Equity Alert
US indices hit record highs Fri; Apple up as iPhones sales begin
This story was originally published at 08:04 IST on 22 September 2025
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Equity Alert: US indices hit record highs Fri; Apple up as iPhone sales begin
MUMBAI--0743 IST--Equity indices in the US notched record closing highs again on Friday. The S&P 500 and the Nasdaq Composite indices closed higher, gaining for three consecutive weeks, helped by the US Federal Reserve's move to cut lending rates Wednesday. Market participants focused on details of a call between leaders of the US and China, which US President Donald Trump described as "very productive."
The Nasdaq Composite closed over 0.7% higher and shares of Apple rose more than 3?ter the company's latest iPhone went on sale. JP Morgan raised the company's target price to $280 from $255, Reuters reported. The Dow Jones Industrial Average index closed 0.4% higher, marking two consecutive weeks of gains.
Among other gainers, shares of Oklo and Nano Nuclear Energy rose 21-29%. Shares of Paramount Skydance rose nearly 6?ter media reports laid out more details about the company's likely bid for Warner Bros. Discovery. Shares of Warner Bros. Discovery were up more than 3%.
Following are the closing levels of US indices Friday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6664.36 |
0.49 |
|
NASDAQ Composite |
22631.48 |
0.72 |
|
Dow Jones Industrial Average |
46315.27 |
0.37 |
(Eshitva Prakash)
US$1 = INR 88.09
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
End
Edited by Avishek Dutta
All prices from National Stock Exchange, unless otherwise specified.
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