Stock Market Today: Nasdaq, S&P Reverse Slightly Higher; Sandisk, Lumentum Lead This Tech Rally
The Nasdaq and S&P reversed slightly higher, driven by a technology sector rally led by Sandisk and Lumentum. The positive movement follows a post-Fed market bounce, though broader Wall Street trading remains tepid amid falling oil prices and rising Treasury yields. Meanwhile, the Dow recently dropped to its record worst week in six months, marking its third consecutive weekly decline, as inflation trepidation offsets ongoing artificial intelligence optimism. Netflix shares also experienced a sharp drop during the session.
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- ✓ The Nasdaq and S&P reversed slightly higher in a tech rally led by Sandisk and Lumentum.
- ✓ Stock futures were little changed following a post-Fed bounce.
- ✓ Wall Street faced a tepid open as oil prices fell and Treasury yields rose.
- ✓ The Dow marked its third-straight weekly decline.
What changed
The Nasdaq and S&P reversed slightly higher in a tech-led rally featuring Sandisk and Lumentum, following earlier tepid conditions.
Live updates
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Nasdaq and S&P Reverse Higher as Tech Rally Led by Sandisk and Lumentum
The Nasdaq and S&P reversed slightly higher, driven by a technology sector rally led by Sandisk and Lumentum. The positive movement follows a post-Fed market bounce, though broader Wall Street trading remains tepid amid falling oil prices and rising Treasury yields. Meanwhile, the Dow recently dropped to its record worst week in six months, marking its third consecutive weekly decline, as inflation trepidation offsets ongoing artificial intelligence optimism. Netflix shares also experienced a sharp drop during the session.
Why it matters
Market participants are weighing persistent inflation trepidation against the strong optimism surrounding artificial intelligence. The mixed performance reflects a tug-of-war between rising Treasury yields, falling oil prices, and recent Federal Reserve decisions. Upcoming diplomatic engagements, such as a planned meeting between Trump and Xi, remain on the horizon for investors tracking macroeconomic headwinds.
What is confirmed
- The Nasdaq and S&P reversed slightly higher in a tech rally led by Sandisk and Lumentum.
- Stock futures were little changed following a post-Fed bounce.
- Wall Street faced a tepid open as oil prices fell and Treasury yields rose.
- The Dow marked its third-straight weekly decline.
Still unconfirmed
- A Trump-Xi meeting is now up next for market watchers.
What to watch next
- The upcoming Trump-Xi meeting
- Further movements in Treasury yields and oil prices
- Additional developments in the ongoing tech sector rally
confidence 90%Sources used for this update (10)
- www.investors.com — Market Trend | Investor's Business Daily
- CNBC — Stock futures are little changed after Thursday's post-Fed bounce: Live updates
- WSJ — Stock Market Today: Dow Futures Steady, Tech Rally Continues— Live Updates
- Reuters — Wall St set for tepid open as oil prices fall, Treasury yields rise
- finance.yahoo.com — Dow Drops To Record Worst Week In Six Months Amid Elevated Yields, Oil — NVDA, TSLA, SPCX, ONON In Focus
- WSJ — U.S. Stocks Mixed as Inflation Trepidation Offsets AI Optimism
- Investor's Business Daily — Stock Market Mixed After Post-Fed Fightback, Netflix Dives; Trump-Xi Meeting Now Up Next
- barrons.com — Stock Market News From Sept. 18, 2026: Dow Marks Third-Straight Weekly Decline
- Investor's Business Daily — Stock Market Today: Nasdaq, S&P Reverse Slightly Higher; Sandisk, Lumentum Lead This Tech Rally
- finance.yahoo.com — Lumentum Holdings Inc. (1LITE.MI)
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