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NASDAQ Closes Record Week at New High
September 12, 2025
The NASDAQ traded at a new record high for a fifth consecutive day today but the broader market finished mixed as the different indexes consolidated the prior day's surge. Economic data saw Consumer Sentiment slide to a four-month low coming in at 55.4 vs. 58.1 estimated. A light day of earnings was mixed with Adobe (ADBE) beating and issuing solid guidance, while RH (RH) tumbled after disappointing investors on guidance. The NASDAQ outperformed on strength in Communication Services (XLC), Consumer Discretionary (XLY) and Utilities (XLU), but every other sector was red with Healthcare (XLV), Materials (XLB) and Industrial (XLI) the weak links. The major averages drifted in a narrow range in the afternoon closing with the DJIA losing 273.78 points (-0.59%) and finishing at 45834.2, while the S&P 500 eased 3.18 points (-0.05%) to 6584.29. The NASDAQ tacked on 98.03 points (+0.44%) and settled at 22141.10.
Breadth was mostly negative with declining issues beating advancing issues almost 2:1 on the NYSE and 7:4 on the NASDAQ. Declining volume was 59% on the NYSE, but advancing volume was 58% of the NASDAQ. The VIX rose 0.05 (+0.34%) and closed at 14.76. Crude oil prices added 0.17 (+0.27%) and the October contract closed at $62.51 a barrel. Gold prices gained 9.10 (+0.25%) and finished at $3682.70 an ounce. Bitcoin (BTC) closed the session at $116,080.
It was a quiet session after yesterday's romp, but the NASDAQ kept its string of record highs going on strength in Microsoft (MSFT) and Meta Platforms (META). Investors appeared cautious ahead of next week's FOMC Meeting where a 0.25-point rate cut is expected on Wednesday. With a second rate cut expected in October, all eyes will be on Fed Chair Powell's press conference for confirmation that the Federal Reserve will be able to cut rates fast enough to save a wobbly jobs market.
Earnings releases to watch for on Monday include: Hain Celestial Group (HAIN) and Dave & Buster's Entertainment (PLAY).
Monday's Market Moving Economic Calendar: Empire State Manufacturing Index.