Nasdaq Composite Hits Fresh Intraday Record Above 27,250 as Oil Falls And Tech Stocks Extend Rally

Mumbai, Sept 22: The Nasdaq Composite rose 107.17 points, or 0.40%, to 27,229.26 in the opening session on Tuesday, extending the previous session’s record-setting advance. The index moved between 27,161.20 and 27,250.92, with the latter marking a fresh all-time intraday high. The move came as technology stocks continued to advance and oil prices declined amid reports of a possible reopening of the Strait of Hormuz. 

The latest move followed a strong session on Monday, when the Nasdaq Composite recorded its first record close since 2 June 2026. Tuesday’s early advance took the index to a new intraday peak for the first time since 1 June 2026, according to the market updates provided. The index was also trading above its previous close of 27,122.09, while its opening level stood at 27,161.20. 

The broader US market showed a more mixed opening. The S&P 500 was at 7,769.14, up 4.44 points, or 0.06%, while the Dow Jones Industrial Average stood at 51,984.27, down 64.56 points, or 0.12%. The Russell 2000, which tracks smaller US companies, rose 0.61% to 2,892.80. 

Nasdaq Rises 0.40% as Intraday Record Reaches 27,250.92 

The Nasdaq Composite’s early advance lifted the index to 27,250.92, its highest level recorded during Tuesday’s session. At 9:55:31 AM EDT, the index stood at 27,229.26, representing a gain of 107.17 points, or 0.40%, from the previous close. 

The index had opened at 27,161.20, which was also its session low at the time of the latest reading. Its intraday range therefore extended to 89.72 points, with the session high reaching 27,250.92. Trading volume was reported at 1.51 billion, compared with an average volume of 8.55 billion. 

The move added to the Nasdaq’s broader gains across several time periods. The index was up 4.82% over five sessions, 4.03% over one month, 25.81% over six months, 17.18% year to date, and 19.51% over one year. Over five years, the index had gained 82.82%, based on the figures provided. 

The latest intraday high also remained above the Nasdaq’s 52-week low of 20,690.25. The reported 52-week high was 27,250.92, matching Tuesday’s new intraday peak. 

The record move came one session after the Nasdaq posted a record close. The sequence marked a renewed advance for the technology-heavy index after it had last established a closing record on 2 June 2026. 

S&P 500 Gains 0.06% While Dow Slips 0.12% 

The broader US market opened with more limited moves than the Nasdaq. The S&P 500 rose 4.44 points, or 0.06%, to 7,769.14 at the latest reading. The index opened at 7,770.81, reached a session high of 7,782.19 and recorded a low of 7,768.15. 

The S&P 500 had gained 2.42% over five sessions, 1.24% over one month, 19.41% over six months, and 13.50% year to date. Its one-year gain stood at 16.07%, while its five-year gain was 76.75%. The index’s 52-week range extended from 6,316.91 to 7,816.70. 

The Dow Jones Industrial Average, in contrast, was lower during the opening session. It stood at 51,984.27, down 64.56 points, or 0.12%, after opening at 52,301.92. The index moved between 51,966.74 and 52,319.01. 

The Dow had declined 0.21% over five sessions and 2.43% over one month, although it remained higher by 14.06% over six months, 8.16% year to date, 12.08% over one year, and 51.74% over five years. Its reported 52-week range was 45,057.28 to 54,744.33. 

The Russell 2000 was also higher, rising 17.44 points, or 0.61%, to 2,892.80. It opened at 2,886.65 and reached 2,894.24 during the session. The index was up 0.78% over five sessions, but down 4.14% over one month. Its six-month, year-to-date and one-year gains were 18.63%, 16.56% and 17.43%, respectively. 

Also Read: What Is the New York Stock Exchange (NYSE)?

Falling Oil Prices Add Support as Hormuz Reports Emerge 

Oil prices were among the main developments accompanying Tuesday’s opening moves. Brent crude futures were reported lower by about 1% at roughly $98 a barrel, while US crude futures were around $94 a barrel in the opening-session updates. 

Other market updates placed Brent near $98.92 a barrel, down about 1%, while West Texas Intermediate crude was reported at approximately $93.50 in one update. Another market reading showed WTI at $90.75, down $1.62, or 1.75%, at 9:50:35 AM EDT. 

The decline extended oil’s losing streak to a fifth consecutive session. Earlier reports said Brent had fallen more than 10% over the previous five sessions, following a sharp decline in the previous session. WTI had fallen 4.5% to $95.78 a barrel, while Brent had settled more than 3% lower at $100.34. 

