Market Wrap | S&P 500 Rises as Fed Rate Cuts Loom and Tech Sector Shines

On September 8, 2025, the S&P 500 Index rose by 0.21%, the Dow Jones Industrial Average increased by 0.25%, and the Nasdaq Composite Index gained 0.45%. The U.S. Senate Banking Committee is set to vote on the nomination for a Federal Reserve Board member on September 10, which could influence future monetary policy. Meanwhile, Barclays and Standard Chartered have differing views on the extent of Federal Reserve rate cuts this year, with Barclays predicting three 25-basis-point cuts and Standard Chartered expecting a 50-basis-point cut in September.

Based on the day's market performance, the technology sector, non-essential consumer goods sector, and industrial sector outperformed the S&P 500. Notably, the technology sector demonstrated exceptional performance. Conversely, the utilities sector, healthcare sector, essential consumer goods sector, energy sector, and real estate sector moved in the opposite direction of the S&P 500.

Microsoft and Nebius have signed a cloud infrastructure agreement valued at $19.4 billion, causing Nebius shares to jump over 30% post-market. Meanwhile, the Nasdaq Golden Dragon China Index rose by 2.12%, with major Chinese stocks like NetEase and Baidu experiencing significant gains. The Federal Reserve's interest rate decisions remain a focal point, with Barclays predicting three rate cuts by the end of 2025, each by 25 basis points, while Standard Chartered expects a 50 basis point rate cut in September. Robinhood Markets has been added to the S&P 500 Index, marking a significant milestone for the company known for its role in the meme stock frenzy.