Wall Street just went from “to the moon” to “too much information” in less than 24 hours. 

After yesterday’s barn burner (thanks to a CPI print that pretty much graffiti-tagged Jerome “too late” Powell’s office with CUT RATES NOW) Wall Street woke up this morning like a college kid after a four-day bender. Too much info, too many charts, not enough Advil. Everyone’s been force-fed econ data through a fire hose to start September, and now the market’s trying to remember what it blacked out on.

The Dow dropped 0.4%. The S&P barely moved, up 0.2%. And the Nasdaq carried the squad with a 0.6% gain, almost entirely thanks to Tesla ripping to a seven-month high after Nevada approved robotaxi testing. Nevermind that Elon can’t sell electric vehicles anymore… robotaxi’s might be ready by 2030.

Part of the “Johnny Raincloud” effect came from the University of Michigan’s consumer sentiment survey, which showed Americans think the economy is mid (at best). Sentiment slipped more than expected in September, while long-run inflation expectations spiked to 3.9%. But even with that, traders are all but betting their firstborn that Powell cuts next week… CME futures put the odds north of 90% for a quarter-point slice and about 75% think the Fed will be forced to make three cuts before year-end.

And because we can’t go a day without talking about a new IPO, Gemini (the Winklevoss twins’ crypto exchange) hit the Nasdaq and ripped more than 40% on day one. That gave them a $3.3 billion valuation, which is hilarious when you realize they made $142M last year but somehow managed to lose $282.5M in the first half of 2025 alone. 

Not wanting to be left out, Black Rock Coffee Bar also stepped onto the stage, popping 34% right out of the gate. The Oregon-born chain raised nearly $300M, runs 158 locations, and is pitching itself as Dutch Bros with a lobby. 

Then there’s Boeing, whose stock dipped after the FAA decided to smack them with a $3.1M fine for safety violations. Three million is nothing for a company that measures contracts in billions, but the stock fell almost 2% because Boeing’s gonna Boeing.

And finally, Microsoft picked up a clean 2% gain after cooling tensions with EU regulators over its OpenAI deal. Brussels had raised concerns about whether the partnership gave Microsoft too much power in AI, but a revised agreement calmed the noise. For investors, that means the AI growth story keeps rolling without regulatory drama dragging it down… though let’s be real, when you’re worth $3 trillion, a couple of Brussels bureaucrats aren’t exactly keeping Satya awake at night.

Today looked like a setback, but it’s not enough for Powell to duck. Inflation expectations did tick up to 3.9%, which hawks will harp on, but weakening sentiment and softening demand still tilt toward cuts. The scissors are coming out, markets know it, and September’s just getting started.

If you read all of this, congrats for having a 10 second attention span (better than me). As always, here’s our heatmap for today.

At the time of publishing this article, Stocks.News holds positions in Tesla as mentioned in the article.