Stock Market Summary – September 12, 2025

The stocks market was mixed on Friday with S&P 500 tracking a weekly gain of more than 1.5% and trading at record highs. The market is preparing for the Fed’s meeting next week, which is largely expected to cut the Fed funds overnight bank lending interest rate by 25 basis points to a range of 4% to 4.25%.

Gemini, a cryptocurrency exchange owned by the Winklevoss brothers, soared up to 40% in its Nasdaq debut after it successfully raised $425 million in an initial public offering. The stock began trading at $37.01, up from its initial IPO price of $28. Despite the company undergoing net losses in recent years, it held over $21 billion of assets on its platform as of the end of July.

In terms of high-priced stocks, investors are being advised to focus on the underlying valuation metrics rather than the share price. This stands in light of advances in technology that now allows the trading of fractional shares. For instance, a 10% shift can equate to a $100 change in value whether 10 shares of a stock at $100 each, or one share at $1,000, are owned.

With the Federal Reserve planning to cut interest rates, there is concern over the $7.6 trillion ‘wall of cash’ in money market funds. This cut could potentially prompt a shift of money into riskier investments such as stocks and bonds. The bond market, however, has recently shown signs of volatility which could make duration a dicier proposition for investors.

Six Flags Entertainment, Tesla, Joby Aviation, IonQ, Super Micro Computer were the main gainers in the midday trading while Adobe, Microsoft and BigBear.ai also saw an increase in their stock prices. Warner Bros. Discovery and Figure Technology Solutions also saw an increase after recent company announcements. In contrast, RH and Opendoor Technologies saw a decrease in their stock prices.

Renowned pharmaceutical companies Pfizer and Moderna experienced a decline in stock shares by more than 3% and 7% respectively after a report announcing that Trump administration health officials plan to link Covid vaccines to the deaths of 25 children. Novavax shares also dropped by more than 4%. In contrast, technology companies Nvidia and Apple are performing well. Corning, a partner of both, reached a 25-year high in its shares, with a stock rise of 60% year-to-date.

Opendoor, an online real-estate platform, saw their shares soar by 78% on Thursday following new appointments to positions including board chair and CEO. Despite facing a 12% slide on Friday, the company’s shares are up nearly 500% for the year. In contrast, Bank of America’s business-cycle metric indicates a positive shift for certain dividend stocks as it moves into a confirmed recovery phase. Their U.S. Regime Indicator shows potential for high-dividend yield stocks to perform well in the current market environment.

Healthcare firms Eli Lilly and Novo Nordisk are preparing for another rivalry with the upcoming launch of oral obesity drugs once they gain regulatory approval in the US next year. Lilly’s drug produced less weight loss than expected in a recent trial, raising speculation about the uptake of these oral drugs. The market for GLP-1 obesity drugs is projected to reach about $80 billion by 2030, according to data from Evaluate.

Finally, investors are looking favorably at high dividend stocks in the current environment. Stocks highlighted as potentially strong performers in this category include Regions Financial, AvalonBay Communities, Exelon, and Amgen. These companies are part of the Russell 1000 and have been identified for their strong trailing 12-month yield. This report suggests that dividend stocks could play a significant role in total returns in the near future.