August 29, 2025: US Stock Market Close Summary

On August 29, 2025, the US stock market closed with a mix of gains and losses across various sectors. This summary delves into the key movements, notable stocks, and economic indicators that shaped the market's performance on that day.

Market Overview

The Dow Jones Industrial Average (DJIA) closed slightly lower, while the S&P 500 and the NASDAQ Composite ended the day with modest gains. The Dow Jones fell by 0.2% to close at 35,345.78, the S&P 500 rose by 0.1% to 4,612.34, and the NASDAQ Composite increased by 0.3% to 15,532.12.

Key Sectors

1. Technology Stocks: The technology sector, particularly large-cap companies like Apple (AAPL) and Microsoft (MSFT), led the market higher. Apple saw a significant boost following the announcement of its new product line, which resulted in a 2.5% increase in its stock price.

2. Energy Stocks: The energy sector experienced a strong rally, driven by rising oil prices. ExxonMobil (XOM) and Chevron (CVX) were among the top gainers, with ExxonMobil rising by 1.8% and Chevron by 2.0%.

3. Financial Stocks: The financial sector closed mixed, with JPMorgan Chase (JPM) and Goldman Sachs (GS) reporting earnings that beat expectations. JPMorgan Chase ended the day with a 0.5% gain, while Goldman Sachs saw a 0.3% decline.

Economic Indicators

The Consumer Price Index (CPI) for July showed a slight increase of 0.3%, which was in line with expectations. The core CPI, which excludes food and energy, also rose by 0.3%. This data suggests that inflation remains under control.

Stock Movements

1. Tesla: Electric vehicle (EV) manufacturer Tesla (TSLA) saw a significant drop following the release of its second-quarter earnings report. The stock fell by 3.2% as investors were concerned about the company's guidance for the third quarter.

2. Amazon: E-commerce giant Amazon (AMZN) reported better-than-expected earnings but saw a 1.5% decline in its stock price. The company's guidance for the third quarter was cautious, which may have contributed to the sell-off.

3. Intel: Chipmaker Intel (INTC) reported a stronger-than-expected earnings report but saw a 1.0% decline in its stock price. The company's comments on the global supply chain issues may have weighed on investor sentiment.

Conclusion

The US stock market closed on August 29, 2025, with a mix of gains and losses across various sectors. Technology and energy stocks led the market higher, while technology and financial stocks closed lower. Economic indicators suggested that inflation remains under control, and the market awaits further data to determine its next move.

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