Nasdaq 25 September 2025 - 10 October 2025

Wall Street’s momentum faltered in the latter half of this week, with the Nasdaq Composite and Nasdaq-100 both posting their third straight daily loss on Thursday. The Nasdaq Composite closed at 22,384.70, and the S&P 500 and Dow Jones also fell around 0.5% and 0.4%, respectively reuters.com. These declines marked a sharp reversal from Monday, when all three indices notched record-high closes investopedia.com after a months-long tech-driven rally. Traders say the pullback partly reflects investors locking in profits on big tech names that had run up dramatically through the summer. The CBOE Volatility Index – Wall Street’s “fear gauge” – remains relatively low, but market breadth turned negative as decliners outnumbered gainers by about 3-to-1 on the Nasdaq exchange reuters.com, indicating more stocks are participating in the downdraft. Notably, energy stocks provided a rare bright spot. The S&P 500 energy sector jumped nearly 1% on Thursday reuters.com, bolstered by rising oil prices. But most other sectors slumped. High-valuation growth shares were under particular pressure as Treasury yields climbed, increasing the cost of capital. “Historically we’re certainly at the high end” of equity valuations after this year’s run-up, “but one big positive is it seems like the government is going to