Tech Stocks Lead U.S. Market Gains After Fed Rate Hike
On September 17, 2026, tech stocks led a rebound in major U.S. indexes following the Federal Reserve's first rate hike in three years. The Nasdaq Composite rose by 1.7%, while the S&P 500 and Dow Jones Industrial Average gained 1.1% and 0.6%, respectively. Information Technology was the top-performing sector, rising over 2%. This marked a reversal from previous sessions where markets had fallen for seven out of eight days after the Fed raised rates by 25 basis points to combat persistent inflation. Meanwhile, bond yields fell slightly as traders anticipated further rate hikes in October and December. The 10-year Treasury yield dropped below 4.94%. Oil prices also declined amid optimism that a supply disruption from a closed Saudi pipeline would be short-lived. In the tech sector, several memory and semiconductor stocks surged by over 5%, while Generac Holdings jumped nearly 20% after announcing an $8 billion deal with Amazon for backup power generators. Bitcoin edged higher to around $76,500, but gold prices dipped slightly as did the U.S. dollar index.
Tickers: $DRAM
Topics: Bond Yields Federal Reserve Interest Rates Oil Prices Stocks