TheDrop Market Analysis, 09/09/25

Markets rose to near all-time or all-time records as a poor jobs revision by the Bureau of Labor Statistics further increased odds of an interest rate cut this month.

Chair of the U.S. Federal Reserve Bank Jerome Powell.

The S&P 500 index rose 0.3%, the Dow 30 index rose 0.5%, and the Nasdaq composite rose 0.4%, reflecting the overall sentiment upward due to the BLS's latest jobs revision. Surprisingly though, the 10-Yr bond rate grew despite lower interest rates concerns, possibly fueled by strong economic feelings overall. The VIX volatility index fell very slightly, by a mere 0.46%.

While ETFs rose, cryptocurrencies and even fiats weakened. The FTSE 100 and the Nikkei 225 both surged, fueled by the U.S. Dollar being the world reserve currency and thus interest rates predictions having not only a domestic impact but a global one, too. With this came a weaker dollar, Bitcoin, XRP, gold, and silver, as lower rates would reduce the valuations of many of these respective fiats and cryptos.

Following the BLS's jobs revision for the period between April 2024 and March 2025, which showed a nearly one million figure in job losses, investors, rather than complaining like they usually would, instead celebrated the news as a strong indicator that the Federal Reserve would pursue even deeper rate cuts, potentially in the 50 basis point territory like they committed to just last year.

The Magnificent Seven's overall performance, with the exception of Apple stock falling due to limited enthusiasm for the latest announcement of the iPhone Air, reflected the strong investor enthusiasm following the BLS revision. Google led growth as investors continue to see it more favorably as the new leader of the AI innovation movement, comparable to Nvidia in development.