This live blog is refreshed periodically throughout the day with the latest updates from the market. To find the latest Stock Market Today threads, click here.

Happy Tuesday. This is TheStreet's Stock Market Today for Sept. 23, 2025. You can follow the latest updates on the market here in our daily live blog.

Fed Governors have been at the mic all day, starting with Fed Governors Goolsbee (Chicago), Bowman (Vice Chair, Supervision), and Bostic (Atlanta).

Goolsbee doubled down on the importance of meeting the 2% target and said that he's "not thinking" about a 50 basis point cut.

Bowman said she was worried the central bank was "behind the curve" on the labor market, adding that faster cuts will be needed if conditions continue to worsen.

Bostic warned that more inflation could be coming, while suggesting that the neutral rate could be "rising."

In a few minutes, Fed Chair Jerome Powell will also be delivering remarks. This thread will be updated at the time with some of his commentary.

President Donald Trump just wrapped fiery remarks at the UN General Assembly, where he said that his presidency was "the golden age of America" and that the U.S. is the "hottest country anywhere in the world."

The President also touched on the stock market's rally, "uncontrolled migration", and promised lower gas prices a year from now. He also touched on the need to end the "Gaza War" and the Russian attacks on Ukraine.

The remarks come just an hour after the administration proposed a widely-anticipated new H-1B visa process.

Heading into midday, the Nasdaq (-0.32%), S&P 500 (-0.16%), and even Dow (+0.13%) are losing steam, declining from highs this morning. Even the strong-spirited Russell 2000 (+0.61%) is lower.

That said, it's time to check in on the market. Market-wide, there's 3,271 stocks rising and 2,105 declining, per data from FinViz.

Looking specifically a firms just above a $2 billion market cap, let's take a look at the top-performers and worst-performers of the day:

At the top of the market, we have Crane NXT CXT (+15.8%), Landbridge Company LB (+15.3%), and BigBear.ai Holdings BBAI (+12.8%), among others.

Here are the top 20 performers:

Strive Inc ASST (-15.3%), Diginex DGNX (-13.8%), and Firefly Aerospace (-12.6%) are the worst-off today, all down double-digits.

Here's the bottom 20:

The Russell 2000 (+0.71%) is having a pretty solid day, despite other benchmarks sinking. It's currently sitting just off intraday highs and is trending for a record close.

Looking at the heatmap reveals a more complicated story, though. 627 of the index's holdings are in the red at the moment, about a third of them in total.

Despite the index's rise, there's definitely a healthy amount of red; stocks like New Fortress Energy (-9.1%), Arrive AI (-8.87%), and Global Medical REIT (-8.56%) are leading the index's losers.

On the flip side, Zspace ZPC (+37%), Better Home & Finance BTR (+37%), and NextNRG NXXT (+30.7%).

Here's the heat map:

The Russell 2000 just set an intraday high, surpassing the 2,472.27 price point that it notched on Sept. 19.

To set a new record close, the index just has to stay above 2,467.70, which was set Sept. 18 and represents the growth index's first record since Nov. 2021. It would be its second record close of the year.

U.S. stocks are now trading. The S&P 500 (+0.02%) is at 6,693.86, inching closer to the crucial 6,700 milestone. The Nasdaq (-0.05%) is at 22,778.64 this morning. In other words, pretty flat. We'll have to see if these two can get out of their funk.

By contrast, the Russell 2000 (+0.44%) and Dow (+0.32%) are going a little stronger this morning. They tend to move together

In the last 30 minutes, the S&P Global PMI and Richmond Fed Manufacturing and Services data dropped.

S&P Global Composite PMI (53.6), Manufacturing PMI (52), and Global Services PMI (53.9) came in softer than last month, but not by much.

The Richmond Fed Manufacturing Index (-17), Manufacturing Shipments Index (-20), and Services Revenues (+1) also came in lighter than in August.

For the moment, three of the four most-watched U.S. equities benchmarked are in decline; the Russell 2000 (-0.02%), Nasdaq (-0.08%), and S&P 500 (-0.10%) among them. The Dow (+0.05%) is the sole exception in the green at the moment.

Here are a handful of stories crossing the wire before the market opens this morning:

China and the U.S. are said to be closed to a "huge" deal for Boeing  (BA)  aircraft.

A new report from Bain says that AI firms might come up $800 billion short of the revenue required to "meet projected demand" by 2030.

Gold continues its rally, with Dec. 2025 futures surpassing $3.8K

OECD raised U.S. and global growth forecast; warns that tariff impacts still have yet to be realized

AutoZone  (AZO)  (-2%) sales rose as prices increased, a product of tariffs

Increasingly, the story on Wall Street is turning from the recent Fed rate cut to the future ones. JP Morgan Chase  (JPM)  CEO Jamie Dimon said in an interview last night that cutting rates further from here will be "hard" for the Fed to cut further from here.

With that, bullish investors are going to have to find reasons to keep up the momentum, especially outside of the narrow handful of equities that are keeping the indexes alive. Yesterday was S&P 500's, Nasdaq's and Dow's 28th, 19th, and 7th record close of the year. For Gold, it was the 36th.

Futures today are mixed this morning, so if that's to continue, there's a balance to walk from day-to-day. Here is what could help move markets today:

Nasdaq says there's 15 earnings reports today. Of them, six are for firms over a $1 billion market cap.

Among them are Micron Technology  (MU) , AutoZone  (AZO) , among others. Also included in today's earnings festivities is comeback story Barnes & Noble Education BNED, which might have interesting results.

Per the company, here's the top earnings reports on deck for today:

Today, there's a modest list of economic prints inbound, including the Current Account, S&P Global PMI, and Richmond Fed Index.

Plus, today we'll be hearing speeches from Fed Governors Bowman (Vice Chair of Supervision), Bostic (Atlanta), and Powell (Chairman), in that order.

Here's everything on the docket toady, per TradingEconomics:

This story was originally reported by TheStreet on Sep 23, 2025, where it first appeared in the Stock Market News & Data section. Add TheStreet as a Preferred Source by clicking here.