S. equities extended their winning streak to a third session Monday, with a fourth consecutive slide in crude oil relieving pressure on Treasury yields and clearing the runway for a semiconductor-led rally that lifted the Nasdaq 100 to a three-month high.
• Intel stock is charging ahead with explosive momentum. Why is INTC stock surging?
Treasury Secretary Scott Bessent wrapped up talks with Chinese Vice Premier He Lifeng in New York on Sunday, calling them “very successful” and floating an AI safety notification mechanism for President Donald Trump and President Xi Jinping to weigh at their Sept. 24 summit in Washington, alongside potential agreements on tariffs and critical minerals.
The bigger macro release valve was energy. 16 a barrel, an 11-day low, after satellite shipping data showed Saudi Aramco loading 14 million barrels onto seven large tankers through the Strait of Hormuz and Gulf Cooperation Council states pressed Tehran to lift its blockade on fuel tankers.
S. equity markets by midday Monday, gains were broad but heavily skewed toward technology, with 10 of 11 S&P 500 sectors higher and energy the sole decliner.
70. 5 percentage points below record highs.
7% on positive early responses to its Muse AI agent. Softer energy prices took the edge off inflation angst that has dominated the rates market in recent months.
75%. Traders are still pricing another 25-basis-point hike before year-end.
Chicago Fed President Austan Goolsbee said he remains open to inflation resuming its decline toward 2% but warned rates may need to rise if it does not, while Minneapolis Fed President Neel Kashkari said Sunday that inflation remains too high across the economy rather than being driven solely by oil. The dollar index pushed above 100 to an almost three-month high.
Bitcoin (CRYPTO: BTC) jumped 6% to $85,000 amid continued appetite for digital assets. S.
m. 3%.
6%. 3%.
6%. 4% gain, powered by Meta and a violent move in media names.
2% advance. 10%.
91%. S.
1% on cheaper jet fuel. 1%.
49 as reports that SK Hynix Inc. (NASDAQ:SKHY) could lease part of Intel’s future Ohio fab or form a memory joint venture there continued to build.
Tigress Financial lifted Intel’s price target to $145 from $118, flagging Terafab, stronger Xeon demand and 18A execution. 4%.
61, extending a September run built on the company’s AI-native cloud pivot, its Managed AI Agents launch and a $725 million financing facility earmarked for AI infrastructure. 47, with the memory-interface IP name appearing to trade as a high-beta proxy for the SK Hynix-Intel memory headlines rather than on anything company-specific.
28. The move builds on a cluster of recent analyst upgrades tied to edge AI inference, including a Bank of America upgrade to Buy with a $175 target and a DA Davidson target increase to $185.
Warner Bros. (NASDAQ:PSKY) climbed about 5% alongside it.
80, with the stock is giving back part of a roughly 28% weekly surge driven by partner Akeso’s data showing ivonescimab cut the risk of death 27% versus Keytruda in late-stage lung cancer. 1% drop in WTI.
3% and 3%, respectively. 86, unwinding part of the advance that followed record fourth-quarter results.
10 after a regulatory filing disclosed the company’s planning assumption that industry-wide PC unit volumes will decline roughly mid-single digits in percentage terms in calendar 2027 versus 2026. 6%.
(NASDAQ:COST) the marquee name Thursday afternoon. 25%Warner Bros.
91%Mohawk Industries, Inc.
