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Sep 17, 2026 9 min

Stocks Rally on… Who knows?

from MPC Markets Morning Call Hosted by MPC Markets

Wall Street bounced back overnight led by chip stocks and Nvidia ahead of quad witching expiry, but the broader market had little to offer. The Dow is still down 1.5% for the week, and we can't quite work out what drove the rally. Today we cover the weekly wrap across US indices, listener-requested chart of the day on AYA (Atreia) and the ASX biotech space, a commodities bounce with lithium, uranium, silver and gold all jumping, and crude holding above US$102 WTI. Day ahead: Bank of Japan rate decision expected at +25bp, Governor Bullock before the House Economics Committee, Fed speakers, and SPI futures pointing to a 54-point open. Plus Firmus eyeing a $50B ASX float.

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