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US markets end mostly in red on Friday
Sep-13-2025

The US markets ended mostly in red on Friday as traders looked ahead to the Federal Reserve's monetary policy announcement next Wednesday. Traders are likely to pay close attention to the Fed's accompanying statement as well as Fed Chair Jerome Powell's post-meeting comments for clues about the likelihood of further rate cuts. However, Nasdaq Composite finished higher on Friday, scoring a new all-time intraday and closing high during the session. On the sectoral front, biotechnology stocks showed a substantial move to the downside on the day, with the NYSE Arca Biotechnology Index tumbling by 2.5 percent. Considerable weakness was also visible among networking stocks, as reflected by the 2.3 percent slump by the NYSE Arca Networking Index. The index gave back ground after finishing the previous session at a record closing high.

Housing stocks also saw significant weakness on the day, moving notably lower along with airline, healthcare and pharmaceutical stocks. On the economic data front, preliminary data released by the University of Michigan showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index fell to 55.4 in September from 58.2 in August. Street had expected the index to edge down to 58.0. 

Dow Jones Industrial Average fell 273.78 points or 0.59 percent to 45,834.22 and S&P 500 lost 3.18 points or 0.05 percent to 6,584.29, while Nasdaq surged 98.03 points or 0.44 percent to 22,141.1.


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