Wall Street slides as bond yields climb and oil prices rise
U.S. equity indexes fell on Thursday, with the S&P 500 down 0.4%, the Dow Jones Industrial Average off 0.2% and the Nasdaq Composite slipping 0.6%. Treasury yields rose, the 10-year note moving toward 5% after briefly approaching that level, while Brent crude rose about 1.8% to just under $100 a barrel. Semiconductor stocks such as AMD, Nvidia and Intel led losses, whereas Meta Platforms gained after its AI assistant Muse was well received. Investors are watching the approach of a U.S.–China summit in Washington, where discussions are expected to include trade, AI rules and regional security issues.
How this was covered
- Left-leaning outlets covered this 3h later
Why it matters
Rising yields and higher oil prices tighten financing conditions, which could curb corporate earnings and consumer spending.
How this story developed
- Sep 7 War-driven disruptions tighten global ship-fuel supplies and raise freight costs
- Sep 11 US Treasury prices slipped Friday, lifting the 10-year yield to roughly 4.97%, close to the 5% mark, as oil prices climbed and expectations of a Federal Reserve rate hike grew.
- Sep 12 Iran announced attacks on ten vessels near the Strait of Hormuz.
- Sep 14 Brent futures rose to $109.97, a three‑month peak, widening the price gap with regional benchmarks.
- Sep 17 The Federal Reserve lifted its policy rate by a quarter point, its first increase in three years.
- Sep 18 Asian equities rose on Friday while the yen slipped, as oil prices fell and investors eyed the Bank of Japan’s upcoming rate hike.
- Sep 20 Oil benchmarks rose on Monday following a missile and drone attack by Yemen’s Iran-backed Houthis on Saudi Arabia’s capital Riyadh.
- Sep 22 Oil prices fell and AI data demand boosted semiconductor stocks, reversing earlier concerns about oil‑driven market pressure.
- Sep 22 AMD’s market value reached $1 trillion.
- Sep 24 Tokyo stocks rose while Sydney fell as investors weighed lower oil prices and a jump in US Treasury yields.
- Sep 24 Iran’s president publicly rejected any surrender to the United States at the UN.
- Sep 25 US Treasury yields climbed to their highest in nearly two decades, pushing the dollar up about 1 %.
- Sep 25 Refinery output shifts and refinery strikes have created a measurable shortfall in bunker‑fuel supply for the third quarter.
- Sep 25 Bond yields climbed back above 5% and oil prices rebounded, pushing Wall Street lower.
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