Stock Market Update Wednesday September 24, 2025
- Tom Hason
- Sep 24, 2025
- 2 min read
Stock Market Update Wednesday September 24, 2025U.S. equities extended their consolidation, with major indices under modest pressure for a second straight session. The pullback appears more consistent with near-term buyer fatigue than a meaningful shift in trend. August new home sales surged over 20%, providing a strong tailwind to homebuilder shares and lifting the Consumer Discretionary sector. In contrast, Materials underperformed, weighed down by production disruptions at Freeport-McMoRan’s Grasberg mine and broader weakness across resource stocks.
Score Board: S&P 500 fell -0.3%, the Nasdaq 100 declined -0.3%, and the Russell 2000 underperformed, sliding -0.9%
Away From Stocks: The U.S. 10-year Treasury yield ticked higher to 4.15%, while the dollar index (DXY) advanced to 97.86. Gold softened further, while oil continued its upward grind, settling just shy of $65/barrel. Notably, crude rallied over 2% intraday on tighter U.S. inventories and supply concerns tied to Iraq and Venezuela. Copper spiked nearly 4% on Freeport’s force majeure, underscoring the market’s sensitivity to supply disruptions. Despite equity weakness, the VIX edged lower, suggesting vol compression after last week’s small-cap breakout attempt. Bitcoin recovered 1.4% after recent losses, though sentiment remains fragile. Elevated “buy-the-dip” activity coupled with deteriorating technicals leaves risk skewed toward further downside, with some strategists eyeing a potential retracement toward $107,000. Persistent bearish ETF option flows reinforce the cautious backdrop.
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