Market Recap of the Week of Sep 13, 2026 - Sep 20, 2026

Overall Market Trends:

The market faced mixed results last week, with three of the four major indices finishing in the red. The New York Stock Exchange Composite (NYSE) fell 334 points (-1.37%), the S&P 500 slipped 9 points (-0.12%), and the Dow Jones Industrial Average posted a weekly loss of 907 points (-1.72%). The NASDAQ Composite was the sole winner, climbing 182 points (+0.69%). These results were largely influenced by volatility in the artificial intelligence sector, elevated oil prices and Treasury yields, and the Federal Reserve’s first interest rate hike in three years.

Stocks started the week off poorly as concerns regarding the future of artificial intelligence weighed on technology companies. Anthropic CEO Dario Amodei called for the industry to slow the development of its most advanced models due to potential safety risks. OpenAI CEO Sam Altman also stated that an initial public offering this year would be “ill-advised.” Nvidia (NASDAQ: NVDA) fell 3%, while Broadcom (NASDAQ: AVGO) and Advanced Micro Devices (NASDAQ: AMD) declined more than 4%. Intel (NASDAQ: INTC) and Marvell Technology (NASDAQ: MRVL) tumbled more than 5% and 7%, respectively. Oil prices also rose after Saudi Arabia shut down a key pipeline that bypasses the Strait of Hormuz, adding to concerns regarding energy supplies. Bank of America (NYSE: BAC) was another major laggard, falling 5% after CEO Brian Moynihan warned that third-quarter investment banking fees could decline more than 10% compared to the previous year.

The market continued to decline on Tuesday as investors prepared for the Federal Reserve’s upcoming interest rate decision. The 10-year Treasury yield briefly rose above 5%, reaching its highest level since 2007, as elevated oil prices and inflation concerns continued to place pressure on stocks. West Texas Intermediate crude climbed more than 4% to $105.83 per barrel, while Brent crude gained almost 3% to $108.75. However, some artificial intelligence-related companies rebounded following Monday’s sell-off. Coherent (NYSE: COHR) and Advanced Micro Devices rose roughly 2%, while Qualcomm (NASDAQ: QCOM) advanced more than 4%.

Stocks fell for a third consecutive day on Wednesday after the Federal Reserve raised interest rates for the first time in three years. The Fed unanimously increased its benchmark rate by a quarter percentage point to a range of 3.75% to 4% and signaled that another hike could occur before the end of the year. While the move was widely anticipated, Fed Chair Kevin Warsh’s comments regarding persistent inflation weighed heavily on sentiment. The 10-year Treasury yield climbed back above 5% following his remarks. Financial companies declined on concerns that higher rates could slow lending activity and economic growth. Bank of America and Wells Fargo (NYSE: WFC) fell nearly 3%, while American Express (NYSE: AXP) and Goldman Sachs (NYSE: GS) dropped almost 4%. Intel was a bright spot, rising 4% following a report that the company was in discussions with SK Hynix to manufacture semiconductors in the United States.

The market rebounded on Thursday as Treasury yields and oil prices retreated, providing some relief following Wednesday’s sharp losses. Technology companies led the rally, with Nvidia and Amazon (NASDAQ: AMZN) gaining more than 2% while Microsoft (NASDAQ: MSFT) rose 1.5%. Qualcomm and Intel advanced 2% and 7%, respectively. The 10-year Treasury yield fell below 5%, declining to roughly 4.93%. Oil prices also pulled back after Saudi Arabia reportedly decided to make more crude available to Asian refiners through transfers near Oman. West Texas Intermediate crude settled at $101.91 per barrel, while Brent crude fell to $104.82. Investors appeared relieved that the Federal Reserve had finally begun addressing persistent inflation, helping the market recover much of the previous session’s losses.

Stocks finished mixed on Friday as investors continued to navigate elevated Treasury yields and oil prices. The Dow declined slightly, while the S&P 500 and NASDAQ posted small gains. The 10-year Treasury yield briefly climbed back above 5%, weighing on the broader market. Oil prices declined during the session but remained above $100 per barrel, with West Texas Intermediate crude settling at $100.30 and Brent crude closing at $103.87. Technology stocks ultimately helped the NASDAQ finish the week in positive territory as investors continued buying into the artificial intelligence sector despite expectations that the Federal Reserve could raise rates again later this year.

Source: CNBC (Consumer News and Business Channel)

Past Earnings Report:

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Upcoming Important Economic Events:

Monday: Fed speech
Tuesday: Federal Reserve Bank of Richmond President Thomas Barkin speaks to the CFA Society Baltimore
Wednesday: US Flash Manufacturing PMI • US Flash Services PMI
Thursday: Weekly jobless claims • Economic Club of Washington, DC event with Federal Reserve Bank of Richmond President Thomas Barkin
Friday: University of Michigan Final Consumer Survey • Fed speech: New York Fed President John Williams • Fed speech: Cleveland Fed President Beth Hammack

Future Earnings Reports:

Market Recap (9/20/26)

This Week in Crypto