Morgans AM

Friday, 26 September 2025: US equity markets retreated


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  • US equity markets retreated, with the S&P500 and Nasdaq declining for a third consecutive session - Dow fell -174-points or -0.38%, with Amgen Inc (-2.88%), Nike Inc (-2.78%) and Merck & Co Inc (-2.6%) all falling over >2.5%.International Business Machines (IBM) Corp gained +5.20% to be the leading performer in the 30-stock index after financial partner HSBC Holdings Plc said it had a "positive trial" using quantum computers from "Big Blue" for algorithmic bond trading.
  • The broader S&P500 lost -0.50%, booking its largest three-day decline (-1.33%) since August. Health Care (down -1.67%) and Consumer Discretionary (-1.47%) led nine of the eleven primary sectors lower. Energy (up +0.87%) sat atop the primary sector leaderboard for a second straight session Intel Corp rallied +8.87% to be the leading S&P500 and Nasdaq performer overnight following a Wall Street Journal reports that the company has approached Taiwan Semiconductor Manufacturing Company about investments in manufacturing or partnerships. The latest report comes a day after Bloomberg reported that the chipmaker is seeking an investment from Apple Inc (up +1.81%).
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Morgans AMBy Morgans Financial Limited


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