Weekly recap
SPY Week Ending Sep 25, 2026: AI Chips Outlast Yields
Week ending Friday, September 25, 2026. SPY gained 1.27%, on a Monday chip rally that rising yields then partly erased.
Watch the recapSep 22, 2026 - SPY Flat as Chips Rally, Banks Slide, Oil Falls and Cisco Sinks 5%
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Watch on YouTube ↗ (opens in a new tab)The recap in focus
SPY daily recap for Tuesday, September 22, 2026. SPY closed at 773.38, down 0.02%, inside the prior day's range and just under 6 points below its 52-week high of 779.37.
Key points
- 01Chip rally: Semiconductors rose about 2% as the AI trade carried into a second day. The Nasdaq closed at a record for a fourth straight gain.
- 02Banks slide: JPMorgan fell 3.4%, Wells Fargo 3.9%, Bank of America 3.0%. Financials dropped 1.98% to their lowest since July on AI disruption worries and a flattening yield curve.
- 03Oil falls: Brent fell 1% to $99.25, a fifth straight decline, after a three-hour US-Iran meeting at the UN.
- 04Cisco cut: Cisco fell about 5%, the Dow's biggest decliner, after Piper Sandler cut its price target to $125.
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Daily recap
Sept 24, 2026: 30-Year Yield Hits 2004 High, Hormuz Talks Pull Stocks Off Lows
SPY slipped 0.08% on Thursday, September 24, 2026. A bond rout pushed the 30-year Treasury yield to 5.46%, its highest since 2004, and stocks opened lower. A midday report of US-Iran talks on reopening the Strait of Hormuz pulled SPY back to finish nearly flat at 767.18.
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Daily recap
Sep 23, 2026 - SPY Slips as Yields Hit 2007 High, PMI Runs Hot, Fed Signals More Hikes
SPY daily recap for Wednesday, September 23, 2026. SPY closed at 767.81, down 0.72%, below the prior session's low but still above last week's high of 763.57 and about 1.5% under its 52-week high of 779.37.
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