| Name | Daily Close | Daily Change | Daily Change (%) |
|---|---|---|---|
| Dow | 46,108.00 | 617.08 | 1.36% |
| S&P 500 | 6,587.47 | 55.43 | 0.85% |
| Nasdaq | 22,043.07 | 157.01 | 0.72% |
| VIX | 14.65 | -0.06 | -0.41% |
| Gold | 3,685.30 | 11.7 | 0.32% |
| Oil | 63.36 | 0.99 | 1.59% |
OVERVIEW OF THE US MARKET
Wall Street ended a strong week on a muted note September 12, 2025, with major indexes hovering near record highs amid mixed economic signals and anticipation of the Federal Reserve’s upcoming rate decision. The S&P 500 dipped 0.05% to close at 6584.29, trimming some of the week’s 1.59% advance, while the Nasdaq Composite rose 0.44% to 22141.10, extending its weekly gain to 2.03%. The Dow Jones Industrial Average fell 0.59% to 45834.22, pressured by declines in health care and industrials. Technology stocks provided a lift, with the sector up 0.45% on the day and leading the weekly sector performance at 2.76%, followed by utilities at 2.22%.
Among active stocks, Opendoor Technologies tumbled 13.78% on heavy volume, while Warner Bros. Discovery surged 16.70%, capping a remarkable 56.07% weekly gain amid positive analyst coverage. Tesla climbed 7.36%, Oracle jumped 25.51% for the week after strong earnings, and Lumen Technologies rose 27.37%. On the downside, Synopsys plunged 28.8% weekly, Wingstop fell 14.13%, and BioNTech declined 13.98%. Large-caps outperformed with a 1.89% weekly rise, compared to mid-caps at 0.48% and small-caps down 0.13%.
Consumer sentiment dropped to its lowest since May, with long-term inflation expectations ticking higher, following softer labor data that has investors pricing in three rate cuts this year. Core CPI rose 0.3% month-over-month in August, matching expectations, while headline CPI came in at 0.4%, slightly above the 0.3% forecast, keeping annual inflation at 2.9%. The University of Michigan sentiment preliminary for September fell to 55.4, below the 58 estimate, underscoring job market worries. With the Fed’s meeting next week, economists largely expect a 25 basis-point cut, though over 40% anticipate three reductions by year-end.
Morgan Stanley’s Andrew Slimmon noted Wall Street remains too bearish, citing resilient growth prospects. Deutsche Bank shifted to three cuts in 2025, down from prior views, while Morgan Stanley sees four straight reductions before a pause. TD Securities expects a dovish lean from the Fed due to labor conditions, but not overly so given inflation risks, with the September projections likely showing two cuts next year.
Corporate highlights included Tesla’s board affirming Elon Musk’s leadership in AI and robotics expansion, Apple’s iPhone Air delay in China over regulations, and Microsoft’s settlement with the EU on Teams bundling. The FTC is probing Amazon and Google over ad practices, OpenAI advanced its for-profit shift, and Boeing faced a $3.1 million FAA fine amid a worker strike. Exxon unveiled a new graphite for EV batteries, and SK Hynix rose on HBM4 development.
OVERVIEW OF THE AUSTRALIAN MARKET
Australian shares rebounded strongly on September 12, 2025, clawing back most of the week’s losses as materials and financials led a broad rally. The S&P/ASX 200 climbed 0.68% to 8,864.9, ending the week down just 0.07%, while the All Ordinaries rose 0.63% to 9,128.6. Materials surged 1.45%, boosted by iron ore miners on reports of Beijing addressing local government finances to spur infrastructure. BHP gained 1.3%, Rio Tinto 1.1%, and lithium plays like Mineral Resources up 4.3% and Liontown Resources 3.9%.
Financials advanced 1.16%, with all big four banks up over 1%, led by Westpac at 1.4% and Commonwealth Bank at 1.3% to $169.97, leaving the sector 0.4% higher weekly. Real estate rose 1.31%, with Goodman Group up 2.0%. Gold miners shone amid precious metals strength, pushing the sector 2.1% higher; Newmont, Evolution, and Northern Star gained over 1.6-2%. Energy slumped 2.43% on falling oil, gas, and coal prices, with Woodside down 3.4% despite North West Shelf approval, and Santos 2.2%.
Top performers included Locksley Resources up 36.1% on landholding expansion, LTR Pharma 24.7%, and various precious metals stocks like Metallium 18.0% and Unico Silver 17.2%. Losers featured Predictive Discovery down 8.4%, 4DMEDICAL 6.9%, and Aura Energy 6.4%. The Aussie dollar hit a 10-month high at 66.59 US cents.
Capital.com’s Kyle Rodda attributed the bounce to Wall Street and US inflation data paving the way for Fed cuts, noting the market’s robustness. Ex-dividend stocks next week include Qantas and Cochlear.