RTTNewsยท2025-10-03 20:22Market Performance - Major averages experienced mixed results, with the Nasdaq falling by 63.54 points (0.3%) to 22,780.51, while the S&P 500 rose by 0.44 points (less than 0.1%) to 6,715.79, and the Dow increased by 238.56 points (0.5%) to 46,758.28 [1] - Despite the mixed performance on the day, the Nasdaq gained 1.3% for the week, while both the Dow and S&P 500 rose by 1.1%, with the latter two closing at new record highs for six consecutive sessions [2] Sector Performance - Healthcare stocks showed significant gains, with the Dow Jones Health Care Index climbing by 1.1% to its highest closing level in over six months [7] - Telecom, banking, and airline stocks also exhibited strength, while retail and semiconductor stocks faced declines [7] Company-Specific News - Palantir's shares dropped by 7.5% following a report indicating security issues in a U.S. Army communications network modernization project [3] - Tesla's shares fell by 1.4%, and Nvidia's shares decreased by 0.7% after reaching a record closing high [4] Economic Indicators - The ISM reported a decline in the services PMI to 50.0 in September from 52.0 in August, below economists' expectations of 51.7, indicating a potential slowdown in service sector activity [6] - The Federal Reserve is expected to continue cutting interest rates, with a 96.7% chance of a quarter-point cut in October and an 84.9% chance of another cut in December, influenced by weak employment data [5][6]