{
  "id": 9372039,
  "title": "Dow Jones Industrial Average keeps sliding as yields climb on a strong PMI",
  "url": "https://urgent.news/2026/09/23/dow-jones-industrial-average-keeps-sliding-as-yields-climb-on-a",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T16:06:55.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/dow-jones-industrial-average-keeps-sliding-as-yields-climb-on-a-strong-pmi-202609231606"
  },
  "original_language": "en",
  "account": "The Dow Jones Industrial Average has been experiencing a decline as interest rates rise due to solid Purchasing Managers Index (PMI) readings. Manufacturing and services sectors both showed strength, with manufacturing at 57 (above 53.5 forecast) and services at 58.7 (above 56). The index currently trades around 51,500, after losing a significant portion of its June-to-August rally. It comprises 30 companies that operate in economies surveyed by the PMI, which has led to a decrease in its value. McDonald's, for example, suffered the biggest fall in the index due to an investor day commitment of $8.5 billion to franchisee support through 2036.\n\nThe S&P 500 and NASDAQ Composite are also lower, reflecting market-wide selling rather than just one company's performance. The same PMI survey reported price gauges at their highest since October 2022, while the 10-year Treasury yield climbed above 5%, its highest since July 2007. Federal Reserve Governor James Bullard suggested further rate increases may be necessary, claiming inflation has not returned to the 2% target. This prompted Fed decisions on interest rates, which are expected to increase four more times by July 2027, with no rate cuts likely by the end of 2027.\n\nFactors such as AI investment, tariffs, and the Middle East war have contributed to the price surge, pushing the NASDAQ Composite to a record close and driving the Dow Jones Industrial Average down. The index has a few resistance levels and strong support levels. The short-term bias is negative below 52,000, with the September 16 low near 51,200 as the primary objective. The Daily Stochastic Relative Strength Index (Stoch RSI) is near 21 and falling, indicating an oversold reading. A daily close above 52,000 would end the short case.",
  "summary": "The strongest S&P Global flash Purchasing Managers Index (PMI) readings since 2021 have done nothing for the Dow Jones Industrial Average. Manufacturing came in at 57 against a 53.5 forecast and services at 58.7 against 56.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}