US open: Dow Jones gives back some of Friday's solid gains
By Iain Gilbert
Date: Monday 25 Aug 2025
(Sharecast News) - Major indices were in the red early on Monday after the blue-chip Dow Jones rocketed to fresh intraday and closing records in the previous session.
As of 1525 BST, the Dow Jones Industrial Average was down 0.44% at 45,430.60, while the S&P 500 shed 0.21% to 6,453.39 and the Nasdaq Composite came out of the gate just 0.01% softer at 21,495.37.
The Dow opened 201.14 points lower on Monday, taking a bite out of solid gains recorded in the previous session after Federal Reserve chairman Jerome Powell opened the door to rate cuts at his keynote Jackson Hole address.
Powell seemingly indicated that the central bank may begin easing monetary policy at its September meeting, sending expectations for a 25-basis-point rate cut to around 84%, from roughly 75% earlier in the week.
Swissquote's Ipek Ozkardeskaya said: "Investors lapped up Jerome Powell's words like honey on Friday, as the man has apparently been troubled enough by the latest weakness in jobs numbers to say that this situation 'suggests that downside risks to employment are rising' and that 'if those risks materialize, they can do so quickly in the form of sharply higher layoffs and rising unemployment'. And no one wants that to happen - especially after heavy criticism from the White House pointing at Powell as Mr Too Late.
"Powell's message was too clear to be questioned regarding a September action. With a dovish policy shift in hand, the door is open to fresh positive pressure across the equity markets."
On Monday's macro slate, the Chicago Federal Reserve's national activity index ticked down to -0.19 in July, down from June's revised -0.18 reading, indicating that US economic activity remained below its historical averages for a fourth month in a row.
Elsewhere, sales of new single-family homes eased by 0.6% in July, according to the Census Bureau, dropping to a seasonally adjusted annualised rate of 652,000 units, trimming the revised 4.1% increase in the prior month but coming in ahead of expectations of 630,000.
Still to come, the Dallas Federal Reserve's manufacturing business index will follow at 1530 BST.
No major corporate earnings were scheduled for release on Monday, with investors looking ahead to quarterly numbers from the likes of Nvidia and Dell later in the week.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Nike Inc. (NKE) $79.47 4.32%
Caterpillar Inc. (CAT) $433.98 3.85%
Dow Chemical Co. (DOW) $24.58 3.78%
Goldman Sachs Group Inc. (GS) $742.07 3.65%
American Express Co. (AXP) $317.50 3.03%
Home Depot Inc. (HD) $408.54 2.73%
Boeing Co. (BA) $228.85 1.96%
Walt Disney Co. (DIS) $118.27 1.77%
3M Co. (MMM) $156.96 1.67%
JP Morgan Chase & Co. (JPM) $295.36 1.33%
Dow Jones - Fallers
Verizon Communications Inc. (VZ) $44.03 -2.21%
Coca-Cola Co. (KO) $69.65 -1.42%
Amgen Inc. (AMGN) $290.74 -1.01%
Procter & Gamble Co. (PG) $157.38 -0.85%
Walmart Inc. (WMT) $97.40 -0.57%
Merck & Co. Inc. (MRK) $85.69 -0.45%
Travelers Company Inc. (TRV) $273.90 -0.37%
Johnson & Johnson (JNJ) $178.79 -0.08%
Cisco Systems Inc. (CSCO) $67.27 -0.07%
Dowdupont Inc. (DWDP) $0.00 0.00%
S&P 500 - Risers
CenturyLink Inc. (LUMN) $4.66 8.24%
Alaska Air Group Inc. (ALK) $59.17 7.75%
HF Sinclair Corporation (DINO) $49.19 6.82%
Royal Caribbean Cr (RCL) $346.40 6.57%
Carnival Corp. (CCL) $31.08 6.20%
Bath & Body Works, Inc. (BBWI) $31.23 6.15%
Celanese Corp. (CE) $47.38 6.03%
Norwegian Cruise Line Holdings Ltd (NCLH) $24.73 5.84%
Macerich Co (MAC) $18.07 5.77%
PVH Corp. (PVH) $80.61 5.55%
S&P 500 - Fallers
Eversource Energy (ES) $61.77 -5.58%
Cencora Inc (COR) $291.65 -3.82%
Quest Diagnostics (DGX) $177.82 -3.21%
McKesson Corp. (MCK) $686.34 -2.78%
American Airlines Group (AAL) $13.18 -2.77%
Cardinal Health Inc. (CAH) $147.60 -2.62%
Philip Morris International Inc. (PM) $170.06 -2.54%
Bristol-Myers Squibb (BMY) $47.33 -2.28%
Verizon Communications Inc. (VZ) $44.03 -2.21%
AT&T Inc. (T) $28.81 -2.16%
Nasdaq 100 - Risers
NetEase Inc. Ads (NTES) $137.89 4.55%
Baidu Inc. (BIDU) $93.13 3.47%
Netflix Inc. (NFLX) $1,231.80 2.25%
Seagate Technology Plc (STX) $162.44 2.03%
Trip.com Group Limited (TCOM) $66.13 1.86%
Western Digital Corp. (WDC) $78.13 1.50%
KLA-Tencor Corp. (KLAC) $882.24 1.37%
Wynn Resorts Ltd. (WYNN) $115.72 1.23%
Lam Research Corp. (LRCX) $101.31 1.23%
Take-Two Interactive Software Inc. (TTWO) $231.63 1.14%
Nasdaq 100 - Fallers
Qvc Group Inc Series A (QVCGA) $4.59 -2.96%
American Airlines Group (AAL) $13.18 -2.77%
J.B. Hunt Transport Services Inc. (JBHT) $147.40 -1.82%
Align Technology Inc. (ALGN) $147.00 -1.72%
PACCAR Inc. (PCAR) $99.82 -1.65%
DENTSPLY Sirona Inc. (XRAY) $14.43 -1.57%
QUALCOMM Inc. (QCOM) $155.59 -1.53%
Mercadolibre Inc. (MELI) $2,395.16 -1.46%
Idexx Laboratories Inc. (IDXX) $636.40 -1.42%
Regeneron Pharmaceuticals Inc. (REGN) $581.39 -1.37%
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