On Friday (September 26), local time, the three major U.S. stock indices closed higher across the board. As of the close, the Dow Jones Index rose 0.65% to 46,247.29 points, the S&P 500 Index rose 0.59% to 6,643.7 points, and the Nasdaq Index rose 0.44% to 22,484.07 points.

Most large-cap tech stocks rose, with the U.S. Tech Seven Giants Index up 0.46%. Regarding individual stocks, Tesla rose over 4%, Microsoft rose nearly 1%, Amazon rose 0.75%, Google-C rose 0.25%, NVIDIA rose 0.28%, Apple fell 0.55%, and Meta fell 0.69%.

Chip stocks were mixed; the Philadelphia Semiconductor Index rose 0.32%, Intel rose over 4%, and Applied Materials rose over 2%.

Most China-concept stocks declined; the Nasdaq Golden Dragon China Index fell 1.56%, with Kingsoft Cloud and Daqo New Energy falling over 8%.

In terms of commodities, data showed that on September 26, local time, international precious metal futures generally closed higher: COMEX gold futures rose 0.50% to $3,789.8 per ounce; COMEX silver futures rose 2.77% to $46.365 per ounce.

International oil prices moved higher; data showed that the main U.S. WTI crude oil futures contract rose 0.32% to $65.19 per barrel, up 4.47% for the week; the main Brent crude oil futures contract rose 0.35% to $68.82 per barrel, up 4.21% for the week.

Regarding economic data, on September 26, local time, the University of Michigan released the final September Consumer Sentiment Index of 55.1, lower than the preliminary reading of 55.4 in September.

Additionally, according to data released the same day by the U.S. Bureau of Economic Analysis, the U.S. Personal Consumption Expenditures (PCE) Price Index, an indicator of inflation, rose 0.3% month-on-month in August. After excluding food and energy prices, the core PCE Price Index rose 0.2% month-on-month, meeting expectations. The U.S. core PCE Price Index rose 2.9% year-on-year in August, in line with market expectations, indicating some alleviation of inflationary pressures.

It is important to note that disagreements within the Federal Reserve over the interest rate path have increased uncertainty. Some officials hope to continue cutting rates in subsequent meetings to guard against employment risks, while others are more concerned about potential inflationary pressures.

A Goldman Sachs trader warned that last week might have been the peak of this round of the U.S. stock market rebound, with signs of a pullback appearing this week. The current overcrowding in tech stock trades, retail investors fully going long, and complex hedging strategies by institutions all suggest the market may be approaching a turning point.