MRKT Call

Auto & Energy Stocks Drive S&P 500 Lower

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MRKT Matrix - Wednesday, September 25th

  • Dow falls nearly 300 points to snap four-day win streak, S&P 500 retreats from record (CNBC)
  • Morgan Stanley’s Jonas downgrades Ford and GM, citing China competition, problems with U.S. consumer (CNBC)
  • Nvidia Stock Edges Up. New Report Puts Numbers to AI Chip Growth. (Barron’s)
  • OpenAI Pitched White House on Unprecedented Data Center Buildout (Bloomberg)
  • Meta unveils $299 Quest 3S VR headset, Orion AR glasses prototype (CNBC)
  • US Mortgage Rates Fall Again, Triggering Big Wave of Refinancing (Bloomberg)
  • Online Holiday Spending Projected to Rise 8.4%, Most Since 2021 (Bloomberg)


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