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US stocks fall: Dow, S&P 500, Nasdaq drop on jobless claims dip; investors watch fed, Starbucks job cuts, Carmax earnings
The Economic Times· 2025-09-25 14:46
Stock rally slows down because investors are debating if AI enthusiasm is making tech stocks too expensive. Optimism from the Federal Reserve’s plan to lower interest rates is fading because some policymakers do not agree on cutting rates again this year, as per Yahoo Finance report.US jobless claims drop, GDP surges218,000 Americans filed for unemployment in the week ending Sept. 20, down from 232,000 previously; continuing claims also slightly fell to 1.92 million, as per the US Department of Labor. US I ...