According to the latest news on September 25, the U.S. equity market ends up the session with modest gains. The Dow Jones Industrial Average, a stock market index that measures 30 large companies’ stock performance boosted 0.2%. The S&P 500, 500 large companies’ stock performance tracker, gained 0.3%, while the Nasdaq Composite, an index that includes all stocks, rose 0.37%
Significantly, new homes’ income increased to a seasonal adjusted annualized rate of 1.011 million in August. They outpaced the expected 895,000, while July’s sales were at 965,000.
Additionally, Early on Thursday, Initial unemployment boosted by 4,000 on September 19.
Apple, Microsoft, and Amazon witnessed a rise
Except for stocks, the world’s major companies also witnessed gained. It’s true that the Department of Justice disclosure of probing ways to protect Americans from social media abuse. However, Apple Inc., Amazon.Inc and Microsoft Corp. recovered earlier losses.
Tesla’s shares, the world’s leading electric vehicle, and clean energy corporation, also rebounds. But, Significantly, the giant failed to deliver on the one million-mile battery that Wall Street analysts awaited.
Moreover, Warren Buffett’s Berkshire Hathaway prepares a $600 million preferred investment in Scripps to help the organization complete the purchase.
Darden Restaurants Inc announced mixed quarterly results. Same-store sales dropped 28% at Olive Garden, which accounts for about half of its revenue, 18% at Longhorn Steakhouse, and 38.9% its fine-dining establishments, including The Capital Grille. The restaurant-chain operator sees sales in the current quarter off 18% from a year ago.
Additionally, U.S. Treasurys ticked higher, pushing the yield on the 10-year note down to 0.664%.
European markets decreased on September 25. Britain’s FTSE dipped 1.46%, France’s CAC dropped 1.02%, and Germany’s DAX slipped 0.6%.
In Asia, Hong Kong’s Hang Seng eased 1.82%, China’s Shanghai Composite lost 1.72%, and Japan’s Nikkei dipped 1.11%.