The latest decline followed reports that Iran had offered to reopen the Strait of Hormuz within seven days if the United States took steps to ease military pressure. The reports were attributed to a senior Iranian government official through Japanese media, but the reports had not been independently verified in the supplied references. 

The Strait of Hormuz is significant for energy markets because the references state that it handled approximately one-fifth of global oil and liquefied natural gas supplies before US-Israeli attacks on Iran began in late February. The possibility of reopening the route therefore featured prominently in market discussions around oil prices. 

Saudi Arabia was also reportedly preparing to restart its East-West pipeline, according to the market updates. The combination of the Hormuz reports and the possible pipeline restart coincided with the continued decline in crude prices. 

AI Stocks Keep Nasdaq Near Record Levels 

Technology and artificial-intelligence-related shares remained central to the Nasdaq’s early advance after a strong technology-led session on Monday. 

Meta Platforms was among the most closely watched stocks after rising 11.3% on Monday. Its shares continued higher in Tuesday’s early trading and were reported up about 0.57% in one market update. The earlier jump followed attention around its Muse AI agent, which reached the top position on Apple’s App Store. 

The seven major technology companies commonly grouped together as the Magnificent Seven were also tracked closely. The group comprises Apple, Alphabet, Microsoft, Amazon, Meta Platforms, Tesla and Nvidia. Their combined movement remained an important feature of the technology-led advance. 

At the latest readings, Apple was up 0.58%, Alphabet Class A was up 1.75%, Alphabet Class C gained 1.73%, Meta Platforms rose 0.42% in the Nasdaq heatmap, Tesla gained 0.43%, and Nvidia added about 0.11%. Amazon was down 0.21%, while Microsoft declined 0.95%. 

The broader technology group was mixed, showing that the Nasdaq’s record move was not accompanied by gains across every major technology stock. Micron Technology rose 2.52%, Marvell Technology gained 1.99%, Arm Holdings increased 1.09%, and Lam Research added 0.51%. 

At the same time, several technology names declined. Cisco Systems fell 2.84%, Palo Alto Networks declined 1.84%, CrowdStrike dropped 1.65%, and Texas Instruments fell 1.22%. 

Semiconductor Shares Show Mixed Moves After Monday Rally 

Semiconductor and artificial-intelligence infrastructure stocks also recorded divergent movements in the opening session. 

Seagate Technology rose 6.16% in the Nasdaq 100 heatmap, while Western Digital gained 5.04%. Monolithic Power Systems rose 4.27%, and Shopify advanced 8.46%. In the S&P 500 heatmap, Sandisk gained 7.77%, while Western Digital increased 5.65%. 

The gains came after a particularly strong Monday session for several semiconductor-related companies. The supplied market coverage noted that AMD had jumped 10% on Monday, reaching an all-time high and taking its market capitalisation above $1 trillion. AMD was little changed in Tuesday’s opening session. 

Arm Holdings and Intel had also risen sharply on Monday, gaining 17% and 12%, respectively. On Tuesday, Arm was up about 1%, while Intel was slightly lower. 

Other major chip-related stocks recorded weaker movements. Broadcom declined 0.61%, while Qualcomm was down 0.32%. Applied Materials gained 0.33%, and KLA fell 0.67%. 

The mixed performance followed renewed attention on artificial intelligence demand and the infrastructure required to support AI systems. The supplied reports also noted that concerns about capital expenditure on artificial intelligence remained part of the wider market discussion. 

Meta’s 11% Surge Keeps AI Demand In Focus 

Meta’s performance remained a significant part of the technology story after its shares rose 11% on Monday and extended gains in early Tuesday trading. 

The move followed attention around the company’s Muse AI agent, which had reached the top position on Apple’s App Store. The development was described in the supplied reports as a positive signal for continued demand for AI-related technology and chips. 

Meta is scheduled to hold its annual Connect conference during the week. Market options pricing cited in the supplied reference indicated that traders were positioning for a possible share-price move of up to 4.5% in either direction by the end of the week, based on the options market information provided. 

Meta shares had gained about 12% since the beginning of the year in the supplied coverage. The company’s latest AI products and models, including Muse, had contributed to renewed attention around its technology operations. 

Meta Chief Executive Mark Zuckerberg was scheduled to deliver a keynote address at 7:00 PM ET on Wednesday, followed by developer-focused sessions on Thursday, according to the supplied reference. 

