Update: Nasdaq Advances in Mixed Session; Dow Snaps Five-Month Winning Streak

04:52 PM EDT, 09/30/2026 (MT Newswires) -- (Updates with market moves at the end of the day, and other changes, if any.) US stocks closed mixed Wednesday, with the Nasdaq Composite rising following a soft inflation report, while the Dow Jones Industrial Average snapped a five-month winning streak in September. The Nasdaq gained 0.2% to close at 26,861.06. The Dow Jones Industrial Average fell 0.9% to 50,906.05, while the S&P 500 dipped 0.3% to 7,651.54 -- both extending their losing streak to a third day. Except consumer discretionary and technology, all sectors ended in the red, led by consumer staples. For September, the Dow lost 4.3% after five monthly wins, while the S&P 500 posted a decline of 0.5%. The Nasdaq gained 1.9% to mark its second consecutive monthly advance. The headline personal consumption expenditure price index rose 3.4% year over year last month, while the core measure, which excludes food and energy, stood at 3%, official data showed. Both metrics were unchanged from the month prior after July's prints were revised lower from 3.7% and 3.3%, respectively. The consensus in a Bloomberg-compiled survey was for August's readings to stay at July's original levels. The Bureau of Economic Analysis report included revisions to personal income and outlays data beginning in January 2021. Markets are now pricing in a 63% probability that the Fed will hold interest rates steady at next month's policy meeting, up from 49% on Tuesday. Bets for another 25-basis-point rate hike in October fell to 37% from 51%. "Cooler-than-feared inflation supports (New York) Fed President John Williams' assertion that there is no immediate rush to hike rates again, even though more tightening will likely be required in time," ING Bank said. Williams said Tuesday that one more rate hike "may be appropriate late this year," though there is no urgency to act. Fed Governor Lisa Cook said Wednesday that "inflation has been too high for too long." "I am committed to returning inflation to our (2%) objective while preserving the strength in the labor market," she said. Treasury yields were mixed, with the two-year rate little changed at 4.9%, while the 10-year rate rose 4.3 basis points to 5.3%. In other economic news, US private jobs grew by 90,000 in September, after a revised gain of 36,000 in August, payrolls processing firm ADP (ADP) said. The consensus was for a 75,000 increase in a Bloomberg-compiled survey. US real gross domestic product increased at a 2.2% annualized rate in the second quarter, up from 1.5% growth the government reported previously. The consensus in a Bloomberg-compiled survey was for the rate to remain unrevised. West Texas Intermediate crude oil was up 1.3% at $90.52 a barrel in Wednesday late-afternoon trade, while Brent rose 0.9% to $103.53. Both benchmarks are on track for their third straight monthly gains. Iran has received a US response through Qatari mediators to its proposed seven-day plan to build trust between Washington and Tehran, Reuters reported. In company news, Salesforce (CRM) signed an agreement to acquire AI-powered client research platform Listen Labs, it said on Tuesday. Salesforce shares rose 1.9% Wednesday, the biggest gain on the Dow. Jabil (JBL) slumped 10%, the worst performer on the S&P 500, after the company released its fiscal fourth-quarter results. Spot gold fell 0.6% to $4,157.22 per troy ounce, while silver lost 0.8% to $60.67 per ounce.