S&P 500 closed Thursday 10/9 at 6735, down 0.3% for the day. Consumer sentiment report tomorrow. Bank earnings next week [View all]

Last edited Thu Oct 9, 2025, 08:20 PM - Edit history (180)

Treasury 10 Year yield: 4.15% ( +.02 ). It was 4.01% on 9/11, which was the lowest point in several months
https://finance.yahoo.com/quote/%5ETNX/

Market news of the day: https://finance.yahoo.com/
https://finance.yahoo.com/news/live/stock-market-today-dow-slides-sp-500-nasdaq-retreat-from-records-as-rally-takes-another-breather-200146963.html

Oct 9 note: Scroll down to see earlier in the day reports - there are many other economic stories today than what's in their / my summary

US stocks retreated Thursday as investors paused to assess the optimism around AI and interest-rate cuts that has buoyed markets amid the government shutdown.

The S&P 500 (^GSPC) lost around 0.3% after another record close for the broad benchmark on Wednesday, as Wall Street returned to rally mode. The tech-heavy Nasdaq Composite (^IXIC) traded about 0.1% lower, faring better thanks to a run higher from Nvidia (NVDA), which closed at its latest record.

The Dow Jones Industrial Average (^DJI) fell 0.6%. Meanwhile, the torrid rally in gold (GC=F) took a pause amid signs of profit-taking, last seen back below $4,000 per troy ounce.

The mood is muted as the ongoing federal shutdown puts off scheduled data releases, including the jobless claims update that had been due Thursday. That has put the focus more firmly on coming earnings, watched for insight into the economy's health and to test high-running hopes for an AI boom.

PepsiCo (PEP) eked out quarterly profit and revenue beats, ushering in the third-quarter earnings season, which kicks off in earnest with big bank reports next week. Delta Air Lines (DAL) results also surpassed expectations, helping the carrier lead other airline stocks higher.

Earnings season kicks off in earnest next week, when the biggest US banks offer their third-quarter reports.

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Consumer Sentiment is scheduled to be reported Friday 10 AM ET by the University of Michigan, always interesting.
The last consumer sentiment looked like this:

https://www.democraticunderground.com/10143528951#post4

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The S&P 500 closed Thursday October 9 at 6735, down 0.3% for the day,
and up 16.5% from the 5783 election day closing level,
and up 12.3% from the inauguration eve closing level,
and up 14.5% year-to-date (since the December 31 close)

S&P 500
# Election day close (11/5/24) 5783
# Last close before inauguration day: (1/17/25): 5997
# 2024 year-end close (12/31/24): 5882
# Trump II era low point (going all the way back to election day Nov5): 4983 on April 8

# Several market indexes: https://finance.yahoo.com/
# S&P 500: https://finance.yahoo.com/quote/%5EGSPC/
https://finance.yahoo.com/quote/%5EGSPC/history/

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I'm not a fan of the DOW as it is a cherry-picked collection of just 30 stocks that are price-weighted, which is silly. It's as asinine as judging consumer price inflation by picking 30 blue chip consumer items, and weighting them according to their prices. But since there is an automatically updating embedded graphic, here it is. It takes several, like 6 hours, after the close for it to update, like about 10 PM EDT.
(If it still isn't updated, try right-clicking on it and opening in a new tab. #OR# click on https://finance.yahoo.com/quote/%5EDJI/ ).

The Dow closed Wednesday at 46,602, and it closed Thursday at 46,358, a drop of 0.5% (243 points) for the day

I don't maintain statistics for the DOW like percent up or down since election day, or year-to-date, or from the all-time high etc. like I do for the S&P 500.

https://finance.yahoo.com/
DOW: https://finance.yahoo.com/quote/%5EDJI/
. . . . . . https://finance.yahoo.com/quote/%5EDJI/history/

DOW
# Election day close (11/5/24) 42,222
# Last close before inauguration day: (1/17/25): 43,488
# 2024 year-end close (12/31/24): 42,544

DJIA means Dow Jones Industrials Average. It takes about 6 hours after the close to update, so check it after 10 PM EDT. Sometimes it takes a couple days (sigh)



I don't have an embeddable graph for the S&P 500, unfortunately, but to see its graph, click on https://finance.yahoo.com/quote/%5EGSPC/

While I'm at it, I might as well show Oil and the Dollar:

Crude Oil


US Dollar Index (DX-Y.NYB)


If you see a tiny graphics square above and no graph, right click on the square and choose "load image". There should be a total of 3 graphs. And remember that it typically takes about 6 hours after the close before these graphs update.