Friday, September 25, 2026

1. Pre-open outlook4:01 AM ET

   U.S. equities await the open as Treasury yields remain elevated and geopolitical headlines surface. The 10‑year Treasury was 5.11% on Wednesday, September 23, and CNBC noted that surging yields pose a new problem for the Fed and the economy. Costco touted membership metric progress, Darden showed slower Olive Garden growth, and Iran urged the U.S. to end the war as China emphasized diplomatic ties. Focus shifts to the PCE inflation report on September 30 and the non‑farm payrolls on October 2.

2. Midday check11:32 AM ET

   US stocks are up, with the S&P 500, Nasdaq 100 and Dow Jones as oil prices ease and Treasury yields slip. Trump and Xi met with AI executives, and Iran offered to reopen the Strait of Hormuz, adding geopolitical focus. A U.S. appeals court upheld the Pentagon’s designation of Anthropic as a supply‑chain risk, while airlines waive change fees ahead of a nor’easter. Investors now look to the PCE inflation report on Wednesday, Sept. 30.

3. Closing wrap4:32 PM ET

   U.S. stocks closed the week higher, with the S&P 500, Nasdaq 100 and Dow Jones locking in weekly gains despite a sharp rise in Treasury yields. Oil prices eased, helped by hopes Iran could reopen the Strait of Hormuz. Trump and Xi wrapped their state visit, with coverage focused more on spectacle than substance. Saudi Arabia crude exports hit their highest level since the Iran war began, even with a pipeline outage. Ahead: the Fed's preferred PCE inflation report is due Wednesday, September 30.

   Show the original generated text

   U.S. stocks ended the week in the green as the Dow, S&P 500 and Nasdaq 100 each locked in weekly gains despite surging Treasury yields. The market was shaped by the Trump‑Xi summit, which captured headlines for its spectacle focus, and by firm oil prices after Saudi Arabia posted its highest crude exports since the Iran war began. Airlines waived change fees ahead of a nor'easter and a bullish Meta breakout added modest support. All eyes now turn to the Fed’s preferred PCE inflation report on Wednesday, September 30.

AI-generated as the day ran, from the data of each moment; corrections keep the original one click away. Informational only — not investment advice.

Headlines of the day

1. 4:01 AM ETDow falls, S&P 500 and Nasdaq end flat as 10-year Treasury yield approaches 5.2% — MarketWatch
2. 4:01 AM ETSurging Treasury yields pose a brand new problem for Kevin Warsh and the Fed — CNBC Economy
3. 4:01 AM ETWhy investors aren’t buying Treasury's latest attempt to calm bond market — MarketWatch
4. 4:01 AM ETStocks bounce off lows, Treasury yields pull back on reports of U.S.-Iran talks — MarketWatch
5. 4:01 AM ETAs diesel prices surge, Tesla makes its big play for the trucking market — MarketWatch
6. 4:01 AM ETCostco makes progress on a key membership metric. Here's our new price target on the stock — CNBC Earnings
7. 4:31 AM ETU.S. Treasury yields tick higher as global bond rout slows — CNBC
8. 4:31 AM ETIran says it's up to U.S. to end war as China presses for de-escalation — CNBC
9. 4:31 AM ETHere's what happens to the economy when Treasury yields soar like they are now — CNBC Economy
10. 5:01 AM ETRussia could attack a NATO country within months, Danish intelligence warns — CNBC
11. 5:01 AM ETAkamai stock is rallying on a $12 billion cloud deal with Anthropic — MarketWatch
12. 5:32 AM ETMeta gets to consumer AI device market before OpenAI, but Zuckerberg's strategy remains unproven — CNBC
13. 6:01 AM ETAfter capital-markets day flop, Novo strikes licensing deal that sends a Swedish company’s stock soaring — MarketWatch
14. 7:02 AM ETWarsh's regime change at the Fed pushes ahead – and meets resistance — CNBC
15. 7:31 AM ETChina saw 'surprise' jump in U.S. orders ahead of Trump-Xi summit, private survey shows — CNBC Economy
16. 8:01 AM ETTrump and Xi dined with AI's biggest names. Here's what we know about tech talks so far — CNBC
17. 8:31 AM ETMicrosoft packages business AI in single app as it tries to compete with Anthropic — CNBC
18. 9:31 AM ETDetails on U.S.-China trade negotiations coming Monday, USTR Greer says — CNBC
19. 10:01 AM ETDow, S&P 500 and Nasdaq open higher as oil prices ease, Treasury yields slip — MarketWatch
20. 10:01 AM ETEconomic calendar: durable-goods and consumer-sentiment survey — MarketWatch
21. 12:01 PM ETTesla’s stock falls as launch of Semi truck fails to excite investors — MarketWatch
22. 12:31 PM ETApple’s expensive new iPhones could be a double-edged sword for the company — MarketWatch
23. 12:31 PM ETMicron investors should get ready for a seesaw ride, analyst says — MarketWatch
24. 3:31 PM ETDow up over 400 points in final hour as stocks rebound and oil prices pull back — MarketWatch
25. 3:31 PM ETMicrosoft gives Copilot a much-needed overhaul, and the stock deservedly soars — CNBC
26. 3:31 PM ETSaudi Arabia crude oil exports hit highest level since Iran war began despite pipeline outage — CNBC
27. 3:31 PM ETTrump, Xi wrap state visit centered on spectacle over substance. Here are the top takeaways — CNBC World
28. 3:31 PM ETMeta's 'powerful breakout' sets up a unique trading strategy, says Mike Khouw — CNBC
29. 4:32 PM ETDow, S&P 500 and Nasdaq lock in weekly gains despite surging Treasury yields — MarketWatch

The S&P 500, Nasdaq 100 and Dow Jones all finished the week higher, rebounding from a mid-week slide tied to surging Treasury yields — the 10-year hit 5.18% and the 30-year 5.47% on Thursday — and from oil prices that eased Friday on hopes for an Iran-linked reopening of the Strait of Hormuz. AI-related buying drove Monday's gains after AMD's milestone announcement and OpenAI's call for global standards, with Bitcoin's eight-month high boosting risk appetite. The Senate narrowly rejected a resolution to end the Iran war on Thursday, the same session Treasury yields pulled the indexes lower. Friday's rise was supported by easing oil, as Saudi crude exports peaked since the Iran war began, and by the conclusion of Trump's state visit with Xi, which shifted focus to the Fed-preferred PCE report due Wednesday, September 30. The next trading session is Monday, September 28.

AI-generated at that day's close, from the week's data to that point. Informational only — not investment advice.