Global equities dip as oil climbs and bond yields stay elevated
World stock markets fell on Thursday, with the S&P 500 slipping about 0.5% and the Nasdaq dropping nearly 1.3% amid rising oil prices and persistent high bond yields.
Global equity markets slipped on Thursday, as the S&P 500 fell roughly 0.5% and the Nasdaq lost close to 1.3% amid a surge in oil prices and still-high sovereign bond yields. The rise in oil revived concerns about inflation and supply disruptions, while bond markets saw a modest pullback in yields after a strong 30-year auction. Technology stocks lagged, especially chipmakers, after a report that OpenAI’s annualized revenues were lower than previously signaled.
European indices, including the pan-European STOXX 600 and France’s CAC-40, also declined, reflecting broader market pressure. Analysts noted that the market remains sensitive to potential contagion and may look to monetary interventions for support.
Why it matters
The slide shows how higher energy costs and stubborn bond yields are pressuring global markets and tech valuations.
How this story developed
- Sep 21 30-year U.S. Treasury Yield Hits 2002 High Amid Widening Debt Sell-off
- Sep 30 Japanese equities rose alongside broader Asian stocks while markets awaited key US inflation figures that could steer interest-rate policy.
- Oct 2 South Korean equities opened slightly lower on Friday, with the KOSPI down about 0.15% despite gains on Wall Street.
- Oct 7 Nasdaq closed at a record high and Japan lifted its 10‑year bond coupon to 3.1%.
- Oct 7 The Treasury announced plans to sell a $39 billion block of 10‑year notes.
- Oct 8 The market recorded a third straight day of losses.
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