Stocks

On September 23, Eastern Time, the U.S. Treasury market remained under pressure as the 10-year Treasury yield rose to 5.093%, hitting its highest level since July 17, 2007. Federal Reserve officials delivered a series of hawkish signals, while the latest services and manufacturing data further heightened market concerns over additional interest rate hikes.

Amgen rebounds to $410.24 as dazodalibep and IMDELLTRA strengthen the pipeline while $418.73 becomes the next technical test.

Michael Burry recently posted on Substack stating that he has increased his short positions on Micron Technology (MU), Nebius (NBIS), the iShares Semiconductor ETF (SOXX), and Palantir (PLTR), describing the bet as "fairly large." His core rationale for being bearish on Micron is that the current memory shortage is primarily caused by capacity reallocation; once the supply of standard DRAM recovers, prices could come under pressure.

Seagate closes at $919.84 as AI-driven data-center demand, record margins and Mozaic 4+ adoption put $935.64 resistance in focus.

Meta's stock price pulled back twice after pushing toward $750. Has the bullish rally come to an end?

Micron has held firmly above the $1,000 mark, with Citi expecting the stock to challenge all-time highs and raising its price target to $1,300.