Wall Street indices showed significant growth on September 22. Nasdaq Composite reached a record 27,122.09 points, rising 2.26% or 599.55 points. The S&P 500 closed at 7,764.70, up 1.49%, while the Dow Jones Industrial Average rose 0.71% to 52,048.83.
The rally was driven by the semiconductor and AI sectors. AMD shares grew by approximately 10%, pushing the company's market capitalization above $1 trillion for the first time. Meta Platforms stock surged over 11% following positive market reception of its latest AI product.
External factors contributed to the positive sentiment. Brent crude oil prices fell by 2-3.4% due to geopolitical developments and Saudi pipeline updates. Additionally, the 10-year Treasury yield dropped below 5%, settling in the 4.93-4.95% range.
Market participants are monitoring the S&P 500, which remains 0.4% below its August 13 record high. Investors are also tracking the Federal Reserve's policy, following the interest rate hike on September 16, and the ongoing fluctuations in Treasury yields.
