE
Eu open https://tmsnrt.rs/3VXp11d
Market_Snapshot_Oct 9 https://tmsnrt.rs/470BDK0
Closing levels Oct 9 https://fingfx.thomsonreuters.com/gfx/mkt/lgvdayqgjpo/Pasted%20image%201760040898184.png