On September 23, 2025 the U.S. equities market posted mixed moves while the S&P 500 chalked up its 28th record close of the year. JPMorgan CEO Jamie Dimon warned that further Fed rate cuts would be tough, shifting investor focus to monetary policy. Gold rose to a new high, futures stayed split, and big earnings from Micron and AutoZone loomed. Global cues added to the uncertainty.