To The Moon

Market Overview

Global markets ended the day mixed on 24 September 2025, with US equities retreating for a second consecutive session while European and Asian indices showed divergent moves. Investor sentiment was pressured by valuation concerns, Fed commentary, and geopolitical headlines.

US: Tech and AI Giants Drag Lower

US stocks declined modestly as Nvidia and Oracle came under pressure, dragging the broader tech sector. The Dow Jones $DJIA(.DJI)$  fell 0.3% to 46,121.28, the S&P 500 $S&P 500(.SPX)$  slipped 0.2% to 6,637.97, and the Nasdaq Composite$NASDAQ(.IXIC)$   shed 0.3%. Federal Reserve Chair Jerome Powell’s remarks on “fairly high equity valuations” weighed on sentiment, keeping buyers cautious.

Europe: Geopolitical Boost Fails to Lift Markets

European markets ended mixed. Defense stocks gained following President Trump’s comments on the Ukraine conflict, but broader sentiment remained uneven. Germany’s DAX rose 0.2%, while France’s CAC 40 lost 0.5%. The UK’s FTSE 100 added 0.2%, supported by defensive sectors.

Asia: Resilience Amid Global Caution

Asian equities managed modest gains despite Wall Street’s weakness. Japan’s Nikkei rose 0.3%, Hong Kong’s Hang Seng $HSI(HSI)$  led with a 1.3% climb, and China’s Shanghai Composite gained 0.8%. Bargain-hunting in tech and property sectors helped lift sentiment.

Outlook and Insights

Global markets remain cautious as valuations appear stretched while central bank rhetoric signals limited room for further multiple expansion. Investors are recalibrating risk amid ongoing geopolitical tensions and Fed uncertainty. Near-term, earnings momentum in tech and policy clarity in the US and China will likely dictate direction.

Conclusion

Markets are treading carefully, balancing growth optimism with valuation and policy headwinds. While Asia shows resilience, US and European markets suggest investors may prefer selective positioning rather than broad exposure in the near term.