Nasdaq hits record high

The Nasdaq Composite rose 0.45% to close at 27,244.28, marking its first record close since June. The S&P 500 stayed flat at 7,764.64 while the Dow fell 0.36%.

Oil falls on Iran diplomacy

Brent crude dropped 1.09% to $99.25 per barrel and U.S. crude fell 1.24% to $94.59, marking the fifth straight day of losses for both benchmarks after Trump said talks with Iran went well.

Trump signals Iran deal possible

At the UN General Assembly, Trump said he has a big decision on whether to pursue a deal with Iran or take military action, adding he believes a deal will happen after the election.

“we'll make a deal right after the election because it doesn't make sense for them not to”

Hormuz reopening reported

Iran reportedly offered to reopen the Strait of Hormuz within seven days if the U.S. takes steps toward de-escalation, though CNBC has not independently verified the report.

Saudi pipeline restart planned

Saudi Arabia is reportedly planning to restart its East-West pipeline as early as this week, adding to supply optimism that's pressuring oil prices lower.

Sandisk surges on AI bet

Sandisk jumped nearly 7% after Rosenblatt initiated coverage with a buy rating and $2,400 price target, saying memory hardware is becoming critical to AI infrastructure.

Treasury yields edge lower

The 10-year Treasury yield fell to 4.959% as markets digest the Fed's recent quarter-point rate hike and concerns about persistent inflation.

Rate hike complacency concerns

RBC Wealth Management's Tom Garretson warns markets may not appreciate the impact of higher rates, with the 10-year yield potentially moving above 5% and the Fed potentially raising rates two more times into early 2027.

Trump-Xi summit this week

President Trump and Chinese leader Xi Jinping meet in Washington this week to discuss artificial intelligence, the Iran war, tariffs and rare earth metals.

Royal Caribbean eyes Sandals deal

Royal Caribbean is nearing a deal to take a 50% stake in Sandals Resorts International for $3 billion, though talks are still in progress and no deal has been finalized.

MetLife upgraded to overweight

Piper Sandler upgraded MetLife to overweight from neutral with a $120 price target, saying the market hasn't appreciated the company's reinvention as a high free cash flow and return on equity player.

Diesel export ban under review

Treasury Secretary Scott Bessent said the Trump administration is examining whether a diesel export ban is feasible to address record-high fuel prices.

Microsoft price target raised

Oppenheimer raised Microsoft's price target to $570 from $515, citing strong Azure cloud growth, Microsoft 365 usage and Copilot AI tool strength.

Lennar jumps on Berkshire buy

Lennar rose more than 4% after Berkshire Hathaway disclosed it purchased over 2.7 million shares of the homebuilder.

Amgen posts positive trial results

Amgen shares gained more than 3% after announcing positive Phase 3 trial results for dazodalibep, which treats moderate-to-severe Sjögren's disease in adults.

Shopify jumps on Meta partnership

Shopify rose nearly 7% after announcing a partnership with Meta's AI agent Muse to enable agentic checkout through Shop Pay on its stores.

Viking Therapeutics challenges obesity leaders

Viking Therapeutics jumped 31% after announcing its obesity drug VK2735 helped patients lose 16-19% of body weight in 21 weeks, competing with Eli Lilly and Novo Nordisk treatments.

Alibaba unveils new AI chip

Alibaba shares jumped 3% after unveiling the Zhenwu V900 AI chip with three times the performance of its predecessor and plans to expand data center capacity to over 20 gigawatts by 2032.

Taiwan Taiex hits record high

Taiwan's Taiex benchmark rose to a record intraday high of 48,601.53 driven by tech stocks including TSMC, MediaTek and Delta Electronics on AI optimism.

UK borrowing surges ahead of budget

UK public sector net borrowing rose 20% year-on-year to £18.3 billion in August, adding pressure on Prime Minister Andy Burnham ahead of the October 28 budget.