Today's Recap · Thursday, September 24, 2026
Stocks slip as yields jump and Wall Street prices in more Fed risk
The S&P 500, Nasdaq, and Dow all finished lower while the 10-year Treasury yield hit a new high and tech led the market.
The big picture. U.S. stocks finished lower after a choppy session. The S&P 500 fell 0.8% to 7,706.0, the Nasdaq Composite lost 0.7% to 26,936.0, and the Dow dropped 1.0% to 51,511.6. The Russell 2000 fell 1.3%.
The move came alongside a sharp jump in rates. The 10-year Treasury yield rose 3.0% to 5.114, while the 5-year yield climbed 3.4% to 4.997 and the 30-year yield gained 2.0% to 5.401. CNBC Markets said the spike reflects new services and manufacturing data that raised worry about more Federal Reserve rate hikes.
Sector performance was mixed, with Tech up 2.9%, Comm Svcs up 3.9%, and Discretionary up 1.3% leading the tape. Financials fell 2.0%, Energy lost 1.1%, and Real Estate rose 1.0% even as rate pressure built.
Overseas, most major benchmarks moved higher. The Nikkei 225 rose 1.2%, Hang Seng gained 1.2%, Shanghai added 1.0%, Kospi climbed 1.7%, and the DAX, FTSE 100, and Stoxx 600 all finished up more than 1.0%. The ASX 200 was the main laggard among the large global indexes shown, down 0.9%.
Crypto sold off with the rest of the risk trade. Bitcoin fell 2.1% to 84,347.6, Ethereum dropped 2.4% to 2,687.4, Solana lost 2.7%, and Dogecoin slid 7.3%. The total crypto market cap fell 4.9% to $2.9T, while Bitcoin dominance held at 58.8%.