{
  "id": 10808275,
  "title": "Oil down, stocks lower as bond yields rise",
  "url": "https://urgent.news/2026/09/29/oil-down-stocks-lower-as-bond-yields-rise",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T22:38:49.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/business/energy/oil-down-stocks-lower-as-bond-yields-rise-1.500691512"
  },
  "original_language": "en",
  "account": "Investors faced a mixed market Tuesday as US and European stocks slipped, propelled by higher bond yields. The 30-year Treasury yield hit 5.62 percent, its highest level in 24 years, while the 10-year yield sat at 5.25 percent, the peak since 2007. Despite a slight dip in energy prices, bond yields remained firm. Art Hogan from B. Riley Wealth Management noted that persistent higher yields could pose a significant obstacle for investors, a concern that has persisted for months. The Dow Jones dropped 0.26 percent, the Nasdaq fell 0.09 percent, and the broader S&P 500 index declined 0.17 percent. Oil prices, after surging on Monday, retreated on Tuesday, with the US benchmark West Texas Intermediate crude trading around $89 per barrel and Brent crude hovering above $102 per barrel. Traders now await key inflation data, with the Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index, set to release figures on Wednesday, alongside official jobs numbers on Friday. Even with Federal Reserve President Michelle Bowman suggesting that urgency is not required to raise interest rates, a potential increase may still be necessary later in the year. The central bank had already raised the key interest rate by 25 basis points earlier this month to battle high inflation. Yet, oil prices plunged on Tuesday, reflecting optimism that Middle East tensions might ease, and Saudi pipeline flows resuming to counteract disruption through the Strait of Hormuz. Brent crude was trading near $102 per barrel, while WTI was approximately $89 per barrel. Additionally, the US consumer confidence index fell sharply in September, dipping to a level not seen since 2014, causing further sentiment decline.",
  "summary": "Stocks drop and oil rises as Hormuz hopes fade",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "RTHK News - Finance",
        "title": "US stocks fall as bond yields rise",
        "url": "https://urgent.news/2026/09/29/us-stocks-fall-as-bond-yields-rise",
        "published": "2026-09-29T22:48:01.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}