Bitget UEX Daily Report | Nasdaq Hits All-Time High; Meta Soars 11.34%; Bitcoin Surpasses $86,000 (September 22, 2026)

Market Scope: Precious metals, crude oil, US dollar, and cryptocurrencies are based on the morning web quotes from September 22; cryptocurrency data is as of around 09:02 Beijing time. US stocks are based on closing data from the regular trading session on September 21.

I. Selected Hot News

Federal Reserve Dynamics

Officials continue to signal a hawkish stance, further rate hikes are still under discussion

• St. Louis Fed President James Bullard stated that the Federal Reserve may still need to raise interest rates further to curb persistent inflation and advocates for gradual tightening to avoid more drastic policy actions in the future.
• The Federal Reserve raised interest rates by 25 basis points on September 16, increasing the target range for the federal funds rate to 3.75% - 4.00%; the latest rate forecast indicates that another rate hike may occur within 2026.
• There is still a significant divergence in the interest rate market regarding whether to continue raising rates at the next meeting. With fewer US economic data points on September 22, the market will focus on the speech by Richmond Fed President Thomas Barkin.

Market Impact: The decline in oil prices and the drop in long-term US Treasury yields have temporarily alleviated valuation pressures, but Fed officials have not yet signaled a policy shift. Whether tech stocks and crypto assets can continue their rebound still depends on whether inflation, energy prices, and US Treasury yields continue to cool.

International Commodities

Crude oil retreats from risk premium as diplomatic expectations and Saudi export recovery pressure prices

• Saudi Arabia has increased crude oil loading through Gulf ports, partially alleviating supply concerns caused by previous pipeline attacks.
• US President Donald Trump expressed willingness to meet with Iranian President Ebrahim Raisi during the United Nations General Assembly, leading the market to reassess the likelihood of further disruptions to energy supplies in the Middle East.
• The settlement price of Brent crude oil on September 21 fell to about $100.34, trading around $100.41 on the morning of September 22; WTI crude oil futures are about $92.32.

Market Impact: The decline in oil prices from recent highs helps reduce inflation and long-term interest rate pressures and supports growth stocks. However, the security risks to Middle Eastern transport routes and energy facilities remain, and the geopolitical premium on oil prices has not completely disappeared.

International Macroeconomic Policy

China and the US plan to establish an AI safety incident communication mechanism; trade truce arrangements are still under negotiation

• US Treasury Secretary Janet Yellen stated that China and the US have agreed to establish formal dialogue on AI safety and explore setting up a communication mechanism for significant AI safety incidents.
• Both sides plan to hold relevant talks in Shenzhen about two months later to discuss issues such as uncontrolled intelligent agents, non-state cyber behavior, and developer responsibilities.
• The current truce arrangement on tariffs between China and the US is set to expire on November 10, and no agreement has been reached on an extension. The upcoming meeting between the Chinese and US leaders this week will continue to discuss trade, AI, and the situation in the Middle East.

Market Impact: The AI safety communication mechanism is beneficial for reducing the risk of policy misjudgment, but whether the trade truce can be extended remains an important variable for technology, semiconductors, and cross-border supply chains.

II. Market Review

Commodity and Forex Performance

• Spot Gold: Approximately $4,359.88 per ounce.
• Silver Futures: Approximately $67.17 per ounce.
• WTI Crude Oil Futures: Approximately $92.32 per barrel, November 2026 contract.
• Brent Crude Oil Futures: Approximately $100.41 per barrel, November 2026 contract.
• US Dollar Index (DXY): Approximately 100.15.
• US 10-Year Treasury Yield: Approximately 4.95%.

Driving Analysis: The retreat in crude oil prices and the drop in US 10-year Treasury yields below 5% have alleviated market concerns about energy-driven inflation. Gold is supported by geopolitical factors, central bank purchases, and concerns about fiscal sustainability, but a stronger dollar and expectations of further rate hikes still pose resistance.

Cryptocurrency Performance

• BTC: Approximately 86,428 USDT, up about 5.94% in 24 hours.
• ETH: Approximately 2,768 USDT, up about 4.53% in 24 hours.
• Total Cryptocurrency Market Cap: Approximately $2.97 trillion.
• 24-Hour Trading Volume Reference: BTC approximately $2.687 billion, ETH approximately $1.195 billion.

