Closing the session on September 15 (local time), the Dow Jones industrial index fell 328.09 points (equivalent to 0.63%) to 52,093.11 points. The S&P 500 index lost 34.25 points (0.45%) to 7,585.73 points, while the Nasdaq Composite technology index fell 204.84 points (0.78%) to 25,981.57 points.
Widespread selling pressure when 9 out of 11 key S&P 500 industry groups sank into red, leading the decline were non-essential consumer goods and utility services.
Conversely, energy and materials are two rare groups that increased points thanks to strong crude oil prices. WTI oil for October delivery rose 4.38% to 105.83 USD per barrel in New York, while Brent oil for November delivery rose 2.9% to 108.75 USD per barrel in London.
Faced with high inflation for many months, the majority of traders predict that the US central bank will decide to raise interest rates at the end of the meeting on September 16. The yield of 10-year US Treasury bonds this session soared to 5.04%, setting a record high since 2007.
Despite widespread cautious sentiment, semiconductor stocks still recorded long-term bright spots. Bank of America's report on September 15 said that the microchip industry still has great room to expand, despite concerns about cooling down artificial intelligence (AI) investment.
Analyst Vivek Arya raised his forecast for the global semiconductor chip market size by 2030 from 2,700 billion USD to 3,200 billion USD, corresponding to an annual growth rate of about 18%, due to orders and long-term capacity commitments still being maintained stably.
The Fed's September monetary policy meeting will take place on September 15 and 16, with official interest rate decisions and economic forecasts announced on the afternoon of September 16 (US time). After this meeting, the Fed will continue to hold the remaining two regular policy meetings of 2026 in early November and mid-December to make further management orientations.
