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U.S. stocks closed sharply higher on Monday, led by a tech rally, while investors breathed a sigh of relief as Treasury yields slid from their recent highs and oil prices dropped to an 11-day low. All three major indexes ended in positive territory, with Nasdaq closing at a record high.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) rose 0.7%, or 366.19 points, to end at 52,048.83 points.
The S&P 500 gained 1.5% to close at 7,764.70 points. Communication services and tech stocks were the biggest gainers.
The Information Technology Select Sector SPDR (XLK) gained 2.8%. The Communication Services Select Sector SPDR (XLC) added 3.6%. Seven of the 11 sectors of the benchmark index ended in positive territory.
The tech-heavy Nasdaq jumped 2.3% to finish at 27,122.09 points.
The fear gauge, the CBOE Volatility Index (VIX), was up 0.41% to 14.87. Advancers outnumbered decliners on the S&P 500 by a 1.4-to-1 ratio. A total of 16.5 billion shares were traded on Monday, higher than the last 20-session average of 16.2 billion.
On the Nasdaq, there were 64 new 52-week highs and 127 new lows. On the S&P 500, there were seven new 52-week highs and 24 new lows.
Tech Stocks Rally, Treasury Yields Fall
Wall Street opened the week on a high, with AI-related chip stocks driving the broader market rally on Monday. The rally was led by a 12% surge in Intel Corporation’s ((INTC - Free Report) ) stock.
The tech rally helped the Nasdaq register its first record close since June 2, while the S&P 500 closed just 0.4% lower than its August 13 all-time high close.
Monday’s moves follow a volatile week that saw the Federal Reserve hike interest rates by a quarter percentage point for the first time in over three years. Investors scrambled for direction as the Treasury yields surged to record highs and oil prices continued to escalate.
However, bond yields fell on Monday. The 10-year Treasury yield dropped below the 5% level after days. Monday’s gains were also partially boosted by a sharp drop in crude prices. U.S. crude prices fell 4,5% on Monday to settle at $95.78 per barrel.
Oil prices had topped $100 per barrel last week amid escalating tensions in the Middle East.
Middle East Crisis Continues
The U.S.-Iran conflict grew over the weekend. Iran-backed Houthis claimed that they carried out missile and drone attacks on Saudi Arabia over the weekend.
Meanwhile, the United States warned its citizens to avoid traveling to the Middle East as both the warring nations threatened to resume attacks. However, Trump hinted at initiating talks with Iran’s president during this week’s UN General Assembly.
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Image: Bigstock
Stock Market News for Sep 22, 2026
U.S. stocks closed sharply higher on Monday, led by a tech rally, while investors breathed a sigh of relief as Treasury yields slid from their recent highs and oil prices dropped to an 11-day low. All three major indexes ended in positive territory, with Nasdaq closing at a record high.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) rose 0.7%, or 366.19 points, to end at 52,048.83 points.
The S&P 500 gained 1.5% to close at 7,764.70 points. Communication services and tech stocks were the biggest gainers.
The Information Technology Select Sector SPDR (XLK) gained 2.8%. The Communication Services Select Sector SPDR (XLC) added 3.6%. Seven of the 11 sectors of the benchmark index ended in positive territory.
The tech-heavy Nasdaq jumped 2.3% to finish at 27,122.09 points.
The fear gauge, the CBOE Volatility Index (VIX), was up 0.41% to 14.87. Advancers outnumbered decliners on the S&P 500 by a 1.4-to-1 ratio. A total of 16.5 billion shares were traded on Monday, higher than the last 20-session average of 16.2 billion.
On the Nasdaq, there were 64 new 52-week highs and 127 new lows. On the S&P 500, there were seven new 52-week highs and 24 new lows.
Tech Stocks Rally, Treasury Yields Fall
Wall Street opened the week on a high, with AI-related chip stocks driving the broader market rally on Monday. The rally was led by a 12% surge in Intel Corporation’s ((INTC - Free Report) ) stock.
Also, shares of Advanced Micro Devices, Inc. ((AMD - Free Report) ) jumped 10%, with the chipmaker’s market cap hitting $1 trillion. Advanced Micro Devices has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
The tech rally helped the Nasdaq register its first record close since June 2, while the S&P 500 closed just 0.4% lower than its August 13 all-time high close.
Monday’s moves follow a volatile week that saw the Federal Reserve hike interest rates by a quarter percentage point for the first time in over three years. Investors scrambled for direction as the Treasury yields surged to record highs and oil prices continued to escalate.
However, bond yields fell on Monday. The 10-year Treasury yield dropped below the 5% level after days. Monday’s gains were also partially boosted by a sharp drop in crude prices. U.S. crude prices fell 4,5% on Monday to settle at $95.78 per barrel.
Oil prices had topped $100 per barrel last week amid escalating tensions in the Middle East.
Middle East Crisis Continues
The U.S.-Iran conflict grew over the weekend. Iran-backed Houthis claimed that they carried out missile and drone attacks on Saudi Arabia over the weekend.
Meanwhile, the United States warned its citizens to avoid traveling to the Middle East as both the warring nations threatened to resume attacks. However, Trump hinted at initiating talks with Iran’s president during this week’s UN General Assembly.
No major economic data was released on Monday.