Nasdaq surges more than 2% Monday to record high

NEW YORK, New York - Tech stocks surged on Monday with a renewed rush for AI stocks, sending the Nasdaq Composite to a record close. Oil prices fell on prospects of a deal between the U.S. and Iran following President Trump's indication that he may meet with Iranian PresidentMasoud Pezeshkian at this week's United Nations General Assembly in New York. The NASDAQ Composite was the standout performer, closing at 27,122.09, up 599.55 points or 2.26 percent, a record high. The index traded between 26,707.42 and 27,183.93 on the day, against a 52-week range of 20,690.25 to 27,190.21. The Standard and Poor's 500 rose to 7,764.70, gaining 114.20 points or 1.49 percent on volume of 3.267B. It moved between 7,691.19 and 7,779.22, within a yearly range of 6,316.91 to 7,816.70. The Dow Jones Industrial Average closed at 52,048.83, up 366.19 points or 0.71 percent on volume of 443.039M. The blue-chip index traded between 51,747.68 and 52,128.58, against a 52-week range of 45,057.28 to 54,744.33. The NYSE Composite Index finished at 24,086.66, up 87.91 points or 0.37 percent, with a session range of 23,998.76 to 24,144.64 and a yearly range of 20,906.44 to 24,866.75. The Russell 2000 Index of smaller companies rose to 2,875.36, up 14.96 points or 0.52 percent, after trading between 2,860.40 and 2,883.46. Its 52-week range is 2,303.46 to 3,069.71. The CBOE Volatility Index edged up to 14.87, a gain of 0.06 points or 0.41 percent, with a session range of 14.60 to 15.13 and a yearly range of 13.38 to 35.30. One notable decliner was the NYSE American Composite Index, which fell to 8,424.49, down 177.87 points or 2.07 percent. It traded between 8,400.87 and 8,602.36, within a 52-week range of 6,737.42 to 9,303.67. U.S. Dollar Rises Against Most Major Currencies Monday, Swiss Franc the Lone Exception as Aussie Dollar Flat The U.S. dollar advanced against nearly every major currency on Monday, with the Swiss franc the only exception, while the Australian dollar barely moved in quiet foreign exchange trading. The euro slipped against the greenback, with EUR-USD at 1.1468, a downward move of 0.16 percent. The dollar's gain against the single currency came as traders continued to assess the interest rate outlook on both sides of the Atlantic. The dollar was stronger against the Japanese yen, with USD-JPY at 157.4200, up 0.34 percent — one of the larger moves of the session. Sterling also weakened versus the dollar, with GBP-USD at 1.3373, a decline of 0.16 percent for the pound. The Australian dollar was essentially unchanged, with AUD-USD at 0.7122, a move of just 0.01 percent, making it the flattest of the major pairs on the day. The dollar extended gains against the Canadian dollar, with USD-CAD at 1.4034, up 0.34 percent. Buckling the trend was the Swiss franc, which edged higher against the dollar. USD-CHF stood at 0.8209, a move of 0.18 percent in the franc's favor — the only currency among the majors to gain ground on the greenback. Monday's session left the dollar broadly firmer, with gains of 0.16 percent to 0.34 percent against the euro, yen, pound and Canadian dollar, a flat Australian dollar, and the Swiss franc the sole holdout. Global Stock Markets Close Higher Monday as European and Asian Benchmarks Rally World stock markets finished mostly higher on Monday, with Canadian, UK, and European indices posting solid gains and most Asian benchmarks advancing, though a few markets bucked the trend. Canada The S&P/TSX Composite index closed at 36,009.40, up 202.75 points or 0.57 percent on volume of 260.978M. It traded between 35,744.59 and 36,013.11, against a yearly range of 29,530.90 to 37,069.10. United Kingdom The FTSE 100 in London closed at 10,739.01, up 79.88 points or 0.75 percent. The session saw a low of 10,656.70 and a high of 10,774.66, against a 52-week range of 9,177.10 to 10,989.50. Europe Germany's DAX P rose to 25,575.01, gaining 270.95 points or 1.07 percent. It traded between 25,434.16 and 25,617.99, within a yearly range of 21,863.81 to 26,618.74. The CAC 40 in Paris ended at 8,138.94, up 