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Tech stocks retreat as Treasury yields and oil prices climb
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Stocks fell on Wednesday, September 23, 2026, as oil prices edged higher and Treasury yields climbed after President Trump said he would support a US diesel export ban. The 10-year Treasury yield rose to 4.99%, while Brent crude futures for November delivery climbed back toward $100 per barrel, stoking concerns about persistent inflation. The Nasdaq Composite pulled back after hitting back-to-back record highs, and tech stocks (XLK) also slipped. Meta stock extended gains amid an explosive rally driven by enthusiasm for the company's new AI agent, Muse. Shares of chipmaker AMD slipped after crossing the $1 trillion valuation threshold earlier this week. Bitcoin fell 1% to hover above $85,000. Investors are awaiting key meetings between the US and China this week, with a focus on a capstone meeting with Chinese President Xi Jinping expected in Washington on Thursday.
Source report
Author: Ines Ferré, Senior Business Reporter Source: Yahoo Finance
Stocks fell on Wednesday as oil prices edged higher and Treasury yields climbed after President Trump said he would support a US diesel export ban.
The 10-year Treasury yield (^TNX) rose to 4.99%, while Brent futures for November delivery climbed back toward $100 per barrel, stoking concerns about persistent inflation.
Investors are awaiting key meetings between the US and China this week, with a focus on the capstone meeting with Chinese President Xi Jinping, expected in Washington on Thursday.
Market Snapshot (Early Trading)
- Nasdaq Composite (^IXIC): Pulled back after hitting back-to-back record highs.
- Tech stocks (XLK): Slipped.
- Meta (META): Extended gains amid an explosive rally this week, driven by enthusiasm for the company's new AI agent, Muse.
- AMD (AMD): Shares slipped after the company crossed the $1 trillion valuation threshold earlier this week.
- Bitcoin (BTC-USD): Fell 1% to hover above $85,000 following a major rally in recent sessions.
Other Stocks in Focus
Yahoo Finance readers are also viewing the following stocks this morning:
- IonQ (IONQ)
- Alibaba (BABA)
- General Mills (GIS)
Ines Ferre is a Senior Business Reporter for Yahoo Finance covering the US stock market, publicly traded companies, and commodities.
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Source
Yahoo FinanceWestern
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