Stock Market Update
28-Aug-25 15:25 ET
S&P 500 and Nasdaq Composite seek record closing highs
Dow +70.80
at 45636.03,
Nasdaq +127.17
at 21715.92,
S&P +22.15
at 6503.55
[BRIEFING.COM] The S&P 500 (+0.4%) and Nasdaq Composite (+0.6%) both trade above their record closing levels as the market enters the final half hour of trading.
An early slide in NVIDIA (NVDA 180.64, -0.96, -0.53%) following the company's earnings report made for a bumpy morning in the stock market, but strong performances in other mega-cap names, encouraging economic data, and a lack of headwind headlines have the major averages plotting new session highs just before the close.
Investor focus now turns to tomorrow's PCE report as expectations for a rate cut at the ever-closer September FOMC meeting have held steady throughout the week.
In other Fed news, Bloomberg reports that Fed Governor Lisa Cook's lawyers suggest that a "clerical error" is behind the mortgage issues that prompted her firing by President Trump.
