On September 6, 2025, Wall Street faced a notable decline, with the S&P 500 falling 2.12% to 5,528.93, the Dow Jones Industrial Average dropping 1.51% to 40,936.93, and the Nasdaq Composite decreasing 3.26% to 17,136.30. This downturn was influenced by weaker-than-expected economic data, including a disappointing jobs report for July, which showed fewer job additions and a rise in the unemployment rate to 4.3%. These indicators heightened recession fears and intensified expectations for Federal Reserve rate cuts. Traders are now anticipating three rate cuts this year—in September, November, and December—with a 50 basis-point reduction expected in September. nz.finance.yahoo.com
The technology sector was particularly impacted, with Nvidia's stock plummeting nearly 10%, marking the largest single-day market value loss in U.S. history at $279 billion. Other major tech companies, including Alphabet, Apple, and Microsoft, also saw significant declines. Energy stocks were not immune, as Exxon Mobil's shares fell 1.2% amid a drop in U.S. crude oil prices below $70 per barrel. Healthcare companies like Eli Lilly and Co., Elevance Health, and Centene also experienced losses. Additionally, U.S. Steel's shares sank 17.5% following news that the Biden administration is considering blocking its acquisition by Japan's Nippon Steel. ca.finance.yahoo.com