Wall Street Hits New Highs Ahead of Fed Decision

Major Indices Surged:

S&P 500 (SPX): +0.47% to 6,615.29

Dow Jones (DJI): +0.11% to 45,883.45

Russell 2000 (RUT): +0.34% to 2,405.13

On September 15, 2025, U.S. stock markets saw gains, with the Nasdaq Composite and S&P 500 closing at record highs, up 0.9% and 0.5%, respectively, while the Dow Jones Industrial Average rose 0.1%, just below its record. Investors were focused on the upcoming Federal Reserve interest rate decision, expecting a 25 basis point cut. U.S.-China trade talks progressed, with an agreement on TikTok, while Chinese regulators accused Nvidia of antitrust violations related to its 2020 acquisition.

Treasury yields dipped, with the 10-year at 4.04%. Gold futures hit a record high, up 0.9% at $3,720/ounce, and oil rose 0.9% to $63.30/barrel. Bitcoin traded at $115,500, down from $116,700.

Tech stocks led the rally, with Alphabet gaining over 4%, reaching a $3 trillion market cap, and Tesla rising 3.5% after Elon Musk’s $1 billion stock purchase. Other tech giants like Oracle, Microsoft, and Apple also advanced.

Top S&P 500 performers included Seagate Technology (+7.7%), Albemarle (+6.7%), and Arista Networks (+4.3%). Decliners included Corteva (-5.7%), J.M. Smucker (-5.2%), and FactSet (-4.8%).

Small-cap stocks showed promise, with the iShares Russell 2000 ETF outperforming large-caps. CoreWeave surged after a $6.3 billion Nvidia deal, and Intel rose nearly 3% after lowering its expense forecast following a stake sale in Altera.

8:30 am- U.S. retail sales & Retail sales minus autos (Aug)

8:30 am- Import price index & Import price index minus fuel (Aug)

9:15 am- Industrial production & Capacity utilization (Aug)

10:00 am- Business inventories (Jul) & Home builder confidence index (Sep)

The Dow gained +0.11%, closing at 45,883.45. Key support sits at 45,702.96; holding above could spark a rebound toward 45,914.16 and 46,068.69.

The index ended at 24,293.78. Key support lies at 24,251.07; holding above this level could open upside toward 24,350 and 24,400.

Closing at 6,615.28, the S&P is trading above support at 6,597.68. If buyers hold this level, the potential upside targets are 6,625 and 6,635.

SPY was trading at $662.09 pre-market, with support at $660.95 and potential upside targets at $662.42 and $664.

QQQ was trading at $593.44 pre-market, with key support at $592. Holding above this level keeps upside targets in play at $593.75 and $594.

IWM was trading at $238.81 pre-market. Support is nearby at $238.22, while the potential upside levels stand at $239.34 and $240.23.

SMH traded at $309.55 pre-market. Support lies at $307.17; a bounce could test $311 and $312.

SOXL was at $30.55 pre-market. Support at $30.255 must hold to fuel a move towards $30.67 and $31.

Earnings Expectations- Consensus forecasts EPS of $3.01 (up from $2.98 last year) and revenue of $8.39 billion (5.64% YoY growth).

Key Risks and Outlook- Vulnerabilities include interest rates, recession impacts on construction, deflationary pressures, dividend hikes signaling reinvestment doubts, and acquisition integration risks.

FERG was trading at $217.85 pre-market. Support is at $215.87, while the potential upside levels stand at $220.06 and $221.67.

Earnings Overview- Evolution Petroleum (EPM) is projected to report Q4 earnings of $0.02 per share, a 33.3% year-over-year decline, with revenues expected at $21.15 million, down 0.4% from last year.

Key Operational Metrics- Analysts predict total oil and gas production at 7,120 barrels of oil equivalent per day, slightly down from 7,209 last year, with natural gas liquids and crude oil average sales prices at $23.57 and $59.79, respectively, compared to $29.08 and $76.49 last year.

EPM was trading at $5.33 pre-market. Support is at $5.27, while the potential upside levels stand at $5.35 and $5.40.

Earnings Expectations- FLUX is expected to report Q4 2025 earnings on September 16, 2025, with projected revenue of $16.47 million and earnings of -$0.09 per share, and full-year 2025 revenue of $66.17 million with earnings of -$0.41 per share.

Recent Performance- In the prior quarter (ending March 31, 2025), FLUX reported revenue of $16.74 million, beating estimates by 1.47%, but earnings of -$0.12 per share missed expectations by 66.67%.

FLUX was trading at $2.20 pre-market. Support is at $2.13, while the potential upside levels stand at $2.25 and $2.30.