Story perspectives

S&P 500 Hits Record as Intel Shares Jump 12.1%

By Drooid · Sep 22, 2026, 12:26 AM UTC · How we work

Summary

Story summary

Australian shares set to open higher as Wall Street gains and Brent oil falls.
The S&P 500 rose 1.5% to an all-time high.
Brent crude dropped 3.4% to $100.34 per barrel, easing energy-sector pressure.
Intel shares surged 12.1%.
Morgan Stanley Wealth Management said large-cap U.S. equities are overweights amid consumer-cyclical headwinds.

History

Historical Context

The October 1973 OAPEC oil embargo, led by Saudi King Faisal, pushed crude from $3 to about $12 a barrel—a four-fold jump that sparked sharp global stock market declines. Decades later, a 1.5% U.S. S&P rally and Brent’s fall to $100.34 echo that shock, prompting analysts to recently favor large-cap equities.

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Story summary

Australian shares set to open higher as Wall Street gains and Brent oil falls.
The S&P 500 rose 1.5% to an all-time high.
Brent crude dropped 3.4% to $100.34 per barrel, easing energy-sector pressure.
Intel shares surged 12.1%.
Morgan Stanley Wealth Management said large-cap U.S. equities are overweights amid consumer-cyclical headwinds.

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