By William Collins, consultant in stock markets – Eurasia Business News, September 23, 2025. Article no 1803

The U.S. stock market experienced a modest decline on September 23 with technology stocks leading the pullback. The tech-heavy Nasdaq and S&P 500 technology sectors both fell, pressured by declines in major names such as Nvidia, Amazon, and Alphabet.

The Dow Jones Industrial Average fell by nearly 0.2%, closing just below its previous level.

The S&P 500 declined approximately 0.6%, marking a modest pullback.

The tech-heavy Nasdaq Composite dropped nearly 1%, leading the decline among the three indices.

Nvidia dropped about 3.5%, its largest decline in nearly four months, while Amazon and Alphabet fell 1.7% and 1.5%, respectively. The broader S&P 500 declined by around 1.1%, and the Dow Jones Industrial Average was down about 0.9%.

This selloff is partially attributed to investors rebalancing risk after a strong rally earlier in the year, with some analysts describing it as a broad reshuffling of risk rather than panic selling. Hedge funds and asset managers have been reducing exposure to high-beta tech stocks and other risk assets simultaneously. Rising bond yields have also contributed to pressure on tech stocks as higher yields make stocks less attractive.

Federal Reserve Chair Jerome Powell made his first public remarks since last week’s rate cut, holding the market’s attention. Powell’s comments are highly anticipated as investors seek clarity on the Fed’s future rate decisions amid mixed economic signals. The recent rate cut has supported stock prices, but caution remains about the Fed’s next moves and inflation control. Some Fed officials continue to advocate for careful management of interest rates, creating uncertainty in the markets.

Gold prices surged to new record highs driven by safe-haven demand amid geopolitical tensions and expectations of additional Federal Reserve rate cuts. Spot gold rose by approximately 0.58% to around $3,797 per ounce, reaching an intraday high near $3,824.6 per ounce, marking an all-time peak. U.S. gold futures followed suit, closing near record highs above $3,780 per ounce.

Read also : Gold : Build Your Wealth and Freedom

Silver prices also experienced significant gains, reaching their highest levels in 14 years at $44.41 per ounce, sustained by similar factors including geopolitical uncertainty and investor demand for precious metals as a hedge against inflation and market volatility.

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© Copyright 2025 – Eurasia Business News. Article no. 1803