What are today's top business/market headlines?

Here's a roundup of the top business and market headlines heading into today (markets rallied strongly on Monday, Sept. 21, and Asian futures are pointed higher this morning):

Markets

•Wall Street had its best day in weeks Monday: a rally in technology giants sent stocks to their best day since early August, with the S&P 500 up 1.5% as oil prices sank on hopes for diplomatic efforts to end the war in Iran. The Nasdaq 100 rose 2.8%.

•Chipmakers surged as early signs of success for Meta Platforms' AI agent sparked enthusiasm about the industry, with the stock jumping 11% and Advanced Micro Devices topping $1 trillion in market cap.

•Bonds and commodities also moved: Brent crude settled around $100, Treasury 10-year yields fell below 5%, and Bitcoin surpassed $86,000.

•Looking ahead to today's session: Asian stocks were poised to climb after the tech-fueled rally on Wall Street and a drop in oil prices amid hopes for diplomatic progress in the Iran war, with futures for Hong Kong, South Korea and Australia pointed higher (Japan remained closed for a holiday). Contracts for US benchmarks were little changed after the S&P 500 and Nasdaq 100 posted their best days since early August.

Oil & Geopolitics

•Saudi Arabia expects to restore about half of its East-West pipeline capacity within days, and while that doesn't resolve the broader Middle East conflict, markets are removing some of the geopolitical risk premium built into crude prices.

•A major diplomatic moment is coming this week: Trump and Chinese President Xi Jinping are scheduled to hold a summit in Washington this week, with talks expected to cover tariffs, critical minerals and artificial intelligence, and Treasury Secretary Scott Bessent has already met with Chinese Vice Premier He Lifeng ahead of the visit.

Fed & Economy

•The market is still digesting last week's rate move: markets had a wild ride as the Federal Reserve raised interest rates last week for the first time in three years.

•Treasury yields remain elevated: the 1-year Treasury yield stood at 4.4%, with the 10-year having finished last week at 5.00%, underscoring stresses in U.S. debt assets after the FOMC meeting.

Corporate/Company News

•JPMorgan's Jamie Dimon backed Tata Group chair N. Chandrasekaran while warning that an internal rift could hit investment.

•Wendy's said a bankrupt franchisee lost brand rights to 314 stores.

•On the M&A/regulatory front, a Seeking Alpha news feed flagged that rail unions are raising concerns "over safety and cost concerns" tied to the roughly $85 billion Union Pacific–Norfolk Southern merger.

Bottom line: Sentiment has turned more risk-on after a rough patch tied to the Fed's rate hike and the Iran conflict — easing oil prices and renewed AI-driven enthusiasm (fueled by Meta's AI agent news and chip strength) are the main drivers, while all eyes are now on the Trump-Xi summit this week for trade and tech policy signals.

Citations (14)

1bloomberg.comNews and mediaquality 0.84
Stock Market Today: Dow, S&P Live Updates for September 21 - Bloomberg
Source excerpt: “A rally in technology giants sent stocks to their best day since early August, with the market also gaining as oil prices sank on hopes for diplomatic...”
2bloomberg.comNews and mediaquality 0.84
Stock Market Today: Dow, S&P Live Updates for September 21 - Bloomberg
Source excerpt: “Send a tip to our reporters · Site feedback: Take our Survey · By Rita Nazareth · September 20, 2026 at 3:14 PM MSTUpdated on · September 21, 2026 at ...”
3bloomberg.comNews and mediaquality 0.84
Stock Market Today: Dow, S&P Live Updates for September 21 - Bloomberg
Source excerpt: “The Nasdaq 100 rose 2.8%. ”
4bloomberg.comNews and mediaquality 0.84
Stock Market Today: Dow, S&P Live Updates for September 21 - Bloomberg
Source excerpt: “Chipmakers surged as early signs of success for Meta Platforms Inc.’s AI agent sparked enthusiasm about the industry. ”
5bloomberg.comNews and mediaquality 0.84
Stock Market Today: Dow, S&P Live Updates for September 21 - Bloomberg
Source excerpt: “The social-media firm jumped 11%. Advanced Micro Devices Inc. topped $1 trillion. ”
6bloomberg.comNews and mediaquality 0.84
Stock Market Today: Dow, S&P Live Updates for September 21 - Bloomberg
Source excerpt: “Brent crude settled around $100. Treasury 10-year yields fell below 5%. Bitcoin surpassed $86,000. ”
7bloomberg.comNews and mediaquality 0.84
Stock Market Today: Dow, S&P Live Updates for September 22 - Bloomberg
Source excerpt: “Asian stocks were poised to climb after a tech-fueled rally on Wall Street and a drop in oil prices amid hopes for diplomatic progress in the Iran war...”
8bloomberg.comNews and mediaquality 0.84
Stock Market Today: Dow, S&P Live Updates for September 22 - Bloomberg
Source excerpt: “Equity-index futures for Hong Kong, South Korea and Australia pointed higher, while Japanese markets remained closed for a holiday. ”
9bloomberg.comNews and mediaquality 0.84
Stock Market Today: Dow, S&P Live Updates for September 22 - Bloomberg
Source excerpt: “Contracts for US benchmarks were little changed after the S&P 500 and Nasdaq 100 posted their best days since early August. ”
10yahoo.comNews and mediaquality 0.69
Stock Market Today (Sept. 21, 2026): Nasdaq surges as oil prices retreat
Source excerpt: “Saudi Arabia expects to restore about half of its East-West pipeline capacity within days, while crude exports have recovered from August's lows....”
11yahoo.comNews and mediaquality 0.69
Stock Market Today (Sept. 21, 2026): Nasdaq surges as oil prices retreat
Source excerpt: “Trump and Chinese President Xi Jinping are scheduled to hold a summit meeting in Washington this week, with talks expected to cover issues including t...”
12yahoo.comNews and mediaquality 0.69
Stock Market Today (Sept. 21, 2026): Nasdaq surges as oil prices retreat
Source excerpt: “Markets had a wild ride as the Federal Reserve raised interest rates last week for the first time in three years. ”
13thestreet.comNews and mediaquality 0.82
Stock Market Today (Sept. 21, 2026): Nasdaq, S&P 500 surge on best day since early August - TheStreet
Source excerpt: “Josh Wein of @HennessyFunds breaks down why the S&P 500’s headline valuation may be misleading — and why he thinks investors are under- allocated to m...”
14bloomberg.comNews and mediaquality 0.84
Bloomberg - Business News, Stock Markets, Finance, Breaking & World News
Source excerpt: “Bloomberg Surveillance TV: September 21st, 2026 · SpaceLegalEnergyHealth · Dhiraj Singh/Bloomberg · Dimon Backs Chandrasekaran, Warns Tata Rift Could ...”