On the evening of September 30, the three major US stock indices fluctuated. As of 23:10, the Dow was up 0.05%, having turned negative multiple times earlier; the Nasdaq rose nearly 1%, and the S&P 500 gained 0.53%. The Philadelphia Semiconductor Index edged slightly lower, with semiconductor and memory chip stocks showing mixed performance. Intel rose more than 2%, while Western Digital and Micron Technology gained over 1%. Seagate Technology, Qualcomm, and TSMC posted slight gains. ARM fell nearly 3%, Marvell Technology dropped over 1%, while Advanced Micro Devices, ASML, and Broadcom declined.
The Nasdaq Golden Dragon China Index rose more than 1%, with most popular Chinese concept stocks advancing today. Meituan, Vipshop, and Li Auto gained over 2%, while New Oriental, Xunlei, XPeng Motors, NIO, and Bilibili each rose over 1%. JD.com and BYD Company climbed nearly 1%.
Among the "Magnificent Seven" tech giants, most advanced. Alphabet (GOOG), Apple (AAPL), and Amazon.com (AMZN) rose more than 2%, while Microsoft and NVIDIA gained over 1%. Meta and Tesla fell more than 1%.
Gold and silver both declined. Spot gold fell 0.54% to $4,159.24 per ounce, while spot silver dropped 1.78% to $60.36 per ounce. International oil prices rose today. WTI crude oil futures gained 2.71% to $91.8 per barrel, and Brent crude oil futures rose more than 3% to $99.06 per barrel.
With the rise in oil prices, the US 30-year Treasury yield climbed to 5.62%, hitting a new high since 2002 and rising 5 basis points during the day. The US 30-year Treasury yield has now risen for seven consecutive days. On the news front, the latest economic data showed that the US core personal consumption expenditures price index rose 0.2% month-over-month in August, versus an estimate of 0.3% and a previous reading of 0.2%. The core PCE price index rose 3.0% year-over-year in August, compared with an estimate of 3.3% and a prior reading of 3.3%. Additionally, US ADP employment for September came in at 90,000, compared with a previous reading of 38,000.