Wall Street ends sharply higher as AI optimism reignites, Treasury yields retreat

AWANI

Intel and Arm Holdings surged as chipmakers led a broad market rally. The Nasdaq jumped 2.26%, while the S&P 500 and Dow also closed higher amid falling Treasury yields and weaker oil prices.

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00:00The S&P 500 and Nasdaq ended sharply higher on Monday, September 21st, lifted by gains in advanced micro-devices

00:08and other AI heavyweights,

00:10while Treasury yields retreated from recent highs and crude prices tumbled to an 11-day low on speculation about a

00:18potential breakthrough in Middle East stocks at UN meeting this week.

00:24Cheap stocks rallied, with Intel and ARM holdings both surging.

00:28Advanced micro-devices AMD reached a market capitalization of $1 trillion for the first time.

01:16The S&P 500 gained in 114.20 points, or 1.49%.

01:22to end at 7,764.70 points, while the Nasdaq Composite gained 599.55 points, or 2.26% to

01:3327,122.09.

01:37The Dow Jones Industrial averaged rose 366.19 points, or 0.71%, to 52,048.83.

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