US Stocks Drop for 4th Day as Oil Tops $105 and 10-Year Yield Hits 4.91%
Updated
Updated · Yahoo Finance · Sep 10
US Stocks Drop for 4th Day as Oil Tops $105 and 10-Year Yield Hits 4.91%
3 articles · Updated · Yahoo Finance · Sep 10
Summary
All three major US indexes fell about 0.6% on Thursday, extending their losing streak to four sessions as investors absorbed another jump in energy prices and bond yields.
Brent crude pushed above $105 and the 10-year Treasury yield climbed to 4.91%—its highest since 2023—fueling fears that the US-Iran war and Strait of Hormuz disruptions could feed a broader inflation shock.
August producer prices rose 0.4% month on month and 5.4% from a year earlier, largely matching forecasts but keeping attention on Friday's CPI report and next week's Fed decision.
Rate-hike expectations kept building, with the 2-year yield rising to 4.53% and market pricing implying roughly a two-thirds chance the Fed tightens again.