Stocks

On September 23, Eastern Time, McDonald's (MCD) shares came under renewed downward pressure, falling over 6% intraday to record their largest single-day decline since March 2020 and approaching a four-year low. The stock has fallen in 9 of the past 11 trading sessions. Investors are assessing the impact of a major franchisee support plan on the company's short-term cash flow, as well as whether the initiative can sustain long-term growth.

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.

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.