Stocks Mixed Amid Rising Crude Oil Prices and Bond Yields
U.S. stock indexes showed mixed performance on September 18, with the Nasdaq 100 rising to a one-week high while the S&P 500 and Dow Jones declined slightly. The market was influenced by higher crude oil prices, which rose over 1%, increasing inflation concerns and pushing up bond yields. The yield on the 10-year Treasury note climbed five basis points to 4.99%. Despite these pressures, strength in chipmakers and AI-infrastructure stocks helped limit losses. The market was also affected by weaker-than-expected U.S. manufacturing data for August, which fell 0.3% month-over-month—its largest drop in ten months—and raised concerns about economic growth. Market volatility increased due to triple witching, a quarterly event where large volumes of options and futures expire. Index rebalancing added companies like Bloom Energy and Illumina to the S&P 500 after market close. Overseas markets were mixed as well, with European stocks declining while Asian indices rose to one-week highs.
Topics: bond yields crude oil prices stock market triple witching