Wall Street Extends Record Run

Major Indices Closed Positive :

S&P 500 (SPX): +0.49% to 6,664.37

Dow Jones (DJI): +0.37% to 46,315.27

Russell 2000 (RUT): -0.77% to 2,448.77

On September 19, 2025, major U.S. stock indexes hit record highs for the second consecutive day, with the S&P 500 and Nasdaq Composite posting a third straight week of gains (Nasdaq +2.2%, S&P 500 +1.22%, Dow +1%). The Nasdaq rose 0.7%, the S&P 500 gained 0.5%, and the Dow increased 0.4%, all setting intraday and closing records.

The Russell 2000 touched a record but closed down 0.77%. Gains were driven by the Federal Reserve’s first rate cut since December and Nvidia’s $5 billion investment in Intel, though Intel shares fell over 3% after a 23% surge on Thursday.

Trump and Xi Jinping confirmed a deal to avoid a U.S. TikTok ban, boosting Oracle shares 4% as part of a U.S. operations consortium. Apple shares rose over 3% with strong global iPhone 17 demand, especially for Pro models ($1,099, up $100 from iPhone 16), despite AI lag concerns and China market challenges.

Top S&P 500 advancers included Paramount Skydance (+5.8%) on a potential Warner Bros. Discovery bid, Eversource Energy (+4.9%) after a 13% gas price hike request, and Newmont (+4.3%) after selling a $439M stake in Orla Mining.

Decliners included DexCom (-11%) on short-seller reports about G7 monitor issues, Cognizant (-4.7%) on Trump’s H-1B visa fee ($100K) and wage rule plans, and Lennar (-4.2%).

FedEx gained 2.3% after reinstating its full-year outlook, while Lennar fell 4.2% after missing Q3 earnings ($2 EPS, $8.81B revenue) due to housing market softness, with optimism for Q4 from rate cuts.

Oklo soared ~29% to a $135 all-time high, up 63% weekly and over 500% YTD, driven by AI energy demand. Scholastic dropped 12% after a $97M Q1 loss and 5% revenue decline to $225.6M due to school funding uncertainty, with plans for real estate sale-leasebacks. SEC Chair Paul Atkins supported ending quarterly reporting, aligning with Trump’s semi-annual reporting proposal.

Federal Reserve officials are scheduled to speak.

The Dow gained 0.37%, closing at 46,315.27. Key resistance sits at 46,400; staying below may trigger a decline toward 46,263.72 and 46,145.98.

The index ended at 24,626.25. Key support lies at 24,504.57; holding above this level could open upside toward 24,700 and 24,750.

The S&P 500 closed at 6,664.36, below the resistance level of 6,675. If buyers cannot break through this barrier, potential downside targets include 6,648.63 and 6,636.09.

SPY was trading at $661.65 pre-market, with resistance at $662.42 and potential downside targets at $660.94 and $660.19.

QQQ was trading at $596.66 pre-market, with key resistance at $597.47. Failure to break above this level could lead to a downside target at $595.38.

IWM was trading at $242.49 pre-market, with key resistance at $243.55. Failure to break above this level could lead to downside targets at $241.97 and $240.61.

SMH traded at $315.21 pre-market. Support lies at $314; a bounce could test $316.05 and $316.60.

SOXL was at $32.64 pre-market. Support at $32.44 must hold to fuel a move towards $32.91 and $33.12.

Market Opportunity- Targets Türkiye’s underdeveloped mobility market with ride-hailing and micromobility, leveraging high car ownership costs and traffic congestion.

Growth Strategy and Expansion- Aims for 3.3 million riders and 450,000 drivers by Q4, with opportunities in financial services, deliveries, and potential global expansion.

Financial Performance- Expects $34 million in revenue but a $17 million EBITDA loss this year, delaying profitability due to continued investments.

Regulatory and Competitive Risks- Faces regulatory challenges and competition from Uber, with potential bans and legal battles impacting operations.

MRT was trading at $2.60 pre-market. Support is at $2.523, while the potential upside levels stand at $2.6345 and $2.70.

Market Position- Successfully landed on the Moon, positioning it as a key player in commercial lunar exploration with a strong customer base, including NASA and defense contractors.

Growth and Risks- Boasts a $1.1 billion backlog and diverse offerings like Alpha and Eclipse launch vehicles, but faces risks from the competitive space market and inconsistent launch success.

FLY was trading at $44.72 pre-market. Resistance is at $44.91, while the potential downside levels stand at $44.63 and $44.50.