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Daily Wrap

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2026-09-22

Tech lifts Nasdaq to record as financials and energy drag

Stock Heatmap
Size = market cap (square-root scaled within sectors) · Color = day's change · Click a sector name to zoom, a tile to open the stock
Zoom into Information TechnologyInformation TechnologyNVDA+0.7%AAPL+0.2%MSFT-0.7%AVGO+0.5%MU+5.0%AMD+1.3%INTC+1.7%PLTR+1.0%CSCO-4.5%ORCL+0.4%AMAT+1.8%LRCX+2.9%DELL-4.6%PANW+0.8%CRWD+0.3%ANET-0.1%TXN+0.2%KLAC+2.4%MRVL+1.9%SNDK+6.8%SHOP+7.1%APH+2.6%IBM-0.2%ADI+1.9%CRM-1.3%QCOM+2.1%WDC+3.7%STX+4.8%NOWFTNTGLW+0.5%ACN-1.3%DDOG+1.0%LITE-0.9%SNPS+1.8%HPE-1.2%CDNSADBEINTUMSIMPWRKEYSMSTRCIENTELTERMCHPWDAYROPJBLZoom into Communication ServicesCommunication ServicesGOOGL-1.1%GOOG-1.0%META-0.6%NFLX-1.6%DIS-0.4%VZ-2.6%TMUS-1.7%TAPPCMCSALYVTTWOTKORDDTECHOFOXAFOXOMCNWSZoom into FinancialsFinancialsBRK.BJPMVMABACMSGSWFCCAXPZoom into IndustrialsIndustrialsSPCX+1.9%Zoom into Consumer DiscretionaryConsumer DiscretionaryAMZN-1.3%TSLA+1.0%HD+2.7%MCDTJXSBUXABNBMELIMARDASHZoom into Health CareHealth CareLLY+0.5%JNJ-0.1%ABBVMRKUNHTMOZoom into Consumer StaplesConsumer StaplesWMT+2.5%COSTKOZoom into EnergyEnergyXOM+0.3%CVXZoom into UtilitiesUtilitiesZoom into Real EstateReal EstateZoom into MaterialsMaterials
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Market Summary

Market & SentimentA split tape: the Nasdaq 100 rose 0.81% to an intraday record on tech strength and hopes for US-Iran talks, while the Dow fell 0.34% and the S&P 500 finished flat. Breadth stayed cold, with 249 decliners against 243 advancers and only 29.4% of stocks above their 50-day average; 26 new lows versus 13 highs. The Russell 2000 added 0.57%.

Sectors & StocksMaterials (+1.88%) and staples (+1.34%) led, while financials (-1.97%) and energy (-1.03%) lagged. Sandisk jumped 6.82% and Micron 5% on AI storage demand; Monolithic Power rose 8.06%. Royal Caribbean fell 6.14% on its $3 billion Sandals stake report, Charles Schwab dropped 6.11% on AI competition fears, and Dell lost 4.59% as its $1,199 Googlebook raised PC margin questions.

Rates, FX & CryptoThe 2-year yield slipped 5bp to 4.71%, trimming the 2s10s spread to 25bp, while the 10-year held at 4.96% and the 30-year at 5.29%. The dollar firmed, with EUR/USD down 0.23% to 1.1463 and USD/CNY up 0.07% to 6.7001, a slightly weaker yuan. Bitcoin eased 0.27% to $86,194 and ether fell 0.96% to $2,753.

Earnings & AnnouncementsAutoZone reported fiscal Q4 revenue of $6.59 billion and EPS of $56.05, sending shares up 6.1% on margin expansion. FinDog moved Target from Neutral to Bullish. Alibaba rose 5% on a new AI chip and larger model, Amgen reported a Phase 3 win for dazodalibep in Sjögren's disease, and Apple pitched new Macs as having no per-token AI cost.

What to Watch Next Trading Day
  • Cintas and Paychex earnings before the open
  • US-Iran talks at the UN
  • Oil reaction to Iranian airline shutdown
Top News
  1. Nasdaq hits intraday record on tech boost, Iran hopes
    The Nasdaq 100 touched an intraday record as tech rallied and investors weighed potential US-Iran negotiations, even as the Dow and S&P 500 lagged.
    Reuters09-22 16:27 UTC
  2. Oil rises as US warns Iranian airlines will shut down
    Crude gained after Treasury Secretary Bessent said all Iranian airlines would be shut down from Wednesday, escalating tensions that could pressure energy prices and shipping.
    CNBC09-22 04:22 UTC
  3. Iran offers to reopen Strait of Hormuz under conditions
    Iran said it would reopen the Strait of Hormuz if the US eases military pressure and lifts its blockade, a potential de-escalation for global oil flows.
    Reuters09-22 10:29 UTC
  4. Royal Caribbean nears $3 billion Sandals stake deal
    Royal Caribbean is close to a $3 billion deal for a 50% equity stake in Sandals, part of its push to diversify beyond cruises into broader vacation offerings.
    RCLCNBC09-22 19:33 UTC
  5. Schwab, JPMorgan slide on Vanguard-backed AI threat
    Charles Schwab led brokerage and bank stocks lower as AI-driven competition raised concerns about traditional financial services business models.
    SCHWJPMMSYahoo09-22 18:22 UTC
  6. Alibaba deepens AI push with new chip, bigger model
    Alibaba unveiled a new AI chip and a larger model, sending its shares up 5% and signaling intensifying competition in the global AI infrastructure race.
    Reuters09-22 02:50 UTC
  7. Amgen reports Phase 3 win with Sjögren's drug candidate
    Amgen's dazodalibep succeeded in the first of two late-stage trials for Sjögren's disease, a boost for a drug acquired in its Horizon Therapeutics buyout.
    AMGNYahoo09-22 18:31 UTC
  8. Apple pitches new Macs as no per-token AI cost
    Apple's hardware chief said new Macs let businesses run AI models without per-token cloud charges, taking aim at the economics behind the AI infrastructure boom.
    AAPLYahoo09-22 19:32 UTC
  9. AutoZone jumps on Q4 earnings beat
    AutoZone shares rose 6.1% after fiscal Q4 EPS beat expectations on margin expansion, with record store growth offsetting DIY weakness.
    AZOYahoo09-22 19:41 UTC

Stories are selected and summarized by AI from the day's news coverage. Click a headline to read the original. Not investment advice.

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