Iran Proposes Seven-Day Strait of Hormuz Reopening Plan; Oil Prices Retreat
Iranian Foreign Minister Abbas Araghchi announced a plan to reopen the Strait of Hormuz within seven days if the U.S. takes necessary actions, conveyed via Qatar. This led to a retreat in oil prices, with WTI crude falling 2.33% to $92.41 and Brent crude dropping 2.14% to $104.32. U.S. stocks rose on the news, with the Dow gaining 0.93%. The proposal temporarily eased supply disruption fears, though market expectations for a Fed rate hike in October rose to nearly 70%.
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Wall Street Rises as Oil Falls on Hormuz Reopening Hopes; AI Drives Weekly Gains
U.S. stocks closed higher on September 25, with the Dow Jones Industrial Average rising 0.93% to 51,828.62, the Nasdaq gaining 0.48% to 27,068.72, and the S&P 500 adding 0.51% to 7,743.41. The rally was fueled by a retreat in oil prices after Iranian Foreign Minister Araghchi announced a plan to reopen the Strait of Hormuz within seven days if the U.S. takes necessary actions, easing supply disruption fears. West Texas Intermediate crude fell 2.33% to $92.41 per barrel, and Brent crude dropped 2.14% to $104.32. AI-related stocks led weekly gains, with Meta surging over 10% on the popularity of its AI agent Muse, though Meta fell 3.33% on Friday due to reported computing bottlenecks. Apple hit a record closing high of $341.07. The University of Michigan's September consumer sentiment index fell to 48.1, a four-month low, while inflation expectations rose to 4.6%. Federal Reserve officials signaled a need for restrictive policy, raising market expectations for a rate hike at the next meeting on October 27-28 to nearly 70%.
US stocks rebound, oil falls on Strait of Hormuz reopening hopes, yen surges 1%
On Friday, September 25, US stocks rose in volatile trading, with the S&P 500 and Nasdaq supported by AI-related gains, particularly Meta's 10% weekly surge driven by its new AI agent Muse. The Dow fell for a fourth consecutive week. Oil prices dropped over 3% after reports of US-Iran technical talks on reopening the Strait of Hormuz, with WTI crude posting a 3.82% weekly loss. The yen strengthened 1.2% against the dollar after Japanese and US officials signaled concerns over a weak yen, with Japan's Finance Minister stating Prime Minister Ishiba told President Trump the yen is 'undervalued.' US Treasury yields retreated from multi-year highs but still posted their worst weekly performance since April 2024, with the 10-year yield above 5.22%. Gold rebounded but fell over 2% for the week due to high interest rates and a strong dollar. Market expectations for a Fed rate hike in October rose to 70% at one point this week, fueled by rising consumer inflation expectations.
Read sourceApple Hits Record High, US Bond Yields Retreat as Fed Rate Hike Bets Rise
On Friday, September 25, US stocks rose as bond yields paused their climb and oil prices fell from highs. The Dow gained 0.93%, the S&P 500 rose 0.51%, and the Nasdaq added 0.48%. Apple closed at a record $341.07, up 1.53%. AI trading was cited as a key driver for the week's gains. Meta fell 3.33% after its AI agent Muse faced 'computing bottlenecks.' Oil prices dropped over 2% on cautious optimism about resolving the Iran-Hormuz Strait dispute, after Iran proposed a seven-day reopening plan via Qatar. US bond yields retreated from intraday highs, with the 2-year yield falling 7 basis points to 4.86% and the 10-year yield down 4 basis points to 5.165%, though long-term yields hit multi-year highs for the week. The University of Michigan consumer sentiment index fell to 48.1 in September, a four-month low, while inflation expectations rose to 4.6% for the one-year outlook. Several Fed officials, including Cleveland Fed's Hammack and Kansas City Fed's Schmid, warned inflation remains above target, signaling a need for restrictive policy. Market pricing for a rate hike at the next Fed meeting rose to nearly 70% from 53% the prior week.
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Dow Falls for Third Day as Yields Hit 20-Year Highs; Oil Surges on Middle East Tensions
U.S. stocks ended mixed on Thursday, with the Dow Jones Industrial Average falling for a third consecutive session, down 0.31% to 51,349.98. The S&P 500 slipped 0.02%, while the Nasdaq edged up 0.01%. Treasury yields surged to multi-decade highs, with the 30-year yield touching 5.501%, the highest since June 2004, and the 10-year yield reaching 5.223%, a level not seen since June 2007. The 2-year yield rose to 4.941%. The yield spike fueled expectations for further Federal Reserve rate hikes, with CME FedWatch data showing a 71% probability of a rate increase in October, up from 55% a week earlier. Philadelphia Fed President Anna Paulson said inflation remains concerning and that another small rate hike may be needed. New York Fed President John Williams said another rate increase this year is reasonable. Oil prices surged, with WTI crude rising 2.66% to $94.61 and Brent crude gaining 3.41% to $106.60, driven by escalating Middle East tensions after Houthi attacks on Saudi Arabia and the UAE suspending flights from Iran. Gold fell 0.19% to $4,310.10. Meta shares jumped 4.50% after JPMorgan said its AI agent Muse could dominate the market. Oracle shares fell 3.47% on a report it is using force majeure to avoid liability for a data center delay.
