Stock Market Mixed; Exxon Surges, Toll Brothers Dips
Update: 2025-12-09
Description
The stock market experienced a mix of results today, with the S&P 500 maintaining its position near its record high. The Dow Jones Industrial Average dipped slightly, while the Nasdaq composite edged up. Investors are closely monitoring potential interest rate cuts from the Federal Reserve. Exxon Mobil surged over 2% following an increased profit forecast, while homebuilder Toll Brothers saw shares fall 1.2% after weaker-than-expected results. The Federal Reserve is expected to cut interest rates tomorrow, which could boost the economy but also potentially worsen inflation. In the bond market, Treasury yields rose after a report showed 7.7 million job openings in October, suggesting a strong job market that might influence the Federal Reserves decision. Ares Management jumped nearly 9% after being added to the S&P 500 index, while CVS Health rose over 3% on positive financial forecasts. However, Home Depot dipped slightly after predicting a potential shrink in the home improvement market.
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