Benzinga·2025-09-22 09:43Market Overview - U.S. stock futures declined on Monday after a positive performance on Friday, with major indices showing lower futures [1] - The Dow Jones index closed 173 points or 0.37% higher at 46,315.27, while the S&P 500 rose 0.49% to 6,664.36 and the Nasdaq Composite advanced 0.72% to 22,631.48 [6][7] - The S&P 500 gained 1.2% for the week, the Dow added 1%, and the Nasdaq surged 2.2% [4] Key Corporate Developments - President Trump announced that Lachlan Murdoch, Larry Ellison, and Michael Dell will invest in a deal to transfer TikTok's U.S. operations from ByteDance to American ownership [1][2] - Fox Corp. rose 4.20% as Trump considered Murdoch's involvement in the TikTok deal [16] - Oracle Corp. and Dell Technologies also saw stock increases of 0.72% and 1.11% respectively due to their executives' participation in the TikTok transfer [16] Economic Indicators - The 10-year Treasury bond yielded 4.12%, while the two-year bond was at 3.57% [3] - The CME Group's FedWatch tool indicates a 91.9% likelihood of the Federal Reserve cutting interest rates in its October meeting [3] Sector Performance - Information technology, utilities, and communication services stocks recorded the biggest gains on Friday, while energy and real estate stocks closed lower [4] - Apple Inc. saw a 3.2% increase in stock price due to strong demand for the new iPhone 17, with preorders in China surpassing those of the iPhone 16 in just one minute [5] Housing Market Insights - The latest New Residential Construction report indicated a 3.7% decline in building permits, marking the lowest level since May 2020, and an 8.5% drop in housing starts [10] - This downturn in housing data has prompted discussions about the Federal Reserve's recent rate cut and the need for a more substantial decline in mortgage rates to stimulate the housing market [11]