The company’s developments also formed part of the broader discussion around AI investment. The supplied market coverage noted that forward earnings expectations remained strong, while concerns continued around the scale of AI-related capital expenditure and pressure on free cash flow. 

Also Read: How to invest in US stocks

Top Gainers Show Viking Therapeutics Up 32.14% 

The opening-session stock screen showed strong gains across several companies outside the largest technology names. 

Viking Therapeutics was the biggest listed gainer in the supplied screen, rising $9.68, or 32.14%, to $39.79. Its volume was 16.785 million shares, compared with an average volume of 2.287 million. 

The move followed the company’s announcement of results from a study of its diabetes and obesity drug VK2735. After 21 weeks, patients receiving the treatment lost between 16% and 19% of their body weight, according to the supplied market report. The drug targets the same hormone receptors as Eli Lilly’s Zepbound and Mounjaro and is being developed as a once-weekly injection, with an oral version also under development. 

Vicor rose 13.60% to $254.36, gaining $30.46. The company had issued third-quarter guidance forecasting sequential revenue growth of more than 20%, compared with previous guidance for growth of nearly 10%. 

On Holding gained 12.45% to $30.73, while Butterfly Network rose 9.99% to $8.97. Shopify advanced 7.42% to $148.16, while Celanese increased 7.49% to $47.72. 

Sandisk rose 7.27% to $1,895, adding $128.36, while Telix Pharmaceuticals gained 6.73% to $12.07. Tango Therapeutics rose 6.22% to $23.72, while Seagate Technology gained 6.16%. 

Other notable gainers included SharonAI Holdings, up 6.10%, Paramount Skydance, up 5.86%, Nebius Group, up 5.79%, IQM Quantum Computers, up 5.79%, and Western Digital, up 5.69%. 

Oil-Linked Stocks Lead Declines As Crude Prices Fall 

The stock screen also showed declines among several energy and financial companies as oil prices moved lower. 

Okeanis Eco Tankers fell 6.12% to $77.61, while TORM declined 4.74% to $35.36. Valero Energy dropped 4.21% to $376.73, and International Seaways declined 3.89% to $104.81. 

Marathon Petroleum fell 3.11% to $389.66, while DHT Holdings declined 3.41% to $21.70. Hafnia fell 3.30% to $9.38. 

The declines extended beyond energy companies. Quest Diagnostics fell 4.12% to $234.79, while LPL Financial dropped 4.79% to $316.33. Charles Schwab declined 3.66% to $102.96. 

The New York Times Company fell 4.86% to $67.12, while Liftoff Mobile declined 4.87% to $16.79. GeneDx Holdings fell 6.13% to $91.82, while Celldex Therapeutics declined 4.88% to $36.04. 

The supplied market coverage also showed AXT down 2.76%, Roblox down 3.38%, and The Trade Desk down 3.17%. 

Treasury Yield Near 4.95% As Rate Expectations Persist 

US Treasury yields remained another closely monitored market variable during Tuesday’s opening session. 

The 10-year Treasury yield was near 4.95%, according to the supplied market update, down about one basis point from Monday’s close. Another market report placed the benchmark yield around 4.9%. 

The movement in Treasury yields was reported alongside the decline in oil prices. The 10-year Treasury yield is a benchmark for a range of borrowing costs, including mortgages, corporate bonds and other loans, according to the supplied coverage. 

The market was also assessing expectations around future Federal Reserve policy. Traders were reported to be pricing in a 50.9% probability of another rate increase of at least 25 basis points in October, while Federal Reserve officials were scheduled to speak during Tuesday’s session. 

The supplied reports identified remarks from New York Federal Reserve President John Williams and Richmond Federal Reserve President Thomas Barkin among the scheduled events. Federal Reserve Vice Chair Philip Jefferson was also listed in the day’s market calendar. 

The combination of oil prices, inflation concerns, Treasury yields and interest-rate expectations remained part of the wider backdrop for Tuesday’s US equity opening. 

US-China Talks Add Another Focus Before Thursday Meeting 

US-China discussions also featured in the market updates ahead of an expected meeting between US President Donald Trump and Chinese President Xi Jinping later in the week. 

The supplied coverage said US and Chinese officials had completed preliminary discussions before the planned meeting in Washington. Treasury Secretary Scott Bessent described the preliminary talks as “very successful”, according to the reference. 

