Wall Street Snaps Losing Streak as Inflation Data Calms Markets

Major Indices Closed Higher :

S&P 500 (SPX): +0.59% to 6,643.71

Dow Jones (DJI): +0.65% to 46,247.29

Russell 2000 (RUT): +0.97% to 2,434.32

Major stock indexes closed higher on Friday, September 26, 2025, snapping a three-day losing streak after a key inflation report matched expectations, with the Dow Jones Industrial Average up 0.7%, S&P 500 up 0.6%, and Nasdaq up 0.4%, though all posted weekly losses of 0.1%, 0.3%, and 0.6% respectively, remaining near all-time highs.

The Personal Consumption Expenditures index showed prices rose 2.7% year-over-year in August, up from 2.6% in July, while core inflation held at 2.9%, aligning with forecasts amid ongoing tariff impacts.

The 10-year Treasury yield rose to 4.19%, the U.S. dollar index fell 0.4% to 98.15, oil increased 0.5% to $65.30 per barrel, gold advanced 0.7% to $3,795, and Bitcoin stayed around $109,300.

Electronic Arts shares surged 15% on reports of a potential $50 billion private buyout by investors including Saudi Arabia's Public Investment Fund and Silver Lake, marking a possible record leveraged buyout.

President Trump's new tariffs, effective October 1, included 100% on branded pharmaceuticals (exempting U.S. plant builders), 25% on heavy trucks, boosting Paccar shares 5.2%, 50% on kitchen cabinets and vanities, and 30% on upholstered furniture, hurting RH shares, which fell over 4%.

Intel stock rose 4.4%, extending gains amid talks with Apple and TSMC for investments, following Nvidia's $5 billion pledge. Boeing shares climbed 3.6% after the FAA eased restrictions, allowing self-issued airworthiness certificates for some 737 Max and 787 jets to speed deliveries, plus a 225-plane deal with Turkish Airlines.

Decliners included Costco down 2.9% despite beating earnings estimates but missing U.S. same-store sales, Oracle down 2.7% on a sell rating, and eBay down 2.1%.

10:00 am- Pending home sales (Aug).

The Dow gained +0.65%, closing at 46,247.29. Key support sits at 46,108.47; holding above could spark a rebound toward 46,399.59 and 46,500.

The index ended at 24,503.85. Key support lies at 24,441.84; holding above this level could open upside toward 24,533.57 and 24,600.

Closing at 6,643.70, the S&P is trading above support at 6,618.60. If buyers hold this level, the potential upside targets are 6,658.09 and 6,676.89.

SPY was trading at $664.82 pre-market, with support at $662.35 and potential upside targets at $665.35 and $666.78.

QQQ was trading at $599.49 pre-market, with key support at $597.37. Holding above this level keeps upside targets in play at $600.07 and $602.50.

IWM was trading at $242.69 pre-market. Support is nearby at $240.93, while the potential upside levels stand at $244.50 and $245.58.

SMH traded at $324.41 pre-market. Support lies at $322.73; a bounce could test $325.25 and $327.

SOXL was at $34.98 pre-market. Support at $34.75 must hold to fuel a move towards $35.11 and $35.25.

Stock Performance- Carnival Corp (CCL) stock trades above $31 pre-market, up 22.87% YTD amid strong market confidence.

Earnings Expectations- Q3 forecasts include $1.32 EPS and $8.11B revenue, indicating modest sequential growth.

Future Outlook- Carnival aims to launch three new ships by 2033 to expand its fleet and improve passenger offerings.

Market Environment- Easing inflation may lower Carnival's interest costs and aid debt refinancing efforts.

CCL was trading at $31.13 pre-market. Support is at $30.705, while the potential upside levels stand at $31.39 and $31.60.

Last Quarter Results- Q2 revenue of $1.63 billion, down 1.3% YoY but beating estimates by 4.6%.

Q3 Expectations- Anticipated revenue of $1.89 billion, up 12.2% YoY, with EPS at $0.86.

Market Context- Uncertain 2025 outlook due to trade policies and tax discussions impacting growth.

JEF was trading at $66.70 pre-market. Support is at $66.08, while the potential upside levels stand at $66.99 and $67.29-67.35.

EPS Consensus- Q4 loss per share estimated at $4.78; prior year was $4.67 loss.

Revenue Outlook- Net revenues pegged at $270M, up 1.7% YoY from $265.4M.

Growth Factors- Strength in Season Pass and Epic Day Pass programs, plus strategic investments boosting traffic.

Segment Projections & Expense Impact- Mountain revenues up 4.2% to $183.3M; Lodging down 1.7% to $87.9M. Total operating expenses expected to rise 3.4% YoY to $394M, pressuring margins.

MTN was trading at $148.58 pre-market. Support is at $147.63, while the potential upside levels stand at $149.24 and $151.25.

Overview- Progress Software Corporation provides software for AI-powered applications and digital experiences, with a market capitalization of $1.81 billion.

Earnings Preview- Progress Software is expected to report Q3 earnings on September 29th, with anticipated EPS of $1.30 and revenues of $240.11 million.

Financial Metrics-The company shows consistent revenue growth of 12.5% over three years and a high gross margin of 81.69%, but has a debt-to-equity ratio of 3.29, indicating financial distress. Valuation metrics suggest the stock is trading near historical lows, with a P/E ratio of 32.08, close to its one-year low and a P/S ratio of 2.15, at a ten-year low.

PRGS was trading at $42.74 pre-market. Support is at $42.23, while the potential upside levels stand at $43.24 and $43.50.