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22.09.202615:45:54UTC+00US Stocks Trade Mixed as Nasdaq Tests Record

US equity markets were mixed on Tuesday as a rebound in Treasury yields offset another powerful rally in artificial intelligence–related stocks. The S&P 500 and the Dow turned lower, while the tech-heavy Nasdaq 100 gained 0.5%, closing at a record high.

Borrowing costs climbed in afternoon trading after US President Trump delivered sharply escalatory remarks about Iran in his address to the UN, dampening expectations for a diplomatic breakthrough that could restore fuel exports from the Middle East. Higher yields weighed heavily on credit‑sensitive financials: major banks including JPMorgan, Wells Fargo, and Morgan Stanley each fell about 4%.

In contrast, AI momentum continued to support software developers and AI infrastructure names. The latest catalyst was the strong market reception for Meta’s new Muse AI agent. Meta’s shares have risen 13% over the past two sessions, while Micron advanced 3%. Sandisk also traded higher after receiving an analyst upgrade from Rosenblatt.

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