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Market Pulse: US Stocks Rise, Oil Falls, Bitcoin Surges Ahead of September 22 Session
- •US stocks gained on Monday, with the S&P 500 up 0.6%, Nasdaq Composite advancing 0.9%, and Dow Jones Industrial Average rising 0.3%, as oil prices and Treasury yields eased.
- •Crude oil prices fell for the fourth consecutive session; US West Texas Intermediate dropped 4% to $96.15 per barrel, and Brent crude fell 3.3% to $100.47 a barrel.
- •Bitcoin surged nearly 5% to an eight-month high of $85,222, driven by renewed ETF inflows and stronger appetite for risk assets.
- •Houthi rebels warned countries against joining Saudi Arabia in Yemen's civil war but assured the Trump administration they would not attack US vessels in the Red Sea.
- •India's Index of Core Industries grew 4.8% year-on-year in August 2026, led by strong growth in cement (12.5%) and electricity (11.6%) production.
Key Questions Answered
US stocks rose on Monday as oil prices and Treasury yields eased, with the S&P 500 gaining 0.6% and the Nasdaq Composite advancing 0.9%. Meanwhile, crude oil prices fell for the fourth consecutive session, with US West Texas Intermediate futures dropping 4% to $96.15 per barrel and Brent crude falling 3.3% to $100.47 a barrel.
A senior official with the Iran-backed Houthi rebels warned countries against joining Saudi Arabia in Yemen's revived civil war while assuring the Trump administration that his group would not attack US vessels in the Red Sea. Mohamed al-Bukhaiti stated that Washington reached out to the rebels following their advance down Yemen's western coast earlier in September.
The Index of Core Industries grew by 4.8% year-on-year in August 2026, easing slightly from the revised 5% growth recorded in July. Five of the eight core sectors recorded growth, led by cement production, which rose 12.5%, and electricity output, which increased 11.6%.
