04 Oct 2025 | 5 Mins Read
Stocks reach record highs except for the Nasdaq
Flipitmoney
The S&P 500 and Dow Jones Industrial Average reached record closing highs while the Nasdaq fell. The S&P 500 technology sector declined, with Applied Materials down 2.7% after forecasting a revenue hit. The Institute for Supply Management's services employment index contracted for the fourth consecutive month, increasing expectations for interest rate cuts.