The continued weakening of the labor market further boosted the probability of an interest rate cut.
Traders work on the floor of the New York Stock Exchange during morning trading on Sept. 12, 2025. Michael M. Santiago/Getty Images
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News Analysis
Stocks hit multiple records this week, lifted by robust revenue guidance from tech giant Oracle, steady bond yields, and a flurry of IPOs that eased concerns over market valuation.
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron’s, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China’s Challenge.”
