Overview

• The Dow fell 0.19% to 46,292, the S&P 500 lost 0.55% to 6,656, and the Nasdaq dropped 0.95% to 22,573 on Sept. 23.
• Nvidia said it will invest about US$100 billion in OpenAI, a headline that had propelled recent tech gains before the pullback.
• Oracle sank more than 4% after sharp prior advances tied to AI demand and a reported US$300 billion OpenAI contract.
• Goldman Sachs maintains a bullish year-end view, while Morgan Stanley warns that exuberance could unwind if aggressive Fed cuts do not materialize.
• U.S. stocks have surged more than 30% since April as investors price future easing, even as Fed guidance remains cautious and data-dependent.