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US Equity Markets End Higher as Downward Payroll Revision Raises Rate Cut Expectations
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US Equity Markets End Higher as Downward Payroll Revision Raises Rate Cut Expectations
Sep 9, 2025 1:33 PM

04:07 PM EDT, 09/09/2025 (MT Newswires) -- US equity indexes ended higher on Tuesday as a downward annual revision to nonfarm payrolls raised expectations for interest rate cuts.

* The Bureau of Labor Statistics said Tuesday that its preliminary estimate for the benchmark revision to nonfarm payrolls for the 12 months through March points to a downward adjustment of 911,000 jobs, equivalent to 0.6% of total employment, compared with an absolute average revision of 0.2% over the past 10 years.

* The likelihood of a 25-basis-point interest rate cut at the Sept. 17 meeting ended the session at 91.8%, while the chance of a larger 50-basis-point reduction stood at 8.2%, according to the CME FedWatch tool.

* October West Texas Intermediate crude oil rose $0.47 to settle at $62.73 per barrel, while November Brent crude, the global benchmark, was last seen up $0.48 to $66.50.

* UnitedHealth ( UNH ) shares were up nearly 9%, leading gains on the S&P 500 and Nasdaq, after the company reported that interim data indicate roughly 78% of its members are enrolled in 4-star or higher plans, aligning with expectations and prior results.

* Albemarle (ALB) shares fell over 12%, making it the worst performer on the S&P 500, after claims that a major Chinese lithium mine run by Contemporary Amperex Technology is preparing to resume production following a suspension, Investing.com reported, citing Chinese state media Securities Times.

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