The longest run in the red for the benchmark US stock index in...
The longest run in the red for the benchmark US stock index in over a month.
Your Evening Briefing
September 25, 2025
S&P 500’s losing streak extends to three
The S&P 500 fell 0.5% on Thursday, marking its third straight day in the red for the first time in over a month. The Nasdaq 100 gave back 0.4% and the Russell 2000 fell 1%.
Every S&P 500 sector ETF finished in the red aside from energy, with consumer discretionary and healthcare faring the worst.
Amazon ticked 0.9% lower after agreeing to pay $2.5 billion to settle a caseby the Federal Trade Commission that alleged the retailer tricked people into signing up for Prime and made it hard to cancel.
Quantum stocks including IonQ, D-Wave Quantum, and Quantum Computing sputtered afternearly doubling thanks to the US government calling the technology an R&D priority for fiscal 2026.
Stitch Fix sank nearly 17% after the personal styling platformtopped the Street’s Q4 expectations but tepid guidance and declining customer numbers disappointed investors.
Oklo dove 9.2% after an SEC filing showed company director Michael Klein sold some $6.7 million in stock.
Cipher Mining fell nearly 18% after initially popping, following news that Google was taking a5.4% equity stakein the data center company.
Shares of retail darling Opendoor Technologies jumped over 10% after proprietary trading firm Jane Street revealed a 5.9% stake in the company in a new filing.
Duolingo popped 4.2% after the language-learning app regained some attention among options-trading retail investors.
Hertz ticked up 0.9% after the company announced an upsized $375 millionexchangeable senior notes offering, an increase from the previously announced offering size of $250 million.
— Luke Kawa, Markets Editor & Nia Warfield, Markets Writer
Musk’s xAI sues OpenAI, alleging theft of trade secrets Following a recent lawsuit against a former employee over allegedly stealing trade secrets, Musk’s xAI is now suing the company that executive left to work for — OpenAI. The suit accuses OpenAI of “inducing” recruits that it poached to steal trade secrets from the company.
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