Stock Market Summary – September 24, 2025

The stock market faced turbulence due to profit-taking that hit the AI trade, with Oracle and Micron among big tech stocks leading the drop, though both are still up by over 30% in September. On the other hand, Instagram reached 3 billion monthly active users, with engagement growth driven by its emphasis on its short-form video feature “Reels” and artificial intelligence for refining recommendation systems. This growth along with Meta’s other platforms are drivers of profit for the company.

In corporate news, Nexstar is evaluating the status of the show ‘Jimmy Kimmel Live!’ on its ABC-affiliated stations, while former FBI director, James Comey, is reportedly expected to be indicted on criminal charges in Virginia.

Furthermore, day trading is set to become easier for retail investors as the Financial Industry Regulatory Authority (FINRA) moves to dismantle the controversial $25,000 minimum equity rule. This change is awaiting approval from the SEC.

In earnings news, Micron exceeded Wall Street’s predictions with revenue surging 46% YoY, primarily driven by demand for memory and storage products linked to the AI boom.

In the economic arena, Fed Chair Jerome Powell indicated a financial challenge ahead as the central bank attempts to balance employment and inflation goals. His comments noted high equity values and influenced a downward trend in stocks. Also, President Trump’s proposed hike in H-1B visa fees to $100,000 is expected to put startups and smaller tech firms at a disadvantage.

Finally, young investors are increasingly turning to risky investments, a trend known as “financial nihilism,” as traditional economic goals seem more challenging to achieve. This shift is driving the popularity of meme stocks, crypto, leveraged funds, prediction markets, and sports betting platforms.

Dow, S&P, and Nasdaq numbers were not provided in the articles.

Stock Market Summary:

In today’s trading, UniQure’s stock soared more than 250% after positive results from a key clinical trial, making it one of the biggest gainers. Lithium Americas stock also experienced a significant increase, jumping more than 96% following reports that the Trump administration was considering acquiring a stake in the company. Alibaba saw a rise of more than 9% in U.S.-listed shares after it announced increased spending on AI development. Conversely, Freeport-McMoRan saw a tumble of nearly 12% after declaring force majeure at its Grasberg mine in Indonesia due to an accident.

On the digital front, Coinbase shares rose 1% after the cryptocurrency exchange launched the x402 Foundation, aiming to establish a universal standard for AI-driven payments. Despite better-than-expected quarterly reports, Micron’s Shares fell by 4%, and Oracle’s stock dropped by the same percentage amid uncertainty over TikTok takeover details. Stocks that experienced losses include Douglas Elliman, which fell 5% following reports of an insider-trading investigation linked to a failed takeover bid, and MillerKnoll, whose shares fell about 7%.

Stock picks by Jim Cramer, a CNBC host, had mixed fortunes. Though Home Depot fell in line with bond yields, he expressed optimism for Boeing, one of his favorites despite a recent 10% fall. Nvidia shares also dipped after news of a hefty $100 billion commitment to OpenAI.

On the auto industry front, Honda Motor confirmed ending the production of its Acura ZDX electric vehicle in the U.S. due to changing market conditions for EVs.

The real estate sector experienced growth as new home sales rose by 20.5% in August, reaching a three-year high. The surge outpaced predictions, indicating a high level of activity for homebuyers.

Lastly, in the AI industry, Microsoft started employing technology from OpenAI rival Anthropic in its Microsoft 365 Copilot assistant for commercial clients, marking a diversification move in generative AI application.