Stock Market Update
22-Sep-26 11:00 ET
Major averages little changed from previous levels
Dow -220.46
at 51828.37,
Nasdaq +94.85
at 27237.99,
S&P -0.40
at 7764.30
[BRIEFING.COM] The major averages are little changed from previous levels as President Trump addresses the UN General Assembly.
Alibaba (BABA 116.99, +1.24, +1.07%) is a notable outperformer amid recent AI news. The company unveiled a full-stack roadmap spanning proprietary chips, cloud infrastructure, foundation models, and agent-based applications. Its new Zhenwu V900 accelerator is expected to deliver roughly three times the performance of its predecessor, while Alibaba also plans a substantial expansion of cloud data-center capacity. The roadmap reinforces the company's push to control more of its AI infrastructure and reduce reliance on externally sourced processors.
Semiconductor stocks remain firm following Monday's rally. The PHLX Semiconductor Index remains 0.7% higher, helping account for the Nasdaq's relative strength even as the broader market shows a mixed posture.
