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The Dow Jones Industrial Average closed down 185.03 points, or 0.36%, at 51,863.80 on Tuesday, September 22. The S&P 500 closed up 0.14 points, or 0.00%, at 7,764.84 on Tuesday, September 22. The Nasdaq Composite closed up 122.18 points, or 0.45%, at

2026-09-23

The Dow Jones Industrial Average closed down 185.03 points, or 0.36%, at 51,863.80 on Tuesday, September 22. The S&P 500 closed up 0.14 points, or 0.00%, at 7,764.84 on Tuesday, September 22. The Nasdaq Composite closed up 122.18 points, or 0.45%, at 27,244.28 on Tuesday, September 22.

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2026-09-23

Galaxy Securities research: The Fed hiked 25bp to 3.75%–4.00% on Sept. 16, the first increase since July 2023, lifting the systemic center of the risk-free rate beyond the policy rate. Higher discount rates compress equity multiples, hitting long-dur

Galaxy Securities research: The Fed hiked 25bp to 3.75%–4.00% on Sept. 16, the first increase since July 2023, lifting the systemic center of the risk-free rate beyond the policy rate. Higher discount rates compress equity multiples, hitting long-duration, high-valuation growth names most. The AI narrative remains robust, but pricing is shifting from long-term visions to near-term delivery and earnings verification. On the first trading day after the hike, compute-related sectors—storage, CPUs, foundries and optical interconnect—generally outperformed, driven by strong current profits and short payback periods that make them less rate-sensitive. Divergence continues: compute hardware with validated cash flows and earnings (advanced process nodes, memory, optical interconnect, equipment and materials) are benefiting as downside is largely priced in, while names relevant on distant narratives without Earnings support are being de-rated. AI is entering a rational verification phase.
2026-09-22

Iranian Foreign Minister Araghchi said this year’s UN General Assembly theme, “Reviving Trust in the UN”, signals members acknowledge that little trust remains in the organization. He said the erosion of trust is regrettable and stems from the UN’s i

Iranian Foreign Minister Araghchi said this year’s UN General Assembly theme, “Reviving Trust in the UN”, signals members acknowledge that little trust remains in the organization. He said the erosion of trust is regrettable and stems from the UN’s ineffectiveness in maintaining international peace and security.
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