US stocks fall after bond yields jump on higher oil prices and a strong economic report
United States stocks moved lower following an increase in Treasury yields and a bounce in oil prices that ended a recent losing streak. The 10-year Treasury yield climbed to 5.14 percent after strong September business activity data crossed the wires. Technology shares retreated while Wall Street weighed the possibility of tighter monetary policy from the Federal Reserve. Investors grew more nervous about rising inflation pressures. Markets ultimately finished the session close to where they started following the choppy trading conditions.
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- ✓ US stocks fell after bond yields jumped on higher oil prices and a strong economic report.
- ✓ The 10-year Treasury yield climbed to 5.14% following strong September business activity data.
- ✓ Brent crude ended a run of losses.
- ✓ Technology shares retreated during the session.
What changed
Oil prices halted a weeklong drop, pushing bond yields higher and dragging down US stocks.
Live updates
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US Stocks Slip as Bond Yields and Oil Prices Rise
United States stocks moved lower following an increase in Treasury yields and a bounce in oil prices that ended a recent losing streak. The 10-year Treasury yield climbed to 5.14 percent after strong September business activity data crossed the wires. Technology shares retreated while Wall Street weighed the possibility of tighter monetary policy from the Federal Reserve. Investors grew more nervous about rising inflation pressures. Markets ultimately finished the session close to where they started following the choppy trading conditions.
Why it matters
Wall Street faced renewed pressure as the bond market reacted to economic indicators pointing toward persistent inflation. Investors worry that robust business activity will force the Federal Reserve to implement further interest rate hikes. This shift halted a recent market rally and weighed heavily on technology equities.
What is confirmed
- US stocks fell after bond yields jumped on higher oil prices and a strong economic report.
- The 10-year Treasury yield climbed to 5.14% following strong September business activity data.
- Brent crude ended a run of losses.
- Technology shares retreated during the session.
Still unconfirmed
- Investors are increasingly nervous that rising inflation could require the Federal Reserve to hike interest rates.
What to watch next
- Further movements in the 10-year Treasury yield
- Future economic reports regarding inflation and business activity
- Upcoming policy signals from the Federal Reserve
confidence 100%Sources used for this update (10)
- www.investors.com — Stock Market Today: Stock Market News And Analysis
- CNBC — Stock futures are little changed after Nasdaq Composite posts fresh record: Live updates
- Bloomberg.com — Stocks and Bonds Drift as Brent Ends Run of Losses: Markets Wrap
- Reuters — Wall St set to open lower as oil, bond yields tick up
- Yahoo Finance — Tech retreats as Treasury yields and oil climb: AlphaCheck
- apnews.com — US stocks drift after oil prices halt their weeklong drop
- www.cbsnews.com — Why the bond market is freaking out, and what it means for your money
- www.bostonherald.com — A shaky day for oil prices and the bond market leaves US stocks not far from where they started
- finance.yahoo.com — Himax, Power Integrations, MACOM, onsemi, and Microchip Technology Shares Are Falling, What You Need To Know
- markets.financialcontent.com — Lam Research, Marvell Technology, Western Digital, FormFactor, and Penguin Solutions Shares Are Falling, What You Need To Know
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