Artificial intelligence, the Iran conflict, tariffs and rare earth metals were identified as topics expected to feature in the meeting. The supplied market coverage also stated that Bessent had met Chinese Vice Premier He Lifeng before Xi’s visit to the United States. 

The discussions came as markets continued to monitor technology and trade issues alongside the performance of major AI-related companies. 

The expected US-China meeting therefore formed part of a wider set of scheduled developments being followed during the week, alongside US-Iran discussions and Federal Reserve officials’ remarks. 

Also Read: US Stock Market Timings 

Bitcoin Holds Above $86,000 After Multi-Session Rally 

Bitcoin also remained above $86,000 during Tuesday’s market updates after a sharp multi-session advance. 

The cryptocurrency had gained more than 5% on Friday and another 6% on Monday, according to the supplied report. It reached its highest level since January during Monday’s trading before easing slightly to around $86,100 on Tuesday. 

The report attributed the recent movement to renewed exchange-traded fund demand and a short squeeze, citing external market commentary included in the supplied reference. Bitcoin had also moved above its 50-day moving average, which was highlighted in the market coverage. 

Crypto-linked stocks remained higher despite the slight retreat in Bitcoin. Robinhood Markets, Coinbase Global, Strategy and Circle Internet Group were all reported to have risen modestly, following sharp gains on Monday. 

The cryptocurrency market therefore remained another area of activity alongside the technology-led movement in US equities. 

Gold Slips 0.3% As Markets Track Interest Rates 

Gold prices moved lower during Tuesday’s opening session as markets continued to assess the outlook for US monetary policy and developments in the Middle East. 

Spot gold was down 0.3% at $4,332.34 an ounce by 9:25 AM ET, while US gold futures declined 0.3% to $4,370.40. 

Another market update also placed gold futures at approximately $4,370 an ounce, down 0.3%. 

The movement came as traders assessed expectations for interest rates and monitored developments involving the Middle East. The supplied reports linked the broader market backdrop to the direction of Treasury yields, oil prices and Federal Reserve policy expectations. 

The US dollar index, which measures the greenback against a basket of currencies, was reported slightly higher at 100.49. The dollar had also moved sharply in response to developments surrounding oil prices and the reports concerning the Strait of Hormuz. 

Richmond Fed Survey And Fed Speeches Remain On Tuesday Calendar 

The US economic calendar remained relatively light, with the market updates pointing to the Richmond Federal Reserve manufacturing survey as one of the scheduled indicators. 

Federal Reserve officials were also due to speak during the session, including New York Fed President John Williams, Richmond Fed President Thomas Barkin and Fed Vice Chair Philip Jefferson, according to the supplied market coverage. 

These scheduled events followed last week’s Federal Reserve decision to raise its key interest rate by 25 basis points, as stated in the supplied references. 

The market updates noted that Treasury yields had already been moving higher before that decision as the US economy dealt with rising debt, elevated oil prices and persistent inflation concerns. 

Tuesday’s opening therefore came with attention divided between equity markets, energy prices, Treasury yields, central-bank commentary and geopolitical developments. 

The Nasdaq Composite opened at 27,161.20 and reached a record 27,250.92 before standing at 27,229.26, up 0.40%. The S&P 500 gained 0.06%, while the Dow fell 0.12%. Oil, Treasury yields, AI stocks, Federal Reserve commentary and geopolitical developments remained key market variables during the opening session. 

Source 

• https://www.nasdaq.com/ 

• spglobal.com/spdji/en/indices/equity/sp-500/ 

• https://www.dowjones.com/ 

• https://www.spglobal.com/spdji/en/indices/equity/dow-jones-industrial-average/ 

• https://www.spglobal.com/spdji/en/indices/equity/sp-500/ 

• https://www.nasdaq.com/market-activity/index/comp 

• https://www.nasdaq.com/market-activity/quotes/nasdaq-ndx-index 

• https://www.spglobal.com/spdji/en/indices/equity/sp-100/ 

• https://www.lseg.com/en/ftse-russell/indices/russell-us 

• https://www.nyse.com/index 

• https://www.nyse.com/index 

• https://www.spglobal.com/spdji/en/indices/equity/dow-jones-transportation-average/ 

• https://www.spglobal.com/spdji/en/indices/equity/dow-jones-utility-average/ 

• https://www.spglobal.com/spdji/en/indices/equity/dow-jones-composite-average/ 

• https://www.nasdaq.com/market-activity/index/sox 

• https://www.cboe.com/tradable_products/vix/