Dow, S&P 500, Nasdaq futures hit pause after back-to-back losses with jobs data on deck

September 25, 2025

Dow, S&P 500, Nasdaq futures hit pause after back-to-back losses with jobs data on deck

Breaking News

Image source: Adobe Stock

US stocks trod water before the bell on Thursday as Wall Street waited for fresh jobless data to help calculate interest-rate odds amid uncertainty about Federal Reserve unity on policy.

Futures on the Dow Jones Industrial Average and the S&P 500 both wobbled along the flat line.

Meanwhile, contracts on the tech-heavy Nasdaq 100 nudged down 0.1%, after the major gauges closed lower for a second day.

Markets are putting the brakes on stocks' recent record-breaking rally amid debate over whether AI fervor is stretching valuations too much.

At the same time, the uplift from the Federal Reserve's switch to lowering rates is fading, as signs of division among policymakers dents hopes for another two cuts this year.

The spotlight is now on weekly jobless claims data due later, given Fed officials have highlighted concerns about slowdown in the labor market.

Thursday's docket also brings readings on US second quarter GDP, personal consumption, and existing home sales, among other economic data.
Yahoo Finance reports.

EdgeUp

🤖 Intel seeks investment from Apple, according to Bloomberg

Bloomberg reported on Wednesday that Intel has approached Apple for financial support, citing sources close to the matter.

Discussions are also said to include the possibility of a broader strategic alliance, although they are currently at a preliminary stage and no agreement is guaranteed.

Neither Intel nor Apple has commented on these reports. On the stockmarket, Intel shares jumped over 6% 10 minutes before trading ended on Wall Street after the revelations were published.
MarketScreener reports.


🚙 BYD outsells Tesla in EU for second month, Stellantis returns to sales growth

Chinese EV maker BYD sold three times as many new cars in the European Union last month than in August 2024, surpassing U.S. competitor Tesla for the second consecutive month, data from the European auto lobby ACEA showed on Thursday.

Sales in the European Union, Britain and the European Free Trade Association rose 4.7% to 0.8 million cars in August, ACEA data showed.

Registrations at Volkswagen and Renault rose 4.8% and 7.8% year-on-year, respectively, and were up 2.2% at Stellantis, growing for the first time since February 2024.

Tesla's EU sales dropped 36.6%, squeezing its market share to 1.2% from 2% a year ago. BYD's sales were up 201.3% to give it 1.3% of the market. Yahoo Finance reports.


🛍️ How the AI boom could unleash billions for some of America's biggest retailers

Artificial intelligence may offer retailers big gains, but it won't be their saving grace.

In a note to clients, Morgan Stanley analyst Alex Straton wrote that agentic AI could represent an estimated "$6B total cost savings opportunity" for some of America's biggest retailers, boosting profit estimates by as much as 20% by 2026.

The report ranks Gap, Macy's, and Victoria's Secret as the "stand out" trio best positioned to capture the benefits. Yahoo Finance reports.


☕ Costco’s earnings are due. The bar for growth is higher this time around.

As Costco Wholesale Corp. prepares to report quarterly results on Thursday, Wall Street analysts generally have had nice things to say about the membership warehouse retailer. But some still have questions about how long the company can keep investors happy as it runs up against a higher bar for growth.

The chain over the past few years has found ways to keep prices lower and draw more customers, even as inflation and worries about tariffs keep budgets tighter. But after bigger run-ups in previous years, Costco shares are only up around 3% so far this year. MarketWatch reports.


💊 Here’s why biotech UniQure’s stock just tripled, and brought ClearPoint shares up with it

Shares of UniQure N.V. rose 248% on Wednesday, lifted by a successful trial of the biotech’s gene therapy for Huntington’s disease, which has also boosted shares of partner ClearPoint Neuro Inc.

UniQure said earlier Wednesday that its AMT-130 experimental gene therapy slowed the progress of Huntington’s disease by 75% after three years. Morning Star reports.


📊 Accenture Posts Higher Sales, Shrugging Off DOGE Concerns

Accenture posted higher fourth-quarter sales as it shrugged off concerns about the impact federal government cuts could have on its revenue.

The technology consulting company reported net income of $2.25 a share, down 15% from the year prior. But adjusted earnings rose 9% to $3.03. Analysts were expecting $2.98 a share, according to FactSet.

Accenture recorded $17.6 billion in sales, up 7% from the year before. Wall Street was expecting $17.38 billion. New bookings for the quarter were $21.3 billion.

Accenture shares have fallen 32% this year through Wednesday's close with investors concerned about the impact of federal government cuts on consultant revenue. MarketScreener reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.


1) PEPG: PepGen
Total gain: +166.16%

2) OFAL: OFA
Total gain: +45.11%

3) LUXE: LuxExperience
Total gain: +34.14%

4) XXII: 22nd Century Group
Total gain: +33.77%

5) BTOC: Armlogi Holding
Total gain: +27.02%

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on September 24.
Benzinga reports.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) QURE: uniQure
Total gain: +247.65%
The company announced the launch of a $200 million underwritten public offering of its ordinary shares. For certain investors, the offering will include pre-funded warrants to purchase ordinary shares in place of the shares themselves. Benzinga reports.

2) SHFS: SHF Holdings
Total gain: +120.55%
The stock appeared to be moving on no notable news.

3) LAC: Lithium Americas
Total gain: +95.76%
The company is developing a lithium deposit in Nevada to extract a key mineral used in electric vehicle batteries. The U.S. government, under President Trump, has proposed taking an equity stake in the company to support a $2.3 billion loan from the Department of Energy to Lithium Americas. Benzinga reports.

Today’s Notable Earnings

*Estimate and Actual numbers represent Earnings Per Share in US Dollars



COST: Costco Wholesale
Q4 2025
After Market Close
Estimate: 5.810
Actual: N/A

ACN: Accenture
Q4 2025
Before Market Open
Estimate: 2.970
Actual: N/A

KMX: CarMax
Q2 2026
Before Market Open
Estimate: 1.030
Actual: N/A

Today’s Economic Dates

Time (ET) | Report | Period

8:20 AM - Chicago Fed President Austan Goolsbee speech
8:30 AM - Initial jobless claims - September 20
8:30 AM - GDP (third estimate) - Q2

Parting Thoughts

“To anticipate the market is to gamble. To be patient and act only when the market gives the signal is to speculate.”

- Jesse Livermore

Sourced in: 50 Trading Quotes From Top by Quantified Strategies.

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