US Equity Indexes Continue Losing Streak as Yields Rise

01:07 PM EDT, 09/25/2025 (MT Newswires) -- US benchmark stock indexes traded lower after midday trading on Thursday after a two-day losing streak as Treasury yields rose following a slew of new economic data.

The Nasdaq Composite was down 0.5% to 22,377.3, the S&P 500 slid 0.5% to 6,604.2, and the Dow Jones Industrial Average fell 0.3% to 45,997.5.

All sectors, except energy, were in the red intraday, with health care leading the decliners.

The US 10-year Treasury yield rose 3.1 basis points to 4.18%. The two-year rate rose 5.5 basis points to 3.65%.

In economic news, US economic growth, measured by gross domestic product, was revised up to a 3.8% increase in Q2 from a 3.3% gain in the previous estimate, compared with expectations for no revision in a survey compiled by Bloomberg.

US initial jobless claims fell to 218,000 in the week ended Sept. 20 from an upwardly revised 232,000 in the previous week, compared with expectations for an increase to 233,000 as per a Bloomberg survey.

New orders for US durable goods rebounded by 2.9% in August following a decline of 2.7%, compared with expectations for a 0.3% drop in a survey compiled by Bloomberg.

The new data indicate a "solid economy," Stifel Chief Economist Lindsey Piegza said in a note Thursday.

"The latest slew of data supports the call from the more hawkish members of the [Federal Open Market] Committee to cease additional rate cuts from here and continue to focus on reinstating price stability," Piegza said.

In company news, Amazon.com (AMZN) agreed to pay a $1 billion civil penalty and $1.5 billion in customer refunds to resolve allegations by the US Federal Trade Commission that it misled customers into signing up for Prime and intentionally made it difficult to cancel, the regulator said Thursday. Amazon (AMZN) did not immediately reply to a request for comment from MT Newswires.

Amazon (AMZN) shares were down 0.5%.

Intel (INTC) is seeking an investment from Apple (AAPL) to boost its business as part of a turnaround bid, Bloomberg reported, citing people familiar with the matter. Intel (INTC) and Apple (AAPL) did not immediately respond to requests for comments from MT Newswires.

Intel (INTC) shares were up over 7%.

Separately, Apple (AAPL) asked the European Union to repeal the Digital Markets Act, which the tech giant said has negatively impacted user experiences, delayed the roll-out of new features, increased safety threats and reduced choices for consumers.

Apple (AAPL) shares were up 0.6%.

The ICE US Dollar Index was up 0.6% to 98.43.

West Texas Intermediate crude oil fell 0.5% to $64.69 per barrel.

Gold was down 0.1% to $3,766.20 an ounce, and silver rose 1.9% to $45.05 per ounce.

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