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Nasdaq Hits Record High as Oil Prices Retreat Below $101

By Markets Desk · · Updated 2026-09-21 22:18 UTC
A flat vector illustration of a trading floor with rows of desks and monitors
Illustration: Tradingbird, based on a photo published by WRTV

Tech-led strength pushed the Nasdaq to a record high as oil prices retreated, with AMD and Meta posting massive gains and Bitcoin breaking above $87,000. Despite the rally, Morgan Stanley warns of potential volatility if energy costs rise or Treasury yields remain elevated.

  • According to yahoo.com, AMD surged nearly 10% to briefly touch a $1 trillion market cap, while Meta Platforms climbed more than 11% on strong AI app adoption. Bitcoin also crossed the $87,000 threshold for the first time since January, boosting gains for crypto-related names like Coinbase and Robinhood.

    Source: yahoo.com

  • Tech stocks led a broad market rally as Brent crude fell 3.4% and 10-year Treasury yields dropped to 4.95%. The S&P 500 closed within 0.4% of its all-time high.

    Source: WRTV
Based on reporting by WRTV and yahoo.com, compiled by the Tradingbird desk.

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