Savicoin US Stock Perpetual Daily｜September 17, 2026 (Thursday UTC+8)

Data as of: September 17, 2026 08:00 (UTC+8)
Corresponding US stock trading date: September 16, 2026

I. Overnight US Stocks

On September 16, the US stock market experienced significant volatility following the Federal Reserve’s interest rate decision. The three major indices ultimately closed mixed, while overall market conditions remained range-bound at elevated levels.

The most important event of the day was the Federal Reserve’s September policy meeting decision.

The Federal Reserve announced that it would raise the federal funds target range by 25 basis points to 3.75%–4.00%, marking the first rate hike since 2023. The Fed also stated that US economic activity remained solid, domestic consumption was resilient, employment growth and labour supply were broadly balanced, but inflation remained elevated.

Following the policy announcement, market focus on the future interest rate path intensified further.

At the close:

Dow Jones Index:51,461.90 (-1.21%)

S&P500:7,551.81 (-0.45%)

Nasdaq Composite Index:25,978.42 (-0.01%)

The Dow Jones Index recorded the most significant decline, while the S&P 500 also fell, and the Nasdaq was broadly flat.

Notably, technology and semiconductor sectors showed relatively strong resilience, with some AI-related stocks recovering after a period of consecutive declines.Reuters data showed that on September 16, the Nasdaq ultimately declined only slightly, while gains in some semiconductor stocks provided some support for the index.

II. Savicoin Perpetual Contract Market

Note: Reference prices and changes are based on the closing prices during the regular trading session of the corresponding US stocks/ETF on September 16. Actual execution prices for Savicoin US stock perpetual contracts may differ due to trading hours, market liquidity and market volatility.

III. Market Observations

On September 16, the core trading logic in the US stock market shifted from:

Rising oil prices｜Inflation concerns｜Rising US Treasury yields

further towards:

Actual Federal Reserve policy + the subsequent interest rate path

The Federal Reserve raised interest rates by 25 basis points to 3.75%–4.00%.

Rather than the rate decision itself, the market was more focused on the subsequent policy path.

Investors are currently watching closely:

Whether inflation remains elevated

↓

Whether oil prices remain elevated

↓

Whether US Treasury yields remain near 5%

↓

Whether the Federal Reserve will raise rates further in the future

↓

Whether technology stock valuations will remain under pressure

On September 16, the yield on 10-year US Treasury notes remained near 5%. The yield had previously risen to approximately 5.04%, a relatively high level since 2007. The high-yield environment continued to place valuation pressure on high-growth stocks.

Therefore, the market is not simply trading the “rate hike” itself, but is reassessing:

How long interest rates will remain at elevated levels.

IV. Federal Reserve Rate Hike Takes Effect｜Market Enters a Policy Repricing Phase

On September 16, the Federal Reserve officially announced a 25-basis-point rate hike.

The policy decision was approved unanimously, raising the federal funds target range to:

3.75%–4.00%

The Federal Reserve also stated that US economic activity continued to expand steadily, domestic consumption remained resilient, productivity growth was strong, and capital investment remained solid.

However:

Inflation remained high.

Therefore, the Fed’s current policy focus remains centred on:

Controlling inflation → Stabilising prices → Assessing the subsequent interest rate path

As the market had already largely anticipated this rate hike, what truly affected the stock market was not simply the 25 basis points themselves, but the market’s repricing of the future policy path.

For technology stocks:

Higher interest rates → Greater discounting pressure on future cash flows

Therefore, the market will continue to closely monitor the 10-year US Treasury yield.

V. 10-Year US Treasury Yield Remains an Important Variable for Technology Stocks

The yield on 10-year US Treasury notes recently surpassed 5% at one point.

On September 16, the 10-year Treasury yield remained near 5%.

A high-yield environment increases market funding costs while reducing some investors’ risk tolerance for highly valued growth assets.

Therefore:

AI｜Semiconductors｜Software｜Large-cap technology stocks

remain sectors that are relatively sensitive to interest rate changes.

However, the market also showed some divergence on September 16.

Some technology and semiconductor stocks rebounded after consecutive declines, allowing the Nasdaq to ultimately remain broadly flat.

This means that two trading themes are currently emerging:

Macro theme

Federal Reserve → US Treasuries → US dollar → Crude oil → Inflation

Industry theme

AI demand → Chips → Data centres → Capital expenditure → Corporate earnings

These two themes may continue to influence technology stock prices intermittently in the short term.

VI. Oil Prices Decline, but Supply Risks Remain

International oil prices declined on September 16.

At the close:

• Brent crude: $105.83 per barrel, down approximately 2.7%
• WTI crude: $102.43 per barrel, down approximately 3.2%

The decline in oil prices mainly eased some market concerns about short-term energy inflation.

However, crude oil prices remain at relatively high levels.

Therefore, the market still needs to monitor:

The situation in the Middle East

Energy supply

Transport costs

Inflation expectations

If crude oil remains elevated, energy prices may continue to affect the market through the chain of:

Energy → Transport → Manufacturing → Consumption → Inflation

Therefore, oil prices remain one of the important variables for assessing the Federal Reserve’s future policy path.

VII. Key Asset｜NVDAUSDT

On September 16, NVIDIA continued to show some recovery.

NVDA closed at approximately: $213.90
Daily gain: approximately +0.82%

NVDA had previously fallen by more than 3% on September 14, followed by recovery over the next two trading sessions.