Volume and Large Buyer Observation: Both BTC and ETH prices have risen significantly, with BTC breaking through $86,000 and maintaining relative strength. Strategy recently disclosed that it purchased 950 BTC between September 14 and 20, spending about $75.7 million, with an average purchase price of about $79,670; total holdings increased to 846,000 BTC. BitMine purchased 27,562 ETH during the same period, increasing total holdings to 5,983,940 ETH. The above data is from the latest week and does not reflect real-time new purchases on September 22.

Driving Analysis: Inflows into spot ETFs, short covering, improvements in the US regulatory environment, and a rebound in risk appetite have collectively driven the cryptocurrency market upward. Continuous allocation of corporate funds into BTC and ETH provides structural demand for the market, but the risks of leveraged accumulation and profit-taking after rapid increases are also worth noting.

US Stock Index Performance

• Dow Jones Industrial Average: Closed at 52,048.83 points, up 0.71%.
• S&P 500 Index: Closed at 7,764.70 points, up 1.49%.
• NASDAQ Composite Index: Closed at 27,122.09 points, up 2.26%, setting a new historical closing high.

Tech Giants Dynamics

• NVDA: $227.38, up 2.28%.
• AAPL: $338.98, up 0.90%.
• MSFT: $501.61, up 1.58%.
• GOOGL: $354.97, up 1.55%.
• AMZN: $258.45, up 1.86%.
• META: $741.25, up 11.34%.
• TSLA: $375.30, up 3.01%.

Performance Summary and Driving Analysis: All seven major tech stocks rose. Meta led the gains following optimistic expectations related to the Muse AI assistant and Wells Fargo's price target increase; Nvidia, Amazon, Microsoft, and other large tech stocks also strengthened. The decline in oil prices and US Treasury yields has eased valuation pressures, leading to a reallocation of funds into AI and growth assets.

Sector Movement Observation

Semiconductors: AI inference demand drives collective rise in CPU and chip stocks

• Representative Stocks: AMD up 9.95%, Intel up 12.06%, Arm up 17.12%.
• Driving Factors: The market is reassessing the demand for inference computing power and server CPUs brought about by AI agents. AMD closed at $615.52, with a market cap surpassing $1 trillion for the first time; the Philadelphia Semiconductor Index rose about 4.3%.

Crypto Concept Stocks: BTC breaking through $86,000 boosts related stocks

• Representative Stocks: Strategy up 9.40%, Coinbase up 3.50%.
• Driving Factors: The rise in BTC, ETF inflows, and corporate buybacks improved market sentiment. Strategy continued to increase its holdings by 950 BTC in the latest week, reinforcing its Bitcoin asset exposure.

Communication Services and AI Applications: Meta becomes the core leader among large tech stocks

• Representative Stocks: Meta up 11.34%.
• Driving Factors: The market is focused on the user adoption and commercialization potential of the Muse AI assistant, with Wells Fargo's price target increase further amplifying fund inflows.

III. In-Depth Analysis of US Stocks

1. AMD (AMD) ------ Market cap surpasses $1 trillion for the first time, AI system capabilities become the core of valuation

Event Overview: AMD rose 9.95% on September 21, closing at $615.52, with its market cap surpassing $1 trillion for the first time. Market expectations for AI server CPUs, accelerators, and complete computing systems have significantly increased.
Market Interpretation: Investors are reassessing AMD's potential to transition from a single-chip supplier to a comprehensive AI computing platform provider. Growth in server CPU market share and expansion of AI infrastructure spending are major supports, but current valuations already reflect high growth expectations.
Investment Insights: Future focus should be on data center revenue, AI accelerator shipments, server CPU market share, and gross margin performance. After a rapid increase in stock price, order visibility and profit realization will be more important than industry narratives.

