Tech Strength Powers Nasdaq to Record Close Amid Easing Oil Prices

The Nasdaq Composite (^IXIC) surged to a record close on September 21, driven by tech strength and falling crude oil costs.

The index gained 2.26% to 27,122, while the S&P 500 (^GSPC) climbed 1.49% to 7,765 and the Dow Jones Industrial Average (^DJI) rose 0.71% to 52,049.

Advanced Micro Devices (AMD) jumped almost 10%, hitting an intraday market capitalization of $1 trillion as semiconductor demand accelerated.

Meta Platforms (META) soared over 11% after its Muse AI agent took the top download spot on Apple's app store, and Wells Fargo raised its price target on the stock.