The S&P 500 Index closed unchanged while the Dow Jones Industrials dropped 0.25%, and the Nasdaq 100 gained 0.21%, reaching a new all-time high on September 27, 2025. Strength in semiconductor companies, notably Nvidia and AMD, contributed to the Nasdaq’s performance. Geopolitical sentiment improved following a ceasefire between Israel and Iran, with President Trump stating the Mideast war is “over” and a meeting with Iran is scheduled for next week.
Despite the positive trend in tech stocks, the S&P 500 pulled back from a four-month high amid hawkish comments from Fed Chair Powell and disappointing U.S. home sales data. May new home sales plummeted 13.7% month-over-month to 623,000, well below expectations of a 6.7% decline to 693,000. The average 30-year fixed mortgage rate increased to 6.88% from 6.84%. The Fed’s July meeting is projected to have a 25% chance of a 25 basis point rate cut.
International markets also showed mixed results, with the Euro Stoxx 50 down 0.85% and China’s Shanghai Composite up 1.04%. September 10-year T-notes closed with a slight gain, as the yield fell to 4.275%, influenced by weaker U.S. economic data and federal monetary policy discussions.
