Wall Street Review: Tech Leads Stocks to New Highs in Broad Rally

A Fed rate cut, Musk’s $1 billion Tesla buy, Nvidia’s $5 billion Intel deal, and stronger-than-expected retail sales lift market sentiment.

9/20/2025|Updated: 9/20/2025

News Analysis

Technology shares led stocks to new highs this week, lifted by a long-awaited rate cut by the Federal Reserve, major tech investments, and stronger-than-expected retail sales.

Panos Mourdoukoutas

Author

Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron’s, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China’s Challenge.”