The stock market fell on Thursday, marking its third consecutive day of declines for the first time in six months.
Jobless claims for the week ending September 20 fell to 218,000, coming in below expectations of 235,000. At the same time, second-quarter GDP growth was sharply revised upward to 3.8%, compared to the previous estimate of 3.3%.
These stronger-than-expected figures may prompt the Federal Reserve to hold off on any further interest rate cuts.
The S&P 500 and NASDAQ both closed down 0.5%, ending the day at 6,605 and 22,385, respectively.
Tweet of the Day
Good stuff here on Credo Technology $CRDO. I hold this stock in my Growth Portfolio & Aggressive Growth Portfolio and its grown into being a top holding. https://t.co/vCypU6ezSD
— David Sharek (@GrowthStockGuy) September 24, 2025
Chart of the Day
Here is the one-year chart of Amphenol (APH) as of August 27, 2025, when the stock was at $110.
Connector manufacturer Amphenol (APH) is having a stellar year. Last quarter, the company reported outstanding profit growth of 84% year-over-year which crushed estimates of 41%. Sales jumped 57%.
Management said the company had exceptional organic growth in the IT datacom market. Afterwards, analysts boosted 2025 profit estimates from $2.53 to $3.04. That’s a big jump!
APH is part of our Conservative Growth Portfolio, Growth Portfolio, and Aggressive Growth Portfolio. The numbers look very good, and just got better.
