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On Holding Shares Jump After $1 Billion Buyback Plan

By Drooid · Sep 23, 2026, 10:30 PM UTC · How we work

Summary

U.S. Stocks Hold

U.S. stock market held near record high as Brent crude fell below $100 per barrel.
S&P 500 edged down less than 0.1%, staying 0.4% below its all-time high.
Nasdaq composite rose 122 points, about 0.5%, to 27,244.28.
AutoZone climbed 3.3% after reporting stronger quarterly profit despite revenue shortfall, said CEO Phil Daniele.
On Holding shares jumped 7.6% after Swiss sneaker maker announced $1 billion buyback plan through 2029.

Summary

Trump warns UN

President Donald Trump warned at the UN that a U.S.–Iran deal would follow the November midterms.
Chinese President Xi Jinping will meet GM, Meta, Apple, Amazon and Tesla executives in Washington.
A survey showed U.S. business activity hit its strongest level in over five years in September.
Federal Reserve (Fed) Governor Michael Barr signaled rate hikes, with markets pricing a 71% chance of an October increase.

History

Historical Context

In March 1999, the Nasdaq Composite surged to a record 5,048 points, fueling a technology-driven market boom. The Federal Reserve, led by Chairman Alan Greenspan, kept the federal-funds rate at 5.25% through 2000, while the S&P 500 rose 20% that year. Today's S&P 500 hovering 0.4% below its all-time high, AutoZone’s 3.3% profit jump, and Fed Governor Michael Barr’s 71% odds of an October hike echo the 1999 optimism amid policy debates. The 1999 experience shows that rapid market gains can precede volatility, suggesting investors should monitor policy signals and geopolitical rhetoric for future corrections.

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U.S. Stocks Hold

U.S. stock market held near record high as Brent crude fell below $100 per barrel.
S&P 500 edged down less than 0.1%, staying 0.4% below its all-time high.
Nasdaq composite rose 122 points, about 0.5%, to 27,244.28.
AutoZone climbed 3.3% after reporting stronger quarterly profit despite revenue shortfall, said CEO Phil Daniele.
On Holding shares jumped 7.6% after Swiss sneaker maker announced $1 billion buyback plan through 2029.

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