Market Open: Stocks Rise, Oil and Yields Lower, Amazon’s Next Sale Nears • 9/21/26

0:01See NBC Business News. Update market open. I'm Jessica Ettinger. Wall Street is higher to start this new week of trading. The major averages are coming off a losing week. The rebound takes hold as Treasury yields and oil prices ease this morning. The Dow is up 190 points. IBM shares leading it higher. They're up almost 2 percent. The S &P 500 index is up 46 points. That's a half a percent. The Nasdaq is popping up 245 points, almost 1 percent. Chipmaker names mostly in the green this morning. The yield on the 10-year Treasury back below 5 percent. This means mortgage rates could pull back a bit today as mortgages loosely follow that rate on the 10-year.

0:43U.S. crude oil down below$98 a barrel. That's still Well,$30 a barrel more than the week before the U.S. sent missiles into Iran back in February. But it appears that Saudi Arabia has a successful workaround getting more oil out of the Strait of Hormuz. Here's Energy Aspects Amrita Sen on CNBC. Instead of flowing around 4 million barrels per day through the pipeline, now Saudi Arabia is flowing about 4 million barrels per day through Hormuz. We've seen them take over several tankers, about 30, just to do the shuttles between their loading port and the ship-to-ship that needs to happen. Yesterday alone on our satellite tracking, we saw seven VLCCs load in Saudi Arabian ports.

1:25So they are really ramping up the Hormuz side of things. On average, their exports are around 4 million barrels per day now, pretty much where they were at or even slightly above where they were during most of the conflict. AAA says the national average today for a gallon of regular$4.48 as Americans still handle pain at the pump. Diesel with a fresh record high today,$6.51 a gallon. Bitcoin hit its highest level since January. It's at$85 ,000 today. The market's debating whether the crypto winter might be over. Treasury Secretary Scott Besson telling CNBC today that the Trump administration won't give AI CEOs a liability shield if their products cause harm.

2:12Besson said it's humans who are responsible, not the AI. He was asked if he agrees with President Trump's opposition to a regulatory crackdown on AI. They do have to have responsibility for the tail of them. Because if you think about it in terms of the valuation, what did they try to do last week? It was, well, there's a chance that 10 percent chance we can destroy the world. But we want the government to give us a liability shield. And that's good business for them. bad business for the American people. Besant met yesterday with a top Chinese official ahead of a meeting Wednesday between President Trump and Chinese President Xi Jinping.

2:53Google disclosed the first known instance of its AI software, Gemini, carrying out a rogue undirected computer hack. Google said it didn't learn about the intrusions until July when an AI-focused cybersecurity company reviewed its Gemini work to look for incidents similar to OpenAI's hack of hugging face. Nissan says it may increase its U.S. production, rolling out a new Nissan Rogue hybrid it hopes achieves some of the popularity of the Toyota RAV4. Amazon's fall Prime Day event will make its return October 6th and 7th. It's often a smaller version of the company's June Prime Day sale rivals like Walmart and Target often schedule sales to compete.

3:38Sony's Resident Evil winning the weekend box office with the best reviews for any horror film this year. Jessica Edinger, CNBC. Hey, Fidelity. Can I get a second opinion on stocks in the Fidelity app?

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