2. Meta (META) ------ Single-day increase of 11.34%, commercialization expectations for Muse significantly rise

Event Overview: Meta rose 11.34%, closing at $741.25. Wells Fargo raised its price target following the launch of the Muse AI assistant, leading to heightened market expectations for product adoption and commercialization potential.
Market Interpretation: Muse provides Meta with an entry point for AI services beyond advertising, but sustained usage rates, task execution reliability, permission management, and paid conversion will still determine its long-term value. The significant single-day increase indicates that the market has already factored in more optimistic commercialization expectations.
Investment Insights: Key metrics to track include active users, retention rates, subscription or transaction revenue, inference costs, and the integration progress of Muse with existing platforms like WhatsApp.

3. Strategy (MSTR) ------ Continues to increase BTC holdings, stock price rises 9.40% alongside Bitcoin

Event Overview: Strategy rose 9.40%, closing at $168.50. The company disclosed that it purchased 950 BTC for approximately $75.7 million between September 14 and 20, with an average purchase price of about $79,670, bringing total holdings to 846,000 BTC.
Market Interpretation: After BTC broke through $86,000, the value of Strategy's assets and market sentiment improved simultaneously. However, its stock price depends not only on BTC direction but also on financing costs, capital structure, and changes in the stock's relative net asset premium compared to Bitcoin.
Investment Insights: In addition to BTC prices, attention should continue to be paid to the company's financing tools, subsequent buying pace, debt and preferred stock costs, and the premium level of the stock relative to its net asset value.

IV. Market and Project Dynamics

1. The US Securities and Exchange Commission has launched an "Innovation Exemption," allowing eligible platforms to conduct tokenized US stock trading in a limited form for five years and providing partial registration exemptions for related liquidity providers.
2. Strategy disclosed that it bought 950 BTC in the latest week, bringing total holdings to 846,000, with a cumulative purchase cost of about $63.8 billion and an average cost of about $75,416.
3. BitMine disclosed that it bought 27,562 ETH in the latest week, bringing total holdings to 5,983,940, accounting for about 4.9% of ETH supply; approximately 5.067 million ETH have been used for staking.
4. China and the US have agreed to advance formal dialogue on AI safety and explore establishing a communication mechanism for significant AI incidents; the next round of relevant talks is planned to be held in Shenzhen in about two months.
5. Paramount Skydance has reportedly reached a settlement with California and others regarding the antitrust lawsuit faced in acquiring Warner Bros. Discovery, clearing some legal obstacles for the transaction.

V. Today's Market Calendar

Data and Event Arrangements

The following are all in Beijing time (UTC+8), and the attention level is assessed by the editor for this issue.
Time
Country/Region
Event
Market Attention Level

|-------------|----|--------------------|------| | September 22 21:30 | United States | Opening of regular trading session for US stocks | ⭐⭐⭐ | | September 23 01:00 | United States | Speech by Richmond Fed President Barkin | ⭐⭐⭐⭐ | | September 23 21:45 | United States | Preliminary value of September S&P Global Manufacturing and Services PMI | ⭐⭐⭐⭐ | | September 24 20:30 | United States | Initial jobless claims for the week ending September 19 | ⭐⭐⭐ | | September 24 22:00 | United States | New home sales for August | ⭐⭐⭐ |

Key Event Outlook

• Speech by Federal Reserve Officials: Focus on how Barkin evaluates oil prices, inflation persistence, and the policy path after the September rate hike.
• US PMI Preliminary Value: Manufacturing and services data will help assess whether economic demand can withstand higher interest rates.
• US-China Presidential Meeting: Expected to involve trade truce, artificial intelligence, the Middle East situation, and key supply chains; related statements may impact technology stocks, semiconductors, and commodities.
• US Employment and Housing Data: Initial jobless claims and new home sales will provide the latest signals for the labor market and interest rate-sensitive sectors.

Institutional Views

Art Hogan, Chief Market Strategist at B. Riley Wealth, believes that the decline in oil prices and US 10-year Treasury yields has shifted these two indicators from market resistance to support at least in the short term. St. Louis Fed President Bullard stated that inflation remains significantly above target, and a gradual further rate hike may help avoid more drastic tightening measures in the future. The core market divergence lies in whether the easing of energy pressures can be sustained and whether economic demand is still strong enough to require more policy tightening.

Disclaimer: This article is for market information exchange only and does not constitute any investment advice. Market conditions change, please refer to actual trading quotes at the time of transaction.