Read sourceMeta Surges 4.5% to Near $2 Trillion Market Cap, Hitting One-Year High
On September 24, U.S. stock markets closed mixed as rising Treasury yields weighed on sentiment. The Dow fell 0.31%, the S&P 500 dipped 0.02%, and the Nasdaq edged up 0.01%. Major tech stocks diverged, with Meta surging 4.5% to a one-year high, nearing a $2 trillion market cap, driven by the launch of its personal AI assistant Muse. Google rose 1.2%, while Tesla, Microsoft, Nvidia, and Apple declined. The semiconductor sector fell 0.33%, with ARM dropping 7.88%. Storage chip and optical communication stocks broadly declined. Chinese ADRs were mixed, with the Nasdaq China Golden Dragon Index down 0.67%. U.S. Treasury yields rose sharply, with the 10-year yield hitting 5.223%, a 16-year high, as market expectations for a Fed rate hike in October rose to 67.5% from 55% a week ago. International oil prices rebounded over 3%, with Brent crude closing at $106.60 per barrel. Precious metals fell, with COMEX gold down 0.19%. Analysts cited Fed rate path uncertainty and dollar strength pressuring gold, while tight supply and geopolitical risks support further oil price gains.
Read sourceMeta Surges 4.5% on AI Assistant Launch, Nears $2 Trillion Market Cap
On September 24, US stock markets were mixed as rising Treasury yields weighed on sentiment. The 10-year yield hit 5.223%, its highest since 2007, and the 30-year yield touched 5.499%. Market pricing for a Fed rate hike in October rose to 67.5%, up from 55% a week earlier. Large tech stocks diverged: Meta surged 4.5% to a one-year high, nearing a $2 trillion market cap, driven by the launch of its personal AI assistant Muse. Google rose 1.2%, while Tesla, Microsoft, Nvidia, and Apple fell slightly. The Philadelphia Semiconductor Index dropped 0.33%, with ARM falling 7.88%. Storage chip and optical communication stocks broadly declined. Chinese ADRs were mixed, with the Nasdaq Golden Dragon China Index down 0.67%. Oil prices rebounded sharply, with Brent crude up 3.41% to $106.60 per barrel, amid supply concerns. Gold fell 0.19% to $4,310.10 per ounce. Analysts attributed gold's weakness to rate hike expectations and a strong dollar, but noted central bank buying provides a floor. Oil is expected to remain elevated due to tight supply and geopolitical risks in the Strait of Hormuz.
Read sourceMeta Surges 4.5% to One-Year High, Nears $2 Trillion Market Cap as US Stocks End Mixed
On September 24, US stock indices ended mixed, with the Dow Jones falling 0.31% and the Nasdaq rising slightly. Large-cap tech stocks showed divergence, led by Meta which surged 4.5% to a one-year high, nearing the $2 trillion market cap, driven by the launch of its personal AI assistant Muse. US Treasury yields rose sharply, with the 10-year yield hitting 5.223%, the highest since July 2007, fueling expectations of further central bank rate hikes. Oil prices climbed, with Brent crude reaching $106.60 per barrel, while precious metals declined. Analysts cited internal Fed分歧 on rate paths and dollar strength pressuring gold, but noted global central bank buying and private sector long-term allocation are building a floor for gold prices. Oil supply tightness and geopolitical factors around the Strait of Hormuz are expected to keep prices elevated in the near term.
US semiconductor stocks fall, Alibaba drops 4%, gold and silver decline as Fed hints at more rate hikes
On September 23, during US stock market trading, the three major indices fluctuated at low levels, with the Dow down 0.34%, the Nasdaq down 0.87%, and the S&P 500 down 0.5% as of 23:10. The Philadelphia Semiconductor Index fell over 1%, having earlier dropped more than 2%, with semiconductor and memory chip stocks broadly declining. SK Hynix, SanDisk, Intel, and Broadcom each fell over 2%, while ARM, Micron Technology, Qualcomm, AMD, and Marvell Technology dropped over 1%. Popular Chinese concept stocks fell collectively, with Alibaba down over 4%, Xiaomi, Tencent Holdings, and Kingsoft Cloud down over 3%, and Baidu, BYD, and others down over 2%. The 'Magnificent Seven' tech stocks were mixed, with Google down over 2%, Amazon and Nvidia down over 1%, and Meta up over 1%. Precious metals declined, with spot gold falling over 1% to below $4,300 per ounce and spot silver dropping over 3% to $64.718 per ounce. International oil prices rose, with WTI crude futures up over 1% to $91.66 per barrel and Brent crude up over 2% to $101.72 per barrel. The US 10-year Treasury yield briefly rose to 5.04%, the highest since 2007. On the news front, Federal Reserve Governor Michelle Bowman stated that further rate hikes may be needed to ensure a timely return to the 2% inflation target. Additionally, according to CCTV International, Iranian President Ebrahim Raisi, speaking at the UN General Assembly, said Iran will not surrender in a war with the US but believes diplomacy can end the conflict, and that Iran needs nuclear energy, not nuclear bombs.
