Wall Street Rallies to Fresh Highs

Major Indices Surged :

S&P 500 (SPX): +0.85% to 6,587.48

Dow Jones (DJI): +1.36% to 46,108

Russell 2000 (RUT): +1.83% to 2,421.53

On September 11, 2025, U.S. stock indexes hit record highs, driven by expected consumer inflation data reinforcing hopes for Federal Reserve rate cuts. The Dow Jones Industrial Average rose 1.3% above 46,000, the S&P 500 gained 0.9%, and the Nasdaq Composite increased 0.7%.

August's CPI showed headline inflation at 2.9% and core inflation steady at 3.1%, aligning with forecasts. This data, combined with a prior drop in wholesale prices, bolstered expectations for a quarter-point rate cut at the Fed’s next meeting, despite inflation exceeding the Fed’s 2% target. Treasury yields dipped to 4.03%.

Gold futures dropped 0.2% to $3,673/ounce, oil fell 2.3% to $62.25/barrel, Bitcoin traded near $115,000, and the U.S. dollar index fell 0.3% to 97.50. Deutsche Bank and Barclays raised S&P 500 targets to 7,000, citing strong earnings and expected rate cuts, though labor market risks were noted. Bank of America downgraded FedEx and UPS due to tariff-related pressures. Uncertainty surrounds the Fed’s voting committee due to legal disputes over Governor Lisa Cook’s dismissal and a potential new nominee.

Oracle (ORCL) shares fell 6% after a 36% surge, driven by a massive AI-related backlog. Warner Bros. Discovery (WBD) soared 29% on takeover rumors by Paramount Skydance (PSKY), which gained 16%.

Micron (MU) jumped 7.5% after a Citi price target increase, and Opendoor (OPEN) surged 80% with a new CEO and founder board appointments. Tech stocks like Tesla (+6%) and Apple (+1.4%) rose, while Nvidia, Amazon, and Meta slightly declined.

10:00 am- Consumer sentiment (prelim) (Sept) (58.1 median forecast vs 58.2 previous).

The Dow gained +1.36%, closing at 46,108. Key support sits at 46,000; holding above could spark a rebound toward 46,200 and 46,250.

The index ended at 23,992.56. Key support lies at 23,922.48; holding above this level could open upside toward 24,050 and 24,100.

Closing at 6,587.47, the S&P is trading above support at 6,565.13. If buyers hold this level, the potential upside targets are 6,600 and 6,615.

SPY was trading at $657.18 pre-market, with support at $655.57 and potential upside targets at $657.94 and $660.

QQQ was trading at $584.56 pre-market, with key support at $583.88. Holding above this level keeps upside targets in play at $585 and $586.

IWM was trading at $239.91 pre-market. Support is nearby at $239.16, while the potential upside levels stand at $240.80 and $242.

SMH traded at $304.89 pre-market. Support lies at $303.58; a bounce could test $305.56 and $307.

SOXL was at $29.31 pre-market. Support at $29.04 must hold to fuel a move towards $29.40 and $29.61.

Stock Performance- Farmer Bros shares surged 18.8% after Q4 results, fueled by margin gains despite missing earnings and revenue forecasts.

Earnings Highlights- Q4 showed a -$0.22 per share loss (vs. -$0.15 expected) and $85.1M revenue (vs. $87.06M expected), up 1% YoY; FY2025 sales rose 0.3% to $342.3M.

Margin Improvements- Q4 gross margin hit 44.9% (up from 38.8% YoY), full-year at 43.5% (420 bps gain); adjusted EBITDA was $5.8M (up $7.4M YoY), with opEx down $2.6M to $34.3M.

Company Statements- CEO John Moore highlighted FY2025 progress: 43%+ margins, $14M EBITDA rise, lower SG&A, debt reduction; anticipates FY2026 challenges but growth potential.

FARM was trading at $2.33 pre-market. Support is at $2.25, while the potential upside levels stand at $2.41 and $2.45.

Revenue Growth- RF Industries reported $19.8M in Q3 2025 revenue, up 17.5% year-over-year.

Profitability Improvements- Gross profit margin rose to 34% (up 450 bps), with operating income at $720K vs. a $419K loss last year.

Earnings Performance- Net income was $392K ($0.04/share) vs. a $705K loss ($0.07/share); non-GAAP net income was $1.1M ($0.10/share).

Operational Efficiency- Adjusted EBITDA reached $1.6M (8% of sales), compared to $460K in the prior year.

Financial Position- Cash at $3M, working capital at $13.1M, current ratio of 1.6:1, with $7.8M borrowed from revolving credit.

Backlog and Inventory- Quarter-end backlog was $19.7M (current: $16.1M); inventory increased to $14.2M from $12.6M.

Market Diversification- Growth in aerospace, transportation, and data centers reduced reliance on Tier 1 carrier customers.

Challenges- Supply chain constraints, potential tariff impacts, and below-historical telecom CapEx spending pose risks.

RFIL was trading at $8 pre-market. Support is at $7.885, while the potential upside levels stand at $8.07 and $8.18.

Financial Performance- Adobe's Q3 2025 non-GAAP EPS of $5.31 beat $5.18 forecast, with revenue of $5.99B (up 10% YoY) exceeding $5.91B expectations.

AI Growth- AI-influenced ARR surpassed $5B; AI-first products like Firefly and Acrobat AI Assistant exceeded $250M ARR target.

Segment Results- Digital Media revenue grew 11% to $4.46B; Digital Experience revenue hit $1.48B (9% YoY), with strong AEP and Gen Studio adoption.

Outlook and Guidance- FY2025 revenue guidance raised to $23.65B-$23.70B, with Q4 projected at $6.075B-$6.125B.

Challenges- Faces risks from market saturation, macroeconomic pressures, and competition in AI-driven tech.

ADBE was trading at $363 pre-market. Support is at $361.97, while the potential upside levels stand at $364.29 and $365.67.

Financial Performance- IBEX reported Q4 2025 EPS of $0.87 (beating $0.70 forecast) and revenue of $147.1M (exceeding $129.21M), up 18.2% YoY.

Annual Results- Fiscal 2025 revenue reached a record $558.3M (10% YoY growth), with adjusted EPS at $2.75 (up 31%) and adjusted EBITDA at $72M (10% increase).

Strategic Growth- Offshore revenue grew 17%, driven by expansion into India; digital and omnichannel services comprised 82% of revenue, up from 77% last year.

Outlook and Guidance- FY2026 revenue projected at $590M-$610M, with adjusted EBITDA of $75M-$79M, supported by AI-driven solutions and market expansion.

IBEX was trading at $38.76 pre-market. Support is at $38.50, while the potential upside levels stand at $39 and $39.66.