Live News EQUITY ARTICLE H impact Sep 10, 2026, 06:20 PM UTC

Wall Street dips as Treasury yields rise and inflation worries mount

U.S. stocks fell on Thursday after August producer price data and surging oil prices stoked worries the Federal Reserve will hike rates next week, while rising Treasury yields made stocks less attractive. Heavyweight chipmakers also lost ground.

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SquawkNews Newsroom 1 updates Updated Sep 10, 2026, 06:39 PM UTC

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06:39:49 PM UTC

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U.S. stocks slid at midday Thursday as a 6% spike in crude oil and a jump in long-dated Treasury yields to their highest levels since 2007 hardened bets that the Federal Reserve will raise interest rates next week. West Texas Intermediate crude jumped 5.6% to $101.43 a barrel, while Brent climbed 5.5% to $106.78. Trump told reporters Wednesday that “right after the election, oil prices are going to be tumbling downward,” while the futures curve is pricing a conflict that outlasts November. Treasuries sold off across the curve. The 10-year yield rose 8 basis points to 4.93%, its highest since 2023, while the 2-year added 9 basis points to 4.53% and the 30-year climbed 5 basis points to 5.35%, a level last seen in May 2007. The trigger was August producer prices. Headline PPI rose 0.4% month-over-month, in line with forecasts, but the annual rate accelerated to 5.4% from a revised 4.8%, topping the 5.3% consensus. CME FedWatch odds of a rate hike at next week’s meeting climbed to roughly 70% from about 62% before the release, with August CPI due Friday morning. The S&P 500 fell 0.4% to 7,605.06, while the Dow Jones Industrial Average dropped 266 points, or 0.5%, to 52,114.23. The Nasdaq 100 slipped 0.7% to 29,222.19. Apple Inc. (NASDAQ: AAPL ) was the standout among the Mag 7, rising 2.6% as the sell side lined up behind Wednesday’s foldable iPhone Duo launch. Precious metals kept sliding as the rate-hike repricing gathered pace. Gold fell 0.9% to $4,360 an ounce and silver tumbled 4.2%. Thursday’s Performance in Major US Indices Index Last % Change MTD YTD S&P 500 7,605.06 -0.4% -1.1% +11.1% Dow Jones 52,114.23 -0.5% -2.0% +8.4% Nasdaq 100 29,222.19 -0.7% -0.8% +15.7% Russell 2000 2,898.21 -0.8% -2.0% +16.8% Updated by 1:00 PM ET According to the Pro platform: The Vanguard S&P 500 ETF (NYSE: VOO ) fell 0.4%. The SPDR Dow Jones Industrial Average ETF Trust (NYSE: DIA ) slid 0.6%. The Invesco QQQ Trust (NASDAQ: QQQ ) dropped 0.7%. The iShares Russell 2000 ETF (NYSE: IWM ) declined 0.8%. Miners and Chips Crack as Copper’s Record Run Snaps The Materials Select Sector SPDR Fund (NYSE: XLB ) was the worst performer among S&P 500 sectors, down 1.3%, followed by the Technology Select Sector SPDR Fund (NYSE: XLK ), off 1.0%. The Communication Services Select Sector SPDR Fund (NYSE: XLC ) led on the upside with a 0.7% gain, with the Consumer Staples Select Sector SPDR Fund (NYSE: XLP ) up 0.3%. Notably, the Energy Select Sector SPDR Fund (NYSE: XLE ) failed to capitalize on the crude spike, easing 0.3% even as XLE holds a 47.6% year-to-date gain. The Industrials Select Sector SPDR Fund (NYSE: XLI ) and Utilities Select Sector SPDR Fund (NYSE: XLU ) each fell 0.7%. Industry funds told the sharper story. The SPDR S&P Metals & Mining ETF (NYSE: XME ) was the day’s worst, down 3.4%, with the VanEck Gold Miners ETF (NYSE: GDX ) off 2.6%, the iShares U.S. Home Construction ETF (BATS: ITB ) down 2.4% and the VanEck Semiconductor ETF (NASDAQ: SMH ) 2.3% lower. Prod

S. stocks slid at midday Thursday as a 6% spike in crude oil and a jump in long-dated Treasury yields to their highest levels since 2007 hardened bets that the Federal Reserve will raise interest rates next week. 78. Trump told reporters Wednesday that “right after the election, oil prices are going to be tumbling downward,” while the futures curve is pricing a conflict that outlasts November.

Treasuries sold off across the curve. 35%, a level last seen in May 2007. The trigger was August producer prices. 3% consensus.

CME FedWatch odds of a rate hike at next week’s meeting climbed to roughly 70% from about 62% before the release, with August CPI due Friday morning. 23. 19. Apple Inc.

6% as the sell side lined up behind Wednesday’s foldable iPhone Duo launch. Precious metals kept sliding as the rate-hike repricing gathered pace. 2%. 4%.

6%. 7%. 8%. 0%.

3%. 6% year-to-date gain. 7%. Industry funds told the sharper story.

S. 3% lower. 2%. 3%.

Skyworks Solutions Inc. 9%, and merger partner Qorvo Inc. 9% higher. AeroVironment Inc.

5 billion. UBS lifted its price target to $170 from $166 while maintaining Neutral, and BTIG, Needham and Citigroup all reiterated bullish ratings, though management left fiscal 2027 guidance unchanged. Reddit Inc. 3%.

MongoDB Inc. 4%, extending a continued bounce off the post-earnings selloff that still has MongoDB roughly 13% below its pre-print level. The Cooper Companies Inc. 7%.

252 billion in revenue. ” William Blair, Piper Sandler and Baird all downgraded the stock Thursday, with Baird cutting its target to $61 from $85. Lincoln Electric Holdings Inc. 2% after CFO Gabriel Bruno cut third-quarter incremental margin guidance to the “low 20s” from the “mid-20s” flagged on the July 30 call, blaming inflation, logistics and component costs at the Jefferies Global Industrials Conference.

Roughly 100 basis points of new pricing does not fully mature until the fourth quarter, keeping price/cost negative near term. 2% lower, snapping a five-session run on a report that the White House has not yet decided on refined copper tariffs. Freeport-McMoRan Inc. 1% and peer Southern Copper Corp.

7%. Almonty Industries Inc. 2%, moving with a broad critical-minerals liquidation that also hit MP Materials Corp. (NYSE: MP ) Elsewhere, Elevance Health Inc.

1% after reaffirming full-year 2026 guidance, while Macy’s Inc. (NYSE: M