Nasdaq closes at record high

The Nasdaq Composite jumped 2.26% to 27,122.09, its first record close since June. The S&P 500 gained 1.49% and the Dow added 0.71%.

“The Nasdaq Composite gained 2.26% for a record close of 27,122.09, its first since June.”

AI chip stocks lead the rally

Intel surged 12%, AMD jumped 10% and hit $1 trillion market cap, and Qualcomm rose over 9% as artificial intelligence demand drives semiconductor gains.

“The broader market was supported by a rise in artificial intelligence-related stocks.”

AMD reaches trillion-dollar milestone

Advanced Micro Devices stock surged to a record high, pushing the chip giant's market value just above $1 trillion for the first time.

Oil prices fall sharply

U.S. crude dropped 4.5% to $95.78 per barrel, while Brent slid 3.4% to $100.34 as traders assess Middle East supply disruptions.

Houthis attack Saudi Arabia

Iran-backed Houthis attacked Saudi Arabia with missiles and drones on Saturday, prompting the U.S. State Department to warn Americans against Middle East travel.

Trump signals openness to Iran talks

President Trump told Fox News he would probably be open to meeting Iranian President Masoud Pezeshkian during this week's UN General Assembly.

Treasury yields decline

The 10-year Treasury yield fell over 4 basis points to 4.951%, while the 30-year yield dropped to 5.284% as oil prices eased.

Fed raised rates last week

The Federal Reserve hiked interest rates last week for the first time in three years as it battles sticky inflation and elevated bond yields.

Energy shock risks inflation

Analysts warn that prolonged Middle East conflict threatens oil production and shipping, potentially triggering second-round inflation effects.

“The longer this energy shock persists, the greater the risk of second-round inflation effects.”

Trump-Xi summit this week

President Trump and Chinese President Xi Jinping will meet during the UN General Assembly to discuss AI, tariffs, and critical minerals.

Meta paces best day in over a year

Meta Platforms shares jumped nearly 12% in afternoon trading, on track for their best day since April 2025.

Magnificent Seven ETF hits record

The Roundhill Magnificent Seven ETF reached an intraday all-time high of $71.74 for the second straight day, tracking mega-cap tech stocks.

Ciena upgraded on AI networking

Evercore ISI upgraded Ciena to outperform, raising its price target to $550 from $375, citing the company's critical role in AI infrastructure.

Paramount-Skydance merger clears

A settlement was reached between Paramount Skydance and four holdout states, clearing the way for the merger to create the largest U.S. TV network portfolio.

Greenland stocks surge on Trump deal

Greenland Energy soared 144% and Critical Metals Corp jumped 37% after Trump announced a U.S.-Denmark-Greenland security pact for Arctic military presence.

Bitcoin hits highest level since January

Bitcoin climbed 4% to $84,671.80, reaching $85,229.44 intraday, its highest level since January, as crypto stocks rally on regulatory clarity.

Accenture partners with Anthropic

Accenture announced a partnership with AI company Anthropic, with both investing at least $1 billion to build AI capacity.

Volkswagen exits blue chip index

Volkswagen fell out of the Euro Stoxx 50 index after shares declined 27.5% this year, reflecting deep struggles in Europe's auto sector.

Seasonal tailwinds support stocks

Strategists note that post-midterm election years historically deliver strong returns, with the S&P 500 averaging over 20% gains in the following 12 months.