Nasdaq Closes at Record as AMD Tops $1 Trillion, While Oil’s Four-Day Slide Eases Inflation Fears
U.S. equities rallied after positive signals emerged from high-level China-U.S. trade talks in New York, with tech stocks leading the move. The Dow Jones Industrial Average rose 0.71%, the S&P 500 gained 1.49%, and the Nasdaq Composite jumped 2.26% to a record close. AMD surged 9.95% and crossed the $1 trillion market-cap mark for the first time, while Meta climbed 11.43% as its AI agent Muse topped free app rankings in the U.S. Oil prices, meanwhile, fell for a fourth straight session, with WTI settling at $95.78 a barrel and Brent at $100.34, both the lowest since Sept. 8. The drop in crude came even as St. Louis Fed President Alberto Musalem struck a hawkish tone, saying inflation is already present and policy rates may still need to move higher. Treasury yields were mixed, with the 10-year yield slipping to 4.951% and the 2-year hovering near 4.75%, flattening the curve further. Bitcoin rose above $87,000 as risk appetite improved, while investors also tracked AI policy comments from Donald Trump, U.N.-related geopolitical developments, and a packed calendar of events for Sept. 22 and Sept. 23.








