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US Stocks Slip as Wall Street’s Relentless Rally Takes a Pause

  • On September 24, 2025, U.S. stocks paused their months-long rally as the S&P 500 dipped 0.6%, Dow Jones fell 0.2%, and Nasdaq sank 0.9%.
  • The pause followed Federal Reserve Chair Jerome Powell's remarks in Rhode Island warning of no risk-free path amid inflation stubbornly above 2%.
  • Powell cautioned against easing too fast to avoid unfinished inflation control and against tight policy prolonging labor market softening, while Asian shares mostly declined.
  • Tech giants Nvidia and Amazon dragged down the indexes, with Nvidia losing 2.8% after its recent gains driven by AI bets; Powell said stocks were fairly highly valued.
  • The market pullback after recent all-time highs amid mixed Fed messages and pending inflation and jobs data suggests ongoing uncertainty about future rate cuts and economic risks.
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The Seattle Times broke the news in Seattle, United States on Monday, September 22, 2025.
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