---
title: "Stock market week in review, Sept. 21–22, 2026: tech leads the bounce"
url: https://portfolio-terminal.com/blog/stock-market-week-in-review-september-22-2026
author: "Julien Esnault"
publisher: "Portfolio Terminal"
published: 2026-09-23
type: market note
tags: ["Market News", "Stock Market", "Interest Rates"]
summary: "S&P 500 +1.49% to 7,764.64. Nasdaq +2.72% to 27,244.28. Dow +0.35% to 51,863.69. 10-year Treasury yield 4.968%. What moved markets Sept. 21–22, 2026."
---

> **Source:** Julien Esnault, "Stock market week in review, Sept. 21–22, 2026: tech leads the bounce", Portfolio Terminal, 2026-09-23. https://portfolio-terminal.com/blog/stock-market-week-in-review-september-22-2026
> When you use a figure from this article, cite it with the line above and link to the URL. Figures are checked against the primary data named in the Sources line at the end.

# Tech leads the bounce after the Fed week

**Sessions of Monday, September 21 and Tuesday, September 22, 2026.** A week after the Federal Reserve raised rates and the 10-year Treasury yield closed above 5%, the market took the Fed week back and then some. The S&P 500 rose 1.49%, the Nasdaq Composite 2.72% and the Dow 0.35% — and almost all of it happened on Monday.

---

## The scorecard

| Close | Sept. 18 | Sept. 22 | Move |
|---|---|---|---|
| S&P 500 | 7,650.50 | 7,764.64 | +1.49% |
| Nasdaq | 26,522.54 | 27,244.28 | +2.72% |
| Dow | 51,682.64 | 51,863.69 | +0.35% |
| Russell 2000 | 2,860.40 | 2,889.92 | +1.03% |
| 10-year yield | 4.998% | 4.968% | −0.03 |
| VIX | 14.81 | 14.21 | −0.60 |

Year to date, the S&P 500 is up 13.4%, the Nasdaq 17.2% and the Dow 7.9%. Every close since, session by session, is listed on [S&P 500 today](https://portfolio-terminal.com/markets/sp-500), [Nasdaq Composite today](https://portfolio-terminal.com/markets/nasdaq-composite) and [Dow Jones today](https://portfolio-terminal.com/markets/dow-jones).

---

## Monday did the work

Monday was the session. The S&P 500 rose 1.49%, the Nasdaq 2.26% and the Dow 0.71%. Tuesday added almost nothing: the S&P 500 closed unchanged to the second decimal, the Nasdaq added 0.45%, and the Dow gave back 0.36%. Two sessions, one of them real — worth remembering when a two-day move gets described as momentum.

---

## The 10-year backed away from 5%

The 10-year Treasury yield closed at 4.968%, down from 4.998% on Friday and from the 5.006% print on September 16 that [set the tone for the week before](https://portfolio-terminal.com/blog/10-year-treasury-yield-5-percent-2026). In bond terms that is a small move. In mood terms it is not: 5% was the round number the market had been watching, and this rebound arrived with the yield sitting just under it rather than just above. Where it stands now, and every close before it, is on [10-year Treasury yield today](https://portfolio-terminal.com/markets/10-year-treasury-yield).

---

## What did the lifting

| Company | Sept. 18 → Sept. 22 |
|---|---|
| Meta (META) | +10.64% |
| Tesla (TSLA) | +4.02% |
| Nvidia (NVDA) | +2.97% |
| Broadcom (AVGO) | +1.94% |
| Apple (AAPL) | +1.08% |
| Microsoft (MSFT) | +0.85% |
| Amazon (AMZN) | +0.50% |
| Alphabet (GOOGL) | +0.46% |

Meta rose 10.64% over two sessions on its own. A handful of the largest technology companies did nearly all of the lifting, which is why the tech-heavy Nasdaq gained 2.72% while the Dow managed 0.35% — the same gap, in the same direction, as the week before. To see how the leaders compare, try [Alphabet vs Meta](https://portfolio-terminal.com/compare/googl-vs-meta) or the [Nvidia analysis](https://portfolio-terminal.com/analyse/nvda).

---

## What a bounce like this means for your portfolio

Two good sessions after a bad week feel like a recovery, and for the index they were one. Whether they were one for you depends on what you hold. A book leaning on the largest technology names took back more than the index did; one built on dividend payers, utilities or small caps took back less — and the headline number will not tell you which you own.

[Is my portfolio actually diversified?](https://portfolio-terminal.com/blog/is-my-portfolio-diversified) walks through how to read your own weights, and the [crash test](https://portfolio-terminal.com/crash-test) carries the book you hold today through windows the market has already delivered, so you can see what it does when the two days go the other way.

Track every close as it happens: [Markets today](https://portfolio-terminal.com/markets).

*Figures are daily closes; changes compare the September 18 and September 22 closes. Not investment advice.*

Sources: [S&P 500 history](https://finance.yahoo.com/quote/%5EGSPC/history/) · [Nasdaq Composite history](https://finance.yahoo.com/quote/%5EIXIC/history/) · [Dow Jones history](https://finance.yahoo.com/quote/%5EDJI/history/) · [10-year yield history (TNX)](https://finance.yahoo.com/quote/%5ETNX/history/) · [Russell 2000 history](https://finance.yahoo.com/quote/%5ERUT/history/) · [VIX history](https://finance.yahoo.com/quote/%5EVIX/history/)

## Questions and answers

**How did the stock market do on September 21 and 22, 2026?**

Over the two sessions after the Fed week, the S&P 500 rose 1.49% to 7,764.64, the Nasdaq Composite rose 2.72% to 27,244.28 and the Dow rose 0.35% to 51,863.69.

**What moved stocks on September 21 and 22, 2026?**

A rebound in the largest technology companies. Meta rose 10.64% over the two sessions and Tesla 4.02%, while the 10-year Treasury yield eased to 4.968%, back under the 5% level it crossed the week before.

**Where is the 10-year Treasury yield now?**

The 10-year Treasury yield closed at 4.968% on September 22, 2026, down from 4.998% on September 18 and from the 5.006% close on September 16 that was its highest since 2007.