The Dow Jones Industrial Average fell for the third straight day, dropping 0.3% Thursday. The tech-heavy NASDAQ Composite and benchmark S&P 500 both held fairly steady, compared with closing down the day previous.
The 10-year Treasury yield, benchmark for mortgage rates, corporate bond rates, and interest rates on various loans, climbed to 5.20% late-afternoon, more than 8 basis points higher than the previous day’s close, and its new highest level since 2007.
Oil prices climbed Thursday, still impacted, at least in part, by predictions or perceptions relating to events in the Persian Gulf and broader Middle East. U.S. benchmark West Texas Intermediate (WTI) crude rose 3.2% to $95.10 late-afternoon and international benchmark Brent crude futures climbed 4.1% to $107.30.
The U.S. dollar index rose 0.2% to 101.27 against a selection of foreign currencies. Gold futures fell 0.2% lower to $4,310 per ounce.
Hopes for a negotiated U.S.-Iranian deal continue to be frustrated by actual attacks, or threats of intensified attacks, with violence also spilling over to third parties, such as Houthi attacks on Saudi Arabia. Related concerns persist over the safety and usability of the Strait of Hormuz or alternate petroleum transport options such as pipelines.
Meanwhile, prior to today’s new 19-year high for the 10-year Treasury yield, the same data point had jumped more than 14 basis points yesterday. That impact had come after U.S. economic expansion data, Flash PMI for both manufacturing and services, exceeded expectations, prompting fears that the Federal Reserve will keep raising rates hoping to curb growth-related inflation.
In the News
- Dow Industrials Slip In Muted Session; Treasury Yields Rise — Markets News, Sept. 24, 2026: Dow Closes Lower for 3rd Straight Session; Treasury Yields, Oil Prices Rise – Investopedia
- Stocks trim losses as hopes of Hormuz deal offset rising bond yields; inflation fears and rising bond yields outweighed hopes for Middle East diplomacy and for the artificial intelligence boom to continue its run – Yahoo
- Stocks Struggle as Bond Woes Get Worse – Barron’s
- Dow falls for a third day as bond yields hit fresh highs – CNBC
- Dow falls, S&P 500 and Nasdaq end flat as 10-year Treasury yield nears 5.2% – MarketWatch
- Stock Market Today, Sept. 24: Oracle Stock Dips As it Issues Force Majeure Notice on Project Jupiter Data Center; Today, Sept. 24, 2026, the enterprise cloud giant filed to shield itself from cost and payment risk as the New Mexico facility faces public opposition and permitting delays – Motley Fool
- History shows financial calamities occur when rates rise rapidly like this: ‘Something always breaks’ – CNBC
- Global bond selloff rolls on, US 30-year yield at highest since 2004 – Reuters
- Fed rate hike cycles have a history of denting US stock prices – Reuters
- Surging Treasury yields pose a brand new problem for Kevin Warsh and the Fed – CNBC
- U.S., Iran said to be exploring phased deal to open Hormuz – Bloomberg/Yahoo
- Oil prices settle up about 3% as Houthi attack on Saudi Arabia lifts supply fears – Reuters
- The Triple Threat Driving Bond Yields to Multi-Year Highs – Barron’s
- Mortgage rates are at their highest level in over two years – Yahoo
- How High Can Mortgage Rates Go? How Does 9% Sound to You? Freddie Mac’s weekly survey of fixed 30-year mortgage rates rose to 7.03% this week — the highest level since January 2025. Economists say they could go a whole lot higher. – Barron’s
- [PDF] S&P Global US Flash PMI®; Business growth surges to fastest for over five years and job gains accelerate, but price pressures also intensify amid spike in costs – SPC Global
- NASDAQ Composite Index (COMP) – NASDAQ
- NASDAQ 100 – NASDAQ
- S&P 500 – Yahoo Finance
- U.S. Stock Market Today – Fox
- Stock Market Indexes Today – Motley Fool
- Dow Jones Industrial Average – Yahoo Finance
- Dow Jones Industrial Average – S&P Global DJIA
- NYSE Composite – New York Stock Exchange
- U.S. 10 Year Treasury Note – MarketWatch
- CME Group West Texas Intermediate (WTI) Light Sweet Crude Oil futures
- ICE Brent Crude Futures
- PMI by S&P Global
