
U.S. stock markets declined for a third consecutive day on Thursday, September 25, 2025. The S&P 500 fell 0.5% to 6,604.72, the Dow Jones Industrial Average dropped 0.4% to 45,947.32, and the Nasdaq Composite slid 0.5% to 22,384.70. Despite the pullback, all three indexes remain near record highs reached earlier in the week. In individual stock news, CarMax saw a significant 20.1% decline, while, IBM rose 5.2% on promising quantum computing developments with HSBC. The Personal Consumption Expenditures (PCE) index for August will be released Friday.