U.S. Stock Indexes Drop Fourth Consecutive Day; Oil and Treasury Yields Rise
On September 10, 2026, major U.S. stock indexes closed lower for the fourth consecutive session amid growing expectations that the Federal Reserve will raise interest rates at its upcoming meeting. The Nasdaq Composite fell 0.7%, while both the Dow Jones Industrial Average and S&P 500 dropped by 0.6%. This decline was driven in part by a stronger-than-expected Producer Price Index (PPI) report, which showed wholesale inflation rising to 5.4% year-over-year—above forecasts—and increased investor concerns about continued rate hikes. The rise in Treasury yields also accelerated, with the yield on the 10-year note reaching above 4.95%, its highest intraday level since October 2023. This was fueled by a smaller-than-expected $5.187 billion buyback of long-term bonds by the U.S. Treasury. Analysts noted that ongoing tensions with Iran are contributing to inflationary pressures, making it more likely for the Fed to raise rates next week. Oil prices surged as well, with Brent crude and West Texas Intermediate both crossing $100 per barrel after reports suggested a prolonged conflict in Iran could continue under President Trump’s term. Chip stocks were among the hardest-hit sectors, while some tech giants like Apple saw modest gains.
Topics: Federal Reserve rate expectations inflation data (PPI) oil prices Treasury yields U.S. stock indexes