US Equity Indexes Rise Ahead of Close Following Revisions in Nonfarm Payrolls

03:55 PM EDT, 09/09/2025 (MT Newswires) -- US equity indexes rose ahead of the close on Tuesday as a downward revision in annual nonfarm payrolls lifted bets for interest-rate cuts.

The Nasdaq Composite rose 0.3% to 21,860.5, within touching distance of a recent peak of 21,885.62. The S&P 500 is also up 0.2% to 6,508.8, near its all-time high of 6,532.65. The Dow Jones Industrial Average is 0.4% higher at 45,716.8, trading close to its record high of 45,770.20.

Energy and communication services were among the top gainers in the final hours of trading. Materials and industrials led the decliners.

The Bureau of Labor Statistics' preliminary estimate of its benchmark revision to nonfarm payrolls is for a downward adjustment of 911,000 jobs, or 0.6% of total employment, the BLS announced on Tuesday. BLS said the absolute average revision over the last 10 years is 0.2%.

Treasury yields rose, with the 10-year up nearly 3.8 basis points to 4.08% and the two-year yield climbed 5.7 basis points to 3.55%.

Markets are currently pricing in a 92% probability, versus 89% a day ago, that the Federal Open Market Committee will reduce its benchmark lending rate by a quarter percentage point on Sept. 17, according to the CME FedWatch tool. The remaining 8% odds are in favor of a 50-basis-point cut next week.

In company news, UnitedHealth Group's (UNH) shares jumped 9% ahead of the close, the top gainer on the S&P 500 and the Nasdaq, after the company said its interim data suggest about 78% of its membership is in 4-star or higher plans, consistent with expectations and past performance.

West Texas Intermediate crude oil futures climbed 0.7% to $62.70 a barrel.

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