Market Podcast for 2025-09-02 (CST)

Transcript

Mark: Welcome to today's market update, folks. It's September 2, 2025, and we're here to dive into the latest market performance as of August 29, 2025. Let's take a look at how the major indices fared. Susan, what do you have for us?

Susan: Thanks, Mark. On August 29, the S&P 500 closed at 6,460.26, which was down by 41.60 points. Meanwhile, the Dow Jones ended the day at 45,544.88, declining by 92.02 points. And the Nasdaq took a hit as well, closing at 21,455.55, down 249.61 points.

Mark: That's quite a drop across the board, Susan. It seems like the market was overall bearish that day. Now, let's shift our focus to some individual stocks. Susan, any notable movers?

Susan: Definitely, Mark. Most of the highlighted stocks saw declines. NVIDIA, for instance, opened at $178.11 and closed at $174.18, marking a $3.93 drop. Tesla had quite a rough day too, opening at $347.23 and closing at $333.87, a significant $13.36 decrease.

Mark: Ouch, tough day for Tesla indeed. How about some other big names?

Susan: Amazon's shares went from $231.32 at open to $229.00 at close, a $2.32 decline. Microsoft saw a $1.97 drop, closing at $506.69. Netflix also experienced a downturn, dropping $19.72 to close at $1,208.25.

Mark: It was a rough day for tech, it seems. But I see Google actually bucked the trend with a gain.

Susan: Yes, Google was the exception. It opened at $211.27 and closed at $213.53, gaining $2.26. It's interesting to see such resilience amid widespread declines.

Mark: Indeed, it's quite interesting. And let's not forget Meta, which also saw a decline, closing at $738.70, down $6.58 from its open.

Susan: Now, Mark, let's zoom in on Amazon for a bit. Despite the downturn, Amazon's decline was relatively muted compared to others, just $2.32 off its opening price. In the grand scheme, it wasn't as severe as Tesla or Netflix. What are your thoughts on Amazon's general outlook?

Mark: Well, Susan, Amazon's slight decline might reflect general market sentiment, but given its diverse business model spanning e-commerce, cloud computing, and entertainment, it often has the ability to weather broader market volatility better.

Susan: That's a good point, Mark. Amazon's strong fundamentals and continued innovation in various sectors often provide a cushion against market dips.

Mark: Absolutely, Susan. And before we wrap up, here’s an interesting market-related anecdote: Did you know that during the California Gold Rush, it wasn't the gold miners who made the most money, but rather those who sold them the tools and services? A good reminder that sometimes the real opportunity lies in supporting the trend rather than chasing it.

Susan: That's a great insight to end on, Mark. Thanks for tuning in, everyone. Stay informed and we'll see you next time!

Mark: Take care, everyone!