US Equity Indexes Lower Amid Q2 GDP Growth, Dip in Jobless Claims

03:53 PM EDT, 09/25/2025 (MT Newswires) -- US equity indexes were lower ahead of the close on Thursday amid better-than-expected GDP growth and initial jobless claims data.

The Nasdaq Composite fell 0.54% to 22,375.8, with the S&P 500 down 0.52% to 6,603.1, and the Dow Jones Industrial Average 0.38% lower at 45,944.6. Most sectors fell, with health and consumer discretionary leading the decliners. The energy sector was the only gainer.

The CBOE Volatility Index rose 4.5% to 16.91.

Most Treasury yields rose, with the 10-year yield up 2.5 basis points to 4.17% and the two-year rate 6.5 basis points higher at 3.66%.

Gold futures rose 0.42% to $3,783.8.

West Texas Intermediate crude oil futures rose 0.29% to $65.19 a barrel.

In economic news, US real gross domestic product for Q2 rose at an annual rate of 3.8%, up from a 0.6% drop in Q1, and higher than the 3.3% forecast by a survey compiled by Bloomberg. The Bureau of Economic Analysis highlighted in a Thursday report that the better-than-expected print could be attributed to an acceleration in consumer spending.

US initial jobless claims for the week ended Sept. 20 fell to 218,000 from upwardly revised 232,000 in the prior week, and below the 233,000 expected in a survey compiled by Bloomberg.

New orders for manufactured durable goods in August increased 2.9% to $312.1 billion, up from a 2.7% decline in July, and higher than the 0.3% drop expected in a Bloomberg-compiled survey. The advance international goods trade deficit in August was $85.5 billion, down 16.8% from $102.8 billion in July, and lower than the $95.7 billion expected in a survey compiled by Bloomberg.

The National Association of Realtors report showed that the rate of US existing home sales declined by 0.2% in August to 4 million from 4.01 million in July, and above the 3.95 million rate expected in a survey compiled by Bloomberg.

The Kansas City Fed monthly manufacturing index rose to a reading of 4 in September from 1 in August, indicating expansion in the sector.

In company news, Intel (INTC) shares rose 8.1% in recent trading, the top performer of Nasdaq and the S&P 500, after Bloomberg reported late Wednesday that the chipmaker is seeking an investment from Apple (AAPL) to bolster its business as part of turnaround efforts. Intel (INTC) and Apple (AAPL) did not immediately respond to requests for comments from MT Newswires. Apple (AAPL) shares gained 1.8%.

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