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Informist, Tuesday, Sept. 23, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: US indices at record highs, tech stocks lead charge

 

MUMBAI--0730 IST--Benchmark equity indices in the US posted their third consecutive record closing highs Monday amid sharp gains in information technology stocks. Market participants await personal consumption expenditure price index numbers, due later in the week. This print is considered to be the US Federal Reserve's preferred gauge for inflation.

 

The technology-heavy Nasdaq Composite rose 0.7% as shares of chipmaker Nvidia rose 4?ter the company said it would invest $100 billion in OpenAI to support development of data centres. The new deal could signify that the artificial intelligence trade will continue to "drive earnings per share and share price growth into 2026 and beyond," Sam Stovall, chief investment strategist at CFRA Research, was quoted by CNBC as saying.

 

Shares of Oracle Corp. jumped over 6?ter the company Monday said it had promoted its president of cloud infrastructure, Clay Magouyrk and president of industries Mike Sicilia as co-chief executive officers. Shares of Apple were up over 4?ter brokerage Wedbush Securities raised its target price on the company on strong demand for the latest iPhone 17, according to a Reuters report. Shares of Tesla also rose 2%.

 

Shares of Kenvue Inc. fell 7.5% as traders awaited US President Donald Trump's comments on Tylenol, a painkiller used in the treatment of autism. However, shares of the company gained 4.7% in afterhours trading despite the US president saying the Food and Drug Administration would advise pregnant women against using acetaminophen, an active ingredient in Tylenol, a report by Reuters said.

 

Traders are monitoring the impact of the US raising H-1B fees for foreign workers that may affect US technology companies hiring overseas employees. In separate addresses Monday, newly appointed Fed Governor Stephen Miran argued for sharply lower rates while three other Fed officials said the central bank needed to remain cautious about inflation, according to Reuters.

 

Following are the closing levels of US indices Monday:

 

Index	Level	Change in %
S&P 500	6693.75	0.44
NASDAQ Composite	22788.98	0.7
Dow Jones Industrial Average	46381.54	0.14

 

(Eshitva Prakash)

 

End

 

US$1 = INR 88.31

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Nishant Maher

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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