73.92 points or 0.92 percent, after moving between 8,102.09 and 8,154.24. Its 52-week range stands at 7,505.27 to 8,755.03. The EURO STOXX 50 I closed at 6,318.20, up 82.00 points or 1.31 percent, with a session range of 6,243.44 to 6,325.11 and a yearly range of 5,376.81 to 6,577.20. The Euronext 100 Index finished at 1,897.91, up 16.75 points or 0.89 percent. It traded between 1,881.25 and 1,902.30, against a 52-week range of 1,628.22 to 1,984.60. Belgium's BEL 20 closed at 5,763.48 Monday, up 50.32 points or 0.88 percent, with a session range of 5,724.64 to 5,778.88 and a yearly range of 4,631.38 to 5,905.83. Asia The SSE Composite Index in mainland China closed at 3,949.91, up 38.04 points or 0.97 percent, on volume of 2.991B. It traded between 3,918.13 and 3,950.94, against a yearly range of 3,741.11 to 4,258.86. The Nikkei 225 led gains in Asia, closing at 65,018.95, up 882.75 points or 1.38 percent. It traded between 64,403.85 and 65,436.57, within a 52-week range of 44,357.65 to 72,831.73. Hong Kong's HANG SENG INDEX climbed to 25,042.71, up 291.93 points or 1.18 percent. It traded between 24,736.92 and its close of 25,042.71, within a 52-week range of 22,518.00 to 28,056.10. In Singapore, the STI Index ended at 5,675.23, up 19.12 points or 0.34 percent, after ranging from 5,647.71 to 5,680.79. Its yearly range is 4,264.99 to 5,828.50. Australia's S&P/ASX 200 [XJO] closed at 8,731.90, up just 0.70 points or 0.01 percent. It moved between 8,681.10 and 8,736.50, against a 52-week range of 8,262.40 to 9,296.70.The Australian ALL ORDINARIES [XAO] slipped to 8,919.10, down 3.60 points or 0.04 percent. It traded between 8,872.10 and 8,925.10, within a yearly range of 8,454.90 to 9,474.80. New Zealand's S&P/NZX 50 INDEX GROSS ended at 13,821.20, up 82.06 points or 0.60 percent, with a session range of 13,650.40 to 13,821.20 and a yearly range of 12,689.78 to 14,069.22. In India on Monday, the S&P BSE SENSEX rose to 74,858.99, up 564.03 points or 0.76 percent, with a session range of 74,454.18 to 74,987.40 and a 52-week range of 71,545.81 to 86,159.02. Indonesia's IDX COMPOSITE fell to 6,384.73, down 56.43 points or 0.88 percent. It traded between 6,381.57 and 6,451.33, against a yearly range of 5,317.91 to 9,174.47. The FTSE Bursa Malaysia KLCI closed at 1,666.94, up 1.38 points or 0.08 percent, after moving between 1,661.22 and 1,674.74. Its 52-week range is 1,595.04 to 1,771.25. South Korea's KOSPI Composite Index jumped to 7,007.72, up 113.49 points or 1.65 percent. Its 52-week high stands at 9,385.59. In Taiwan on Monday, the TSEC CAPITALIZATION WEIGHTED ST closed at 47,718.84, up 538.09 points or 1.14 percent. It traded between 47,207.30 and 47,750.98, against a 52-week range of 25,469.04 to 48,218.87. Middle East and Africa In Israel, the TA-125 ended flat on Monday at 4,164.35, unchanged at 0.00 percent, with a session range of 4,138.38 to 4,175.98 and a yearly range of 3,056.22 to 4,588.51. Egypt's EGX 30 Price Return Index declined to 54,994.30, down 377.20 points or 0.68 percent, on volume of 261.229M. It traded between 54,705.20 and 55,432.90. In South Africa, the Top 40 USD Net TRI Index rose to 6,974.91, up 36.63 points or 0.53 percent, after ranging from 6,969.47 to 7,078.24. Its 52-week range is 6,060.13 to 8,184.71. Overall, the session reflected broad optimism across most major markets, with European indices posting gains of between 0.75 percent and 1.31 percent, while Asian markets were mixed but mostly positive. (This report incorporates quotes retrieved with the assistance of artificial intelligence). Related stories: Friday 18 September 2026 |Wall Street divided at week's end, Dow Jones slips 97 points| Big News Network Thursday 17 September 2026 |U.S. stocks bounce back, Nasdaq soars 440 points| Big News Network Wednesday 16 September 2026 |Dow Jones plunges 631 points after Fed hikes interest rates| Big News Network Tuesday 15 September 2026 |Wall Street dives on $40trn debt, surging bond yields, $100 oil prices| Big News Network Monday 14 September 2026 |Wall Street weakens Monday on AI concerns| Big News Network