New York stock market rises on strength in technology stocks due to falling oil prices
Intel surged 9.31%, AMD 8.57%, Meta 6.67%
Trump suggests possibility of meeting with Iranian president at the UN
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Submitted September 21, 2026, 23:14
New York stock market rises on strength in technology stocks due to falling oil prices
Intel 9.31%·AMD 8.57%·Meta 6.67% surge
Trump suggests possibility of meeting with Iranian president at the UN
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(Seoul=Yonhap News) Reporter Yoon Jeong-won of Yonhap Infomax = The three major stock indices of the New York stock market rose due to strength in technology stocks, rising.
At 10:00 AM on the 21st (local time), the Dow Jones Industrial Average recorded 51,794.75, up 112.11 points (0.22%) compared to the previous session on the New York Stock Exchange. The S&P 500 index rose 56.63 points (0.74%) to 7,707.13, and the Nasdaq Composite index rose 330.80 points (1.25%) to 26,853.35 compared to the previous session.
The conflict between Saudi Arabia and the Yemen Houthi rebels continued to intensify over the weekend, and tensions in the Middle East persist, but oil prices fell, which improved investor sentiment.
The fact that US President Donald Trump expressed a willingness to meet with Iranian President Masoud Pezeshkian at the UN General Assembly in New York this week fueled expectations of a de-escalation of Middle East conflicts.
President Trump is scheduled to speak at the UN General Assembly on the 22nd, and President Pezeshkian is scheduled to speak on the 23rd.
Along with falling oil prices and falling US Treasury yields, strength appeared in the technology sector.
Intel rose by 9.31% and AMD by 8.57%.
Meta also rose by 6.67%, and Micron and Mobile Technology also rose by 2.80% and 2.34%, respectively.
Joffrey's Mohit Kumar economist said, "We are passing the short-term peak of tensions in the Middle East and expect some movement towards normalization in the coming weeks," and "The first two weeks of October could be a good time for some kind of compromise to be reached between the United States and Iran."
Looking by industry, technology and communications showed strength, while energy and utilities showed weakness.
Bitcoin prices recovered the $80,000 level, and the strategies and Coinbase stocks rose by 7.98% and 5%, respectively.
Stock prices of related US-listed companies also rose as news emerged that Denmark and the US reached an agreement on Greenland security after months of negotiations. Greenland Mines and Greenland Energy surged by 149.82% and 129.40%, respectively.
Accenture's stock price jumped by 3.23% following news that it has entered into a $2 billion partnership for AI security assessments with Anthropic.
The European stock market also showed an upward trend.
The Euro Stoxx 50 index is trading at 6,299.21, up 1.01% compared to the previous session. The UK FTSE100 index and the French CAC40 index rose by 0.72% and 0.75%, respectively. The German DAX index rose by 0.93%.
International oil prices fell.
The West Texas Intermediate (WTI) crude oil price for October 2026, the same month futures, is currently at $96.34 per barrel, down 3.95% compared to the previous session.
jwyoon2@yna.co.kr
Source: KakaoTalk okjebo <Copyright (c) Yonhap News, Unauthorized reproduction-redistribution, AI learning and use prohibited> September 21, 2026, 23:14
Facts Only
* The Dow Jones Industrial Average recorded 51,794.75, up 112.11 points (0.22%).
* The S&P 500 index rose 56.63 points (0.74%) to 7,707.13.
* The Nasdaq Composite index rose 330.80 points (1.25%) to 26,853.35.
* Intel rose by 9.31%.
* AMD rose by 8.57%.
* Meta rose by 6.67%.
* Micron rose by 2.80%.
* Mobile Technology rose by 2.34%.
* The West Texas Intermediate (WTI) crude oil price for October 2026 is $96.34 per barrel, a decrease of 3.95% from the previous session.
* The Euro Stoxx 50 index was up 1.01% to 6,299.21.
* Related US-listed companies for Greenland Mines and Greenland Energy surged by 149.82% and 129.40%, respectively.
Executive Summary
Full Take
The narrative presented juxtaposes macroeconomic indicators—falling oil prices and Treasury yields—with specific sector performance driven by technology, suggesting a correlation between energy costs and tech investment sentiment. The expectation of de-escalation in the Middle East, prompted by political dialogue suggestions, appears to have contributed to this positive risk environment. This sets up a tension between geopolitical instability and economic recovery drivers.
The pattern observed is the rapid flight to growth assets (technology) when geopolitical uncertainty is present, which is then partially mitigated by commodity price drops. The market's focus shifted sharply towards sectors perceived as resilient or poised for future structural shifts, exemplified by the significant gains in semiconductor and AI-adjacent firms. Furthermore, unrelated news about bilateral security agreements (Greenland) simultaneously injected further positive momentum, indicating that specific, concrete political resolutions can create localized, tangible market spikes independent of broader geopolitical flows. This suggests that market behavior is sensitive to both macro risk framing and discrete policy outcomes.
The deeper implication involves the flow of capital based on perceived future stability versus immediate material costs. When long-term risks (like Middle East conflict) are framed as potentially resolvable through dialogue, investors may reallocate capital towards high-growth sectors like technology, viewing them as better hedges against systemic uncertainty than energy-dependent assets. The system rewards momentum in innovation while attempting to price in a degree of stability from political actors, revealing a complex interplay where seemingly disparate events converge into measurable shifts in asset valuation.
Bridge Questions: If geopolitical de-escalation proves illusory, what immediate risk factors could cause the technology sector rally to reverse? How does the market weigh potential future consensus versus current immediate conflict severity when assessing long-term stability? What role do non-conventional political agreements, like those concerning Greenland, play in setting the baseline for global investor risk assessment?