📊 US STOCK MARKET UPDATE — September Begins With Mixed Moves


The new month started with a mixed Wall Street session as rising Treasury yields pressured major chipmakers.


🔻 Semiconductors Under Pressure
• $NVDA ↓ 1%+
• $AMD ↓ 1%+
• $MU ↓ 1%+
• $SMH ↓ 1%+


Higher Treasury yields are weighing on growth and tech stocks.


🛢️ Energy Stocks Rally
Oil prices moved higher amid continued Middle East tensions, pushing energy stocks up:
• $XLE ↑ 1%+
• $EOG ↑ 1%+
• $FANG ↑ 1%+
• $TRGP ↑ 1%+


🚀 Robinhood $HOODB +2%
Morgan Stanley upgraded HOOD to Overweight, pointing to stronger customer economics and continued expansion of its platform.


💊 Novartis +4%
Positive trial results for remibrutinib boosted the stock after the company reported significantly lower MS relapse rates.


📚 Duolingo +6%
$DUOL.US UOL jumped after Evercore ISI upgraded the stock to Outperform, citing strong survey data.


🔥 Market Takeaway:
Rising yields remain a key risk for tech, while higher oil prices are supporting energy stocks. Investors are watching whether this rotation continues throughout September.


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