LIVE MARKETS-US stocks lower after data flurry ahead of holiday weekend

ReutersAug 29, 2025 3:06 PM

Main US indexes decline; Nasdaq off >1%
Tech weakest S&P 500 sector; Staples leads gainers
Euro STOXX 600 index off ~0.5%
Dollar dips; crude down ~1%; bitcoin falls >3%; gold gains
U.S. 10-Year Treasury yield edges up to ~4.23%

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US STOCKS LOWER AFTER DATA FLURRY AHEAD OF HOLIDAY WEEKEND

Equities were lower in the early stages of trading on Friday after a host of economic data in what is likely to be a light volume session ahead of the extended weekend for the Labor Day holiday.

While the PCE reading on inflation matched expectations across the board, the Chicago purchasing managers index came in at 41.5 as it remained in contraction and was short of the 46.0 estimate, while the final reading of consumer sentiment from the University of Michigan came in at 58.2, slightly below the 58.6 estimate.

On the plus side, Consumer Staples .SPLRCS is leading sector gains, while Tech .SPLRCT is the worst performing sector, weighed down by a 9% drop in Dell DELL.N after its quarterly results.

Despite hitting record highs earlier this week, each of the major U.S. indexes are on track for slight declines for the week. But the Dow .DJI and S&P .SPX are both on pace for a fourth straight monthly gain, while the Nasdaq .IXIC is on track for its fifth-straight gain.

Below is your market snapshot:

(Chuck Mikolajczak)

EARLIER ON LIVE MARKETS:

U.S. STOCK FUTURES PARE LOSSES JUST SLIGHTLY AFTER AS EXPECTED PCE CLICK HERE

LIGHT AT THE END OF THE TUNNEL FOR EUROPE'S AUTOS? CLICK HERE

IS THE EURO SET TO MAKE HISTORY? CLICK HERE

BUYING LE DIP CLICK HERE

STOXX DIPS, BRITISH BANKS RETREAT CLICK HERE

EUROPE BEFORE THE BELL: STEADY START EXPECTED BEFORE INFLATION FIGURES CLICK HERE

WAITING ON PCE FOR RATE CLUES CLICK HERE

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

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