Nasdaq Record, PMI Data and Diesel Export Debate
By Jacqueline Policastro | Quincy News Correspondent
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Washington (Quincy News) — Market Recap: U.S. stocks finished mixed Tuesday, with the Nasdaq climbing 0.5% to its second consecutive record close as technology and AI shares advanced. The S&P 500 was essentially flat, while the Dow fell 0.4% as bank shares declined.
Oil prices moved lower after Saudi Arabia partially restarted its East-West pipeline and Iran signaled that the Strait of Hormuz could reopen under certain conditions. Brent settled just below $100 a barrel after briefly falling below $98. The 10-year Treasury yield held near 5%.
Today’s Focus: Investors will get an early read on September U.S. business activity when S&P Global releases its flash manufacturing and services indexes at 9:45 a.m. ET. In August, the flash composite index rose to 56.0, its strongest reading since April 2022.
Fed Governor Michael Barr speaks at 10:05 a.m. ET on the economic outlook and housing. The EIA releases its weekly petroleum report at 10:30 a.m. ET after industry data indicated that U.S. crude inventories increased by about 1.8 million barrels last week.
Energy markets will also be watching the Trump administration’s consideration of restrictions on U.S. diesel exports. President Trump said Tuesday that he supports a ban, while Treasury Secretary Scott Bessent said officials are examining whether full or partial restrictions would be feasible. No policy has been announced.
ON THE SCHEDULE FOR WEDNESDAY, SEPTEMBER 23, 2026
-9:45 a.m. ET – September S&P Global flash U.S. manufacturing and services PMIs
-10:05 a.m. ET – Fed Governor Michael Barr speaks on housing
-10:30 a.m. ET – EIA Weekly Petroleum Status Report
-1 p.m. ET – Treasury 5-year note auction
-Thursday, 8:30 a.m. ET – Weekly jobless claims
-Thursday, 10 a.m. ET – August new-home sales
-Thursday, 1 p.m. ET – Treasury 7-year note auction
-Thursday, time TBD – President Trump meets Chinese President Xi Jinping in Washington
-Friday, 8:30 a.m. ET – August durable-goods orders
-Friday, 10 a.m. ET – Final September University of Michigan consumer-sentiment index
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