Among companies with a market capitalization of at least $10 billion, the largest gainer last week was Warner Bros. Discovery, Inc., a leader in the media and entertainment industry. The company's shares rose 55.82% in a week to $18.87 per share. Next is Nebius Group N.V., a provider of artificial intelligence (AI) and cloud technology solutions, with a 38.09% increase to $90.41 per share. This top three is rounded up by IonQ, Inc., a developer of quantum computing systems, with a 33.04% increase to $55.61 per share.

The top three largest-cap companies with the biggest losses last week starts off with Synopsys, Inc., a leading semiconductor design and software provider, whose shares fell 28.87% in one week to $425.45 per share. Summit Therapeutics Inc., a developer of innovative drugs, followed with a 27.10% drop to $18.94 per share. And Chewy, Inc., an online pet products and services retailer, rounded up this top three with an 18.12% drop to $34.66 per share.

US stock markets closed the week higher: The S&P 500 rose 1.6%, the Dow Jones industrial average went up nearly 1%, and the Nasdaq increased 2%, led by rising expectations of an upcoming US Federal Reserve refinancing interest rate cut and a surge in AI-related stocks. Oracle’s bullish outlook, as well as sharp gains in Tesla and Warner Bros Discovery, added momentum to the tech sector's rally last week.

Global equity funds saw $3.06 billion in outflows in the week that ended on September 10, the first outflow in five weeks. Bond funds, on the other hand, saw $18.2 billion in inflows, marking their 21st consecutive week of inflows. Money market funds saw a sharp increase in inflows, to $60.8 billion. Also, gold and precious metals funds saw $1.7 billion in inflows, continuing their strong growth as investors preferred safer assets.

Oracle surged 36% last week to become one of the 10 most valuable US companies, with a market capitalization of $922 billion. This once again shows that the recent growth of the US stock market is largely due to the growth of the AI sector.

Oracle’s success also boosted shares of Nvidia, Broadcom and AMD, which supply semiconductors for data centers for AI infrastructure. Smaller cloud providers, such as CoreWeave, rose about 15%. Oracle’s partnerships with Amazon, Microsoft and Alphabet, which allow their customers to use Oracle Cloud Infrastructure, increased the company’s first-quarter revenue by more than 16 times. Analysts point to Oracle’s participation in large-scale AI projects, including SoftBank and OpenAI’s Stargate initiative, as a key factor in future growth. The company’s shares now trade at a factor of 33 times the expected profit, reflecting investor optimism about Oracle’s AI cloud strategy.

AbbVie shares hit an all-time high on Thursday; rising 4% after the company extended the market exclusivity of its key immunology drug, Rinvoq, until 2037. Analysts say this gives the company additional protection from market rivals and could add about $2 billion to Rinvoq's annual sales.

On September 9, a total of 25 billion drams of government bonds were placed on Armenia’s stock market, and will be redeemed on April 29, 2028. The public auction had four participants, and the amount of bids they submitted totaled 71.9 billion drams. The weighted average price of the placed government bonds was 98.0257 drams, and the yield was 9.2536%.

The US consumer price index rose 2.9% in August from a year earlier, the biggest increase since January. On a monthly basis, consumer prices rose 0.4% after a 0.2% increase in July, driven mainly by higher housing and food prices.

In August, the US government budget deficit fell by 9% year-on-year to $345 billion, largely due to a record $29.5 billion in customs revenue. Since the start of fiscal year 2025, the deficit has increased by 4% to $1.973 trillion.

US consumer confidence fell for the second straight month in September. The University of Michigan’s consumer confidence index fell to 55.4, the lowest reading since May, from 58.2 in August. Consumers cited rising risks to business conditions, the labor market and inflation, while personal financial expectations fell by about 8%. Inflation expectations for next year remained steady at 4.8%, but the forecast for the next five years rose to 3.9%.

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