Current market focus for NVDA remains centred on:

AI demand

Data centre capital expenditure

AI chip demand

Cloud provider investment

AI commercialisation

as well as:

US Treasury yields

On September 16, some AI and semiconductor stocks rebounded, helping to ease the pressure on the Nasdaq from the Federal Reserve’s policy.

In the short term, NVDA’s market trading logic is no longer limited to AI demand growth, but also includes:

AI demand + Capital expenditure + Earnings expectations + Interest rate environment

If US Treasury yields remain elevated, technology stock valuations may continue to face pressure.

If yields subsequently decline significantly, the market may refocus on AI industry growth and corporate earnings.

VIII. Key Assets to Watch

Key assets to watch on September 17:

NVDA｜SNDK｜MSFT｜META｜AAPL｜AMZN｜TSLA｜SPY

NVDA

Monitor AI chip demand, data centre capital expenditure and changes in US Treasury yields.

NVDA rose approximately 0.82% on September 16, indicating some recovery in the technology sector following the previous correction.

SNDK

Focus on the memory chip sector.

SNDK’s volatility has increased significantly recently, with a reference price of approximately $1,519.97 on September 16. Its previous consecutive declines have made it one of the current high-volatility assets. Public market data shows that SNDK’s recent price fluctuations have been significantly greater than those of large-cap technology stocks.

MSFT

Focus on AI capital investment, the Azure cloud business and enterprise AI demand.

MSFT fell approximately 1% on September 16, making it one of the relatively pressured large-cap technology stocks.

META

Focus on AI infrastructure investment, the advertising business and the commercialisation of AI products.

META rose approximately 1.31% on September 16, showing relatively strong performance.

AAPL

Monitor the new product cycle, consumer demand and overall risk appetite for large-cap technology stocks.

AAPL rose approximately 0.70% on September 16.

AMZN

Focus on AWS, AI infrastructure investment and cloud business growth.

AMZN edged lower on September 16, while the market continued to monitor profitability in a high-capital-expenditure environment.

TSLA

Monitor autonomous driving, Robotaxi, AI business and overall market risk appetite.

TSLA rose approximately 0.42% on September 16 and remains in a relatively high-volatility range in the short term.

SPY

As a representative asset for the S&P 500 Index ETF, SPY is primarily monitored for changes in overall risk appetite following the Federal Reserve’s policy decision.

SPY’s reference price was approximately $751.45 on September 16, while overall market risk appetite remained affected by interest rates and US Treasury yields.

IX. Market Outlook for September 17

As September 17 begins, the market’s trading focus has shifted from:

“Will the Federal Reserve raise rates?”

to:

“What will the Federal Reserve do next?”

The 25-basis-point rate hike on September 16 has been implemented.

Therefore, the market may focus more closely on:

Inflation data

Employment data

Crude oil prices

10-year US Treasury yields

US Dollar Index

Subsequent comments from Federal Reserve officials

as well as changes in:

AI companies’ capital expenditure

Technology companies’ earnings

The current core market logic can be summarised as:

Federal Reserve + US Treasuries + Crude oil + AI

If oil prices continue to decline while US Treasury yields fall, technology stocks may gain some room for valuation recovery.

If oil prices rise rapidly again, driving inflation expectations and Treasury yields higher, technology and growth stocks may continue to face significant volatility pressure.

Therefore, the market focus on September 17 is not on a single direction, but on observing:

Whether a new balance emerges among interest rates, oil prices and technology stocks.

X. Key Data to Watch Today

Key items to watch on September 17:

① 10-year US Treasury yield

Monitor whether it continues to remain near 5%.

② International crude oil

Focus on whether Brent continues to remain above $100.

③ Nasdaq Index

Observe whether technology stocks can remain stable after the Federal Reserve’s policy decision takes effect.

④ Semiconductor sector

Focus on volatility in AI- and memory-related assets such as NVDA and SNDK.

⑤ US Dollar Index

Changes in the US dollar may further affect US Treasuries, commodities and global risk assets.

XI. Trading Session Notice for Today

September 17, 2026 (Thursday) is a regular US stock trading day.

Regular US stock trading hours

Beijing Time 21:30–04:00

Pre-market and after-hours 16:00–21:30 / 04:00–08:00

The results of the Federal Reserve’s September policy meeting have been announced, and the market has entered a phase of digesting the policy outcome.

Against the backdrop of high interest rates, high oil prices and the repricing of technology stock valuations, intraday volatility in some US stocks and related perpetual contracts may increase further.

Actual trading hours, tradable instruments and market conditions are subject to the Savicoin platform display.

XII. Risk Disclosure

The current market is simultaneously affected by multiple factors, including:

Federal Reserve policy, US Treasury yields, crude oil prices, geopolitics, inflation expectations, AI valuations and corporate earnings

In particular, during the market repricing phase following the Federal Reserve’s policy decision, stocks, bonds, the US dollar and commodities may experience rapid fluctuations, further amplifying price movements in technology stocks and the semiconductor sector.

US stock perpetual contracts are leveraged trading products, and price fluctuations may be further amplified.

Please manage positions and leverage appropriately, and pay close attention to market liquidity, price volatility and liquidation risks.

XIII. Disclaimer

This article is provided for market information purposes only and does not constitute any investment or trading advice.

The relevant market data comes from public markets and the Savicoin platform. Differences in prices and timestamps may exist between different data sources.

Savicoin US stock perpetual contracts are continuously traded products. Their actual execution prices, mark prices and settlement prices may differ to some extent from the prices of the corresponding US stock spot markets.

Users should make independent decisions based on their own circumstances and bear the relevant trading risks themselves.

Savicoin Team