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2026-09-23

Stocks Slide as 10-Year Yield Hits Highest Since 2007

Stock Heatmap
Size = market cap (square-root scaled within sectors) · Color = day's change · Click a sector name to zoom, a tile to open the stock
Zoom into Information TechnologyInformation TechnologyNVDA-1.5%AAPL-0.8%MSFT+0.5%AVGO-2.6%MU-2.2%AMD-1.5%INTC-1.0%PLTR+3.7%CSCO-0.0%ORCL-3.1%AMAT+0.4%LRCX-1.2%DELL+0.2%PANW+5.0%CRWD+5.0%ANET-0.8%TXN+0.5%KLAC-0.2%MRVL-0.6%SNDK-3.7%SHOP-3.7%APH-0.8%IBM+0.6%ADI-1.3%CRM+1.8%QCOM-0.5%WDC+2.0%STX+0.4%NOWFTNTGLW-3.3%ACN-0.1%DDOG+1.6%LITE-0.9%SNPS+0.9%HPE+2.1%CDNSADBEINTUMSIMPWRKEYSMSTRCIENTELTERMCHPWDAYROPJBLZoom into Communication ServicesCommunication ServicesGOOGL-3.8%GOOG-3.6%META+1.0%NFLX-1.1%DIS-0.3%VZ+0.1%TMUS+2.0%TAPPCMCSALYVTTWOTKORDDTECHOFOXAFOXOMCNWSZoom into FinancialsFinancialsBRK.BJPMVMABACMSGSWFCCAXPZoom into IndustrialsIndustrialsSPCX-4.1%Zoom into Consumer DiscretionaryConsumer DiscretionaryAMZN-2.2%TSLA+0.3%HD-2.8%MCDTJXSBUXABNBMELIMARDASHZoom into Health CareHealth CareLLY-1.6%JNJ-0.0%ABBVMRKUNHTMOZoom into Consumer StaplesConsumer StaplesWMT+0.4%COSTKOZoom into EnergyEnergyXOM+1.6%CVXZoom into UtilitiesUtilitiesZoom into Real EstateReal EstateZoom into MaterialsMaterials
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Market Summary

Market & SentimentA risk-off session: the Russell 2000 fell 1.84%, the Nasdaq 100 0.84% and the S&P 500 0.72%. Breadth was weak, with 326 decliners against 165 advancers and only 28.6% of stocks above their 50-day average. Just 10 new highs versus 39 new lows. The 10-year Treasury yield at 5.11%, its highest since 2007, and a nearly 2% oil rise on Iran tensions drove the selling.

Sectors & StocksEnergy was the lone gainer, up 1.02%, as oil rose almost 2% on Iran's vow not to surrender. Communication services fell 2.53% and utilities 1.87%. Cybersecurity broke away: Palo Alto Networks rose 5% on its Unit 42 AI defense launch, CrowdStrike 4.97% to a 52-week high, and Palantir 3.68% after an FAA AI flight-management vote. Travel names were hit hard as Meta's Muse agent threatened to bypass aggregators: Airbnb fell 7.56% and Booking Holdings 5.07%. McDonald's dropped 4.81% on its $8.5 billion franchisee support plan.

Rates, FX & CryptoThe 10-year yield jumped 15bp to 5.11% and the 2-year rose 14bp to 4.85%, leaving the 2s10s spread at 26bp. The dollar strengthened to a near two-month high on Fed hike expectations and rising oil; USD/CNY rose 0.11% to 6.7074, a weaker yuan, while EUR/USD fell 0.45%. Crypto sold off with the broader risk move: Bitcoin dropped 2.02% to $84,443 and Ether 2.43% to $2,685.

Earnings & AnnouncementsCintas raised its full-year outlook after a fiscal first-quarter beat, with revenue up 10.9% to $3.01 billion. Microsoft pledged $10 billion in Gulf cloud and AI investment by 2030. Eli Lilly slipped as a $6.5 billion plant backs oral GLP-1 scale. Oracle dropped on a 37bp premium for AI-related debt. No FinDog view changes today. Costco and Darden report tomorrow.

What to Watch Next Trading Day
  • Costco and Darden earnings; 10-year yield near 5.11%
  • Oil and Middle East headlines
  • Meta Muse impact on travel and e-commerce
Top News
  1. US stocks fall as 10-year Treasury yield hits highest since 2007
    The 10-year yield reached 5.11%, its highest since 2007, pressuring equities across the board and weighing most on rate-sensitive small caps and utilities.
    Reuters09-23 01:51 UTC
  2. Oil up almost 2% as Iran's president vows to never surrender
    Crude rose nearly 2% after Iran's president rejected surrender, lifting energy stocks and adding to inflation concerns from higher fuel costs.
    Reuters09-23 01:44 UTC
  3. Dollar jumps to near two-month high on Fed outlook, oil climb
    The dollar strengthened to a near two-month high on Fed rate expectations and rising oil, pressuring emerging-market currencies and dollar-denominated assets.
    Reuters09-23 01:43 UTC
  4. Trump supports diesel export ban as fuel prices hit records
    Trump backed a diesel export ban as fuel prices hit records, a potential policy shift that could affect refiners and energy exporters.
    Reuters09-22 23:22 UTC
  5. Travel booking stocks tumble as Muse threatens to bypass them
    Meta's new AI agent can book flights and hotels without visiting Expedia, Airbnb or Booking, raising questions about the aggregator model. Expedia fell 7%, Airbnb 6% and Booking 5%.
    ABNBBKNGEXPEMETAYahoo09-23 18:08 UTC
  6. McDonald's shares plunge on $8.5 billion franchisee support plan
    McDonald's fell 6.1% after outlining its NEXT strategy and pledging about $8.5 billion in franchisee support, raising concerns about near-term margins and capital allocation.
    MCDYahoo09-23 18:49 UTC
  7. Microsoft pledges $10 billion in Gulf cloud and AI investment by 2030
    Microsoft committed $10 billion to cloud and AI infrastructure in Kuwait, Qatar, Saudi Arabia and the UAE by 2030, including over $400 million for connectivity.
    MSFTYahoo09-23 18:00 UTC
  8. IonQ rallies on quantum breakthrough and Nvidia collaboration
    IonQ shares rose 5% after announcing a real-time end-to-end error decoder breakthrough and a new collaboration with Nvidia, boosting quantum computing sentiment.
    NVDAYahoo09-23 15:40 UTC
  9. Cintas raises full-year outlook following fiscal first-quarter beat
    Cintas beat fiscal first-quarter estimates and raised full-year guidance, with revenue up 10.9% to $3.01 billion, the first quarter above $3 billion.
    CTASYahoo09-23 16:43 UTC
  10. Eli Lilly slips as $6.5 billion plant backs oral GLP-1 scale
    Eli Lilly fell as it detailed a $6.5 billion Houston plant to produce ingredients for its oral GLP-1, linking manufacturing capacity to a planned global rollout.
    LLYYahoo09-23 18:00 UTC

Stories are selected and summarized by AI from the day's news coverage. Click a headline to read the original. Not investment advice.

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