Wall Street Powers to Record Highs

Major Indices Closed Positive :

S&P 500 (SPX): +0.48% to 6,631.95

Dow Jones (DJI): +0.27% to 46,142.42

Russell 2000 (RUT): +2.51% to 2,467.70

On September 18, 2025, the S&P 500, Dow Jones Industrial Average, and Nasdaq reached record highs, driven by a surge in technology stocks. Intel (INTC) led the S&P 500 and Nasdaq, soaring nearly 23% after Nvidia (NVDA) announced a $5 billion investment to co-develop chips for data centers and PCs. Nvidia shares rose 3.5%.

The Dow, S&P 500, and Nasdaq gained 0.3%, 0.5%, and 0.9%, respectively, while the Russell 2000 hit its first record close since November 2021. The 10-year Treasury yield rose to 4.11%, gold futures fell 1% to $3,680/ounce, and oil prices dropped 0.6% to $63.70/barrel. Bitcoin climbed to $117,500.

In other news, the SEC approved streamlined standards for crypto ETFs, enabling faster launches, including the first multi-crypto ETF and a Dogecoin ETF (DOJE). PayPal and Google partnered to integrate AI into e-commerce, Cracker Barrel faced backlash over a rebrand, and Meta unveiled AI-enabled smart glasses.

Other notable movers included Synopsys (SNPS) and CrowdStrike (CRWD), up 13% each, while FactSet Research Systems (FDS) dropped over 10% due to weak earnings, Darden Restaurants (DRI) fell 7.7% on disappointing profits, and Nucor (NUE) declined 6% after lowering guidance.

Novo Nordisk (NVO) surged 6% on positive Ozempic data, while Bullish (BLSH) gained 20.7% after reporting a profit. Americans wagered over $300 million on the Fed’s recent rate cut via prediction markets like Polymarket and Kalshi.

2:30 pm- San Francisco Fed President Mary Daly speech.

The Dow gained +0.27%, closing at 46,142.42. Key support sits at 46,000; holding above could spark a rebound toward 46,263.72 and 46,350.

The index ended at 24,454.89. Key support lies at 24,350; holding above this level could open upside toward 24,533.57 and 24,600.

Closing at 6,631.96, the S&P is trading above support at 6,615.62. If buyers hold this level, the potential upside targets are 6,648.63 and 6,660.

SPY was trading at $661.24 pre-market, with support at $659.87 and potential upside targets at $662.42 and $664.05.

QQQ was trading at $596.34 pre-market, with key support at $593.75. Holding above this level keeps upside targets in play at $598 and $600.

IWM was trading at $244.57 pre-market. Support is nearby at $242.93, while the potential upside levels stand at $245.58 and $247.

SMH traded at $315.50 pre-market. Support lies at $314; a bounce could test $316.60 and $318.26.

SOXL was at $33.34 pre-market. Support at $32.91 must hold to fuel a move towards $33.58 and $33.80.

Earnings Per Share- Adjusted EPS rose to 7 cents from 5 cents year-over-year, meeting analyst expectations.

Revenue- Revenue grew 2.5% to $12.44 million, slightly exceeding forecasts of $12.41 million.

Net Income- Net income reached $2.36 million for the quarter.

RSSS was trading at $4.00 pre-market. Support is at $3.93, while the potential upside levels stand at $4.05 and $4.10.

Company Overview- Scholastic specializes in children's publishing, education, and media, known for its iconic Scholastic Book Fair.

Adjusted Earnings Per Share- Scholastic reported a quarterly adjusted loss of $2.52 per share, missing analyst expectations of -$2.44.

Revenue- Revenue declined 4.9% year-on-year to $225.6 million, falling short of analyst estimates of $238.91 million. The company recorded a quarterly loss of $71.1 million.

SCHL was trading at $24.70 pre-market. Support is at $24.605, while the potential upside levels stand at $24.82 and $24.98.

Earnings Expectation- MoneyHero Ltd is expected to report a loss of 2 cents per share for the quarter ending June 30, 2025.

Revenue Forecast- Analysts project revenue of $19.924 million for the quarter.

MNY was trading at $2.45 pre-market. Support is at $2.40, while the potential upside levels stand at $2.50 and $2.54.