The three major indexes on Wall Street opened mixed. Analysts said caution has intensified ahead of the Federal Open Market Committee (FOMC) meeting in December.
As of 10:24 a.m. on the 9th (local time) at the New York Stock Exchange, the Dow Jones Industrial Average was up 108.83 points, or 0.23%, at 47,848.15. The Standard & Poor's (S&P) 500 index rose 6.49 points, or 0.09%, to 6,853.00, while the Nasdaq composite fell 23.30 points, or 0.10%, to 23,522.60.
The FOMC will open the last regular meeting of the year starting today for a two-day schedule, and this meeting is expected to deliver a 25 bp (1 bp = 0.01 percentage point) rate cut. However, the market is paying more attention to the uncertain path of future rates than to the cut itself.
According to CME FedWatch at the Chicago Mercantile Exchange (CME), the fed funds futures market is pricing in an 89.4% chance that the Fed will lower the benchmark rate by 0.25 percentage point on the 10th from the current 3.75%–4.00%. That is up sharply from 66.9% last month.
According to the Job Openings and Labor Turnover Survey (JOLTS) from the Department of Labor, seasonally adjusted job openings came in at 7.65 million in September, topping the market forecast of 7.2 million. In October, they were 7.67 million. On the same day, private employment data firm ADP also released weekly employment changes. According to ADP, for the four weeks through the 22nd of last month, the preliminary average weekly increase in U.S. private employment was 4,750.
By sector, technology and communication were weak, while all other sectors gained.
Nvidia jumped more than 2% intraday after U.S. President Donald Trump said he would allow exports of Nvidia's artificial intelligence (AI) chip H200 to China, but it gave back gains after the Financial Times reported that Chinese authorities could block imports of Nvidia chips.
IT consulting firm Accenture rose more than 1% after it agreed to a three-year partnership with Anthropic, the developer of the AI chatbot "Claude," to sell AI services to corporations. Apple, Microsoft, Google (Alphabet), Meta and Netflix were lower. Amazon, Broadcom and Tesla were higher.
International oil prices weakened. At the same time, front-month West Texas Intermediate (WTI) for January 2026 delivery was down 0.70% at $58.47 a barrel.