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BusinessQuiet 41h · day 3

Nasdaq hits record high on AI rally, oil falls on Middle East hopes

Stock markets surge as chip stocks gain and oil slides amid speculation about US-Iran talks at the UN this week.

What to know

  • Nasdaq hit an all-time closing high Monday as semiconductor stocks surged on AI demand; Advanced Micro Devices crossed $1 trillion market cap for the first time.
  • Oil prices fell to 11-day lows on speculation about US-Iran diplomatic breakthrough at the UN, with Brent crude dipping below $100 per barrel.
  • Meta's new Muse AI assistant drove renewed tech enthusiasm Tuesday; market awaits US-China summit Thursday on trade and AI regulation.
  • Treasury yields retreated below 5% as investors assessed future Fed rate decisions; Bitcoin rose over 6% to a seven-month high on risk appetite.

“The big question is what's going to happen when the current one-year trade truce expires in November, and whilst the general tone remains positive, there still isn't an agreement yet”

Jim Reid, Deutsche Bank analyst · Bangkok Post ↗

Advanced Micro Devices chip makerMeta social media and AI companyDonald TrumpDonald Trump US PresidentMasoud PezeshkianMasoud Pezeshkian Iranian President

Nasdaq hits record high on AI rally, oil falls on Middle East hopes
Bangkok Post

How it unfolded 2 developments, newest first · click a bar or a number to jump articles

Peak 2 pieces in one hour at Sep 21, 4 AM; 7 pieces over 3 days (7 articles) Sep 21, 4 AM — 2 pieces · 2 articles — Newswires 2Sep 21, 5 AM — quietSep 21, 6 AM — quietSep 21, 7 AM — quietSep 21, 8 AM — quietSep 21, 9 AM — quietSep 21, 10 AM — quietSep 21, 11 AM — quietSep 21, 12 PM — quietSep 21, 1 PM — quietSep 21, 2 PM — quietSep 21, 3 PM — 1 piece · 1 article — Newswires 1Sep 21, 4 PM — 1 piece · 1 article — Newswires 1Sep 21, 5 PM — quietSep 21, 6 PM — quietSep 21, 7 PM — quietSep 21, 8 PM — quietSep 21, 9 PM — quietSep 21, 10 PM — quietSep 21, 11 PM — quietSep 22, 12 AM — 1 piece · 1 article — Google News 1Sep 22, 1 AM — quietSep 22, 2 AM — quietSep 22, 3 AM — quietSep 22, 4 AM — quietSep 22, 5 AM — quietSep 22, 6 AM — quietSep 22, 7 AM — 1 piece · 1 article — Newswires 1Sep 22, 8 AM — quietSep 22, 9 AM — quietSep 22, 10 AM — 1 piece · 1 article — Newswires 1Sep 22, 11 AM — quietSep 22, 12 PM — quietSep 22, 1 PM — quietSep 22, 2 PM — quietSep 22, 3 PM — quietSep 22, 4 PM — quietSep 22, 5 PM — quietSep 22, 6 PM — quietSep 22, 7 PM — quietSep 22, 8 PM — quietSep 22, 9 PM — quietSep 22, 10 PM — quietSep 22, 11 PM — quietYesterday, 12 AM — quietYesterday, 1 AM — quietYesterday, 2 AM — quietYesterday, 3 AM — quietYesterday, 4 AM — quietYesterday, 5 AM — quietYesterday, 6 AM — quietYesterday, 7 AM — quietYesterday, 8 AM — quietYesterday, 9 AM — quietYesterday, 10 AM — quietYesterday, 11 AM — quietYesterday, 12 PM — quietYesterday, 1 PM — quietYesterday, 2 PM — quietYesterday, 3 PM — quietYesterday, 4 PM — quietYesterday, 5 PM — quietYesterday, 6 PM — quietYesterday, 7 PM — quietYesterday, 8 PM — quietYesterday, 9 PM — quietYesterday, 10 PM — quietYesterday, 11 PM — quietToday, 12 AM — quietToday, 1 AM — quietToday, 2 AM — quietToday, 3 AM — quiet 12
Sep 22yesterdaynow · 4:44 AM ET
  1. 2

    Tech sector regains momentum amid AI confidence revival

    On Tuesday, stock markets advanced as oil prices fell further and enthusiasm about Meta's Muse AI agent fanned a renewed tech rally. Traders remained focused on the potential US-Iran meeting at the UN and a US-China summit Thursday expected to cover trade and AI regulation. Alibaba unveiled what it called China's most powerful AI chip at its Apsara Conference.

    “If there is widespread adoption of Muse, it could add to demand for other AI tools, which could lift the AI sector, after a rough few months…”
    — Kathleen Brooks, research director at trading group XTB
    1. first by Bangkok Post, 1d ago

    2. first by Bloomberg Markets, 1d ago

  2. 1

    Meta surges on new Muse AI assistant launch

    Meta shares soared 11.4% after Wells Fargo hiked its price target following the recent launch of the company's Muse AI assistant, which can book travel, send emails, and make purchases.

    “We've been kind of programmed to follow the price of oil and the yield on the US 10-year, and if you look at those two things today, they've shifted from being headwinds to tailwinds for this market, at least in the near term…”
    — Art Hogan, Chief market strategist at B. Riley Wealth · source
  3. background

    Oil prices fall to 11-day low on Middle East peace speculation — Crude prices tumbled as investors speculated about a potential breakthrough in Middle East talks at the UN General Assembly this week. Brent crude futures dipped below $100 a barrel to their lowest level since September 9, settling at $100.34 per barrel. US President Trump said he would be open to meeting Iranian President Masoud Pezeshkian at the UN.

  4. background

    Nasdaq reaches record close as AI stocks rally — The Nasdaq surged to a record-high close on Monday, lifted by gains in semiconductor stocks including Advanced Micro Devices (up 10%), Intel (up 12.2%), and Arm Holdings (up 17%). Advanced Micro Devices reached a $1 trillion market capitalization for the first time. The PHLX semiconductor index jumped 4.3%.

Also covered reported alongside — the timeline has no entry for these yet

  1. first by Investing.com News, 2d ago · also Yahoo Finance, WSJ Markets

    1 more headline

and 1 smaller piece