Market

September 21, U.S. stocks opened on a positive note as easing rate fears and upbeat tech sentiment pushed the Dow Jones 0.62% higher to 52,003.41, the S&P 500 up 0.59% to 7,695.76 and the Nasdaq ahead 0.78% to 26,728.53. Futures gains carried through to the cash session, with investors focusing on a rebound in growth names and ongoing strength in semiconductors.

Gainers led at the open: Intel soars 9.72% after an upbeat AI-chip sales outlook; Advanced Micro Devices climbs 4.75% on fresh GPU design wins; Meta Platforms, Inc. adds 3.77% as mixed-reality hardware pre-orders impress; Coinbase Global, Inc. rallies 5.90% alongside another bitcoin spike; Tesla Motors advances 2.80% as EV delivery data tops estimates; Micron Technology rises 2.87% as memory-chip prices firm. On the downside, Direxion Daily Semiconductors Bear 3x Shares falls 7.09% as short bets unwind, Novo-Nordisk A/S slips 5.64% after rival weight-loss drug data, and ZTO Express Inc. drops 6.14% on soft parcel volume guidance.

Elsewhere, T-Rex 2X Long MSTR Daily Target ETF spikes 15.87% tracking crypto-related momentum, ProShares UltraPro QQQ gains 3.30% on tech strength, VNET Group climbs 3.83% amid cloud-services deal chatter, RLX Technology pops 3.27% on China policy easing, while Li Auto retreats 4.61% and XPeng Inc. slides 3.15% as investors rotate out of Chinese EV names.

News

Intel raises third-quarter revenue outlook, shares surge. Management cited stronger-than-expected demand for its new AI accelerators and improving PC market trends, boosting confidence in a full-year rebound.

Advanced Micro Devices secures major cloud-GPU win, stock rallies. A top hyperscale customer agreed to deploy AMD’s Instinct MI300 chips in new data centers, reinforcing the company’s position against NVIDIA.

Meta Platforms, Inc. reports record Quest 4 pre-orders, lifts hardware outlook. Early demand for the mixed-reality headset supports management’s metaverse investment strategy and fuels a near 4% opening pop.

Coinbase Global, Inc. gains as bitcoin tops $70,000. Higher trading volumes and renewed institutional interest brighten earnings prospects for the largest U.S. crypto exchange.

Tesla Motors beats September delivery expectations. The EV leader shipped 445,000 vehicles in the quarter, calming concerns over demand and margins.

Micron Technology signals memory-chip turnaround. Executives highlighted improving pricing and tight supply in DRAM and NAND, sending the semiconductor up nearly 3%.

Novo-Nordisk A/S slips after competitor unveils positive obesity-drug data. Investors fear potential market-share pressure despite Novo’s strong Wegovy franchise.

Li Auto issues cautious fourth-quarter outlook, shares retreat. Management warned that supply-chain constraints could limit production growth, triggering a 4% sell-off.

ZTO Express Inc. cuts parcel volume forecast. The logistics firm cited intensified price competition in China’s delivery market, pushing the ADR down over 6%.

Federal Reserve officials reiterate data-dependent stance. Comments hint at a possible pause in rate hikes, supporting broader market risk appetite at the start of the session.