Read sourceUS Chip Stocks Fall, Alibaba Drops 4%, Gold Slips as Fed Flags Possible Rate Hike
On September 23, US stock markets traded lower in the evening session, with the Dow down 0.34%, the Nasdaq down 0.87%, and the S&P 500 down 0.5%. The Philadelphia Semiconductor Index fell over 1%, dragged down by declines in major chip stocks including SK Hynix, SanDisk, Intel, and Broadcom, each dropping over 2%. Popular Chinese ADRs also declined sharply, with Alibaba falling over 4%, and Xiaomi, Tencent, and Kingsoft Cloud losing over 3%. Among the 'Magnificent Seven' tech stocks, Google fell over 2% while Meta rose over 1%. Precious metals weakened, with spot gold losing over 1% to below $4,300 per ounce and spot silver dropping over 3%. Oil prices rose, with WTI crude up over 1% to $91.66 per barrel. The 10-year US Treasury yield briefly hit 5.04%, the highest since 2007. On the news front, Federal Reserve Governor Michelle Bowman stated that further rate hikes may be needed to ensure inflation returns to the 2% target. Separately, Iranian President Ebrahim Raisi, speaking at the UN General Assembly, said Iran will not surrender in a war with the US but believes diplomacy can end conflicts, and that Iran needs nuclear energy, not nuclear weapons.
Read sourceUS stocks and bonds fall, chip stocks decline, Meta rises over 3%
On September 23, US stock indices fell, with the Dow down 0.3%, S&P 500 down 0.38%, and Nasdaq down 0.63%. US bonds also fell, with the 10-year Treasury yield rising to 5.04%, the highest since 2007. Large tech stocks were mixed: Meta rose 3.3% to a new high since September 2025, while Amazon, Google, and Nvidia fell. Chip stocks mostly declined, with the Philadelphia Semiconductor Index down over 1%. Most Chinese ADRs fell, led by Alibaba down over 4%. Gold and silver dropped, with spot gold down 1.64% to $4,286.61/oz. International oil prices rose sharply, with Brent crude up nearly 2% to $97.27/barrel. The article states it is for reference only and not investment advice.
Read sourceNasdaq Hits Record High, Apple Stock Reaches All-Time High, Storage Sector Surges
On the evening of September 22, Beijing time, the three major U.S. stock indexes opened slightly higher. As of press time, the Dow Jones rose 0.04%, the Nasdaq rose 0.42% to refresh its record high, and the S&P 500 rose 0.15%. Large tech stocks were mixed, with Apple rising over 1.7% in early trading to hit an all-time high of $345.34 per share, now up 0.72%, bringing its market value close to $5 trillion. Google rose 1.77%, while Nvidia, Meta, and Tesla edged up, and Microsoft and Amazon declined. The storage sector saw a major breakout, with SanDisk up 7.55%, Seagate Technology up over 6.4%, Western Digital up 5.7%, and SK Hynix and Micron Technology up over 2%. Chinese concept stocks collectively rose, with Alibaba up over 3%, and NIO and Li Auto up over 2%. International oil prices, spot gold, and silver fell.
Read sourceUS Stock Storage Sector Surges Late; SanDisk Up Nearly 8%, Nasdaq Hits New High
On the evening of September 22, Beijing time, US stock markets showed mixed performance. The Dow Jones Industrial Average dipped 0.09%, the S&P 500 edged up 0.04%, and the Nasdaq Composite Index rose 0.35% to a record high of 27,216 points. The 'Magnificent Seven' tech stocks mostly gained, with Apple briefly rising over 1.7% to an all-time high before paring gains, Google up over 1%, and Tesla and Meta slightly positive. The storage sector was broadly strong: SanDisk surged nearly 8%, Seagate Technology rose over 6%, Western Digital gained over 5%, and SK Hynix added over 2%. Chinese assets strengthened, with the Nasdaq China Golden Dragon Index up over 1.2%. Major Chinese tech stocks rose, including Tencent-ADR up 4%, Alibaba up over 3%, NetEase up over 2%, and Baidu, Pinduoduo, and JD.com all in positive territory. Huya gained over 4%, while Tencent Music, Gaotu Group, and Haichuan Securities rose over 3%. On the downside, Chagee and VNET Group led declines. Gold, silver, and international oil prices all fell. NYMEX crude was at $90/barrel, down 2.57%, and Brent crude at $94.47/barrel, down 1.84%. Spot gold fell 0.24% to $4,332.99/oz, and spot silver fell 0.41% to $65.73/oz.
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