Weekly Market Update – September 8, 2025

Taylor Champion
Sep 8, 2025
2 min read

Price Return Last Week

S&P 500 +0.4% S&P Mid Cap +1.3% Russell 2000 +1.1%

MSCI EAFE +0.3% MSCI EM +1.4%

10 Yr US Treasury Rate – fell from 4.23% to 4.09%

Source: Refinitiv Eikon

Recent News

Jobs Report – Aug: 22k (Reuters Poll est. 75k) Jul: 79k

Jobs added in August fell below expectations and the unemployment rate ticked slightly higher to 4.3%. Jobs added in July were revised higher by 6,000 jobs but revisions to June’s report showed a change from a gain of 14,000 jobs to a loss of 13,000. It is the first monthly decline in payrolls since December 2020. This also represents the first jobs report since President Trump fired BLS Commissioner Erika McEntarfer. Trump’s replacement for the role has not yet been confirmed by the Senate.

Source: The Wall Street Journal

Q2 Earnings – Over 99% of companies in the S&P 500 have now reported their second quarter earnings. 81% of companies in the index reported positive surprises for both earnings and revenue. AI remains a hot topic with 287 references to “AI” on earnings calls, topping the previous record of 247 achieved during Q4 2024. Earnings growth in Q2 came in at 12.0% year-over-year, led by the Communication Services sector, which grew 46% year-over-year. Earnings growth for the entirety of 2025 is now estimated at 10.6% with projections for earnings to accelerate in 2026 to 13.6%.

Source: FactSet

Trump Lowers Japanese Auto Tariffs – President Trump signed an order on Thursday to reduce tariffs on Japanese cars to 15% from 27.5%. The order claims that Japan will increase purchases of American agricultural goods, airplanes, and other products by $8 billion per year. It also comes days ahead of a key vote in Japan that could see the ruling party replace Prime Minister Shigeru Ishiba with a new leader.

Source: Thomson Reuters

Old Hollywood Meets AI – Technology company Showrunner announced plans to use AI to reconstruct the lost 43 minutes of Orson Welles’ famously edited film The Magnificent Ambersons. Welles developed the movie with RKO Pictures but did not control “final cut” privileges and RKO cut a significant portion of the picture and changed the tone from a melancholy story to something more uplifting. While the movie earned a nomination for Best Picture, Welles stated that they “destroyed” his movie. Showrunner plans to use past scripts, storyboards, and notes to attempt to piece together the missing footage with AI technology.

Source: NBC News

Upcoming Events

9/9 – Notable Earnings Reports: Synopsys, Oracle, Rubrik

9/10 – PPI

9/11 – CPI, ECB Meeting, Notable Earnings Reports: Kroger, Adobe

9/12 – Consumer Sentiment

Source: Refinitiv Eikon