{
  "id": 9414764,
  "title": "Wall Street ends down as oil prices, Treasury yields rise",
  "url": "https://urgent.news/2026/09/23/wall-street-ends-down-as-oil-prices-treasury-yields-rise",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T20:50:11.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/companies-markets/wall-street-ends-down-as-oil-prices-treasury-yields-rise"
  },
  "original_language": "en",
  "account": "The closing bell rang lower on Wall Street on Sept 23, as a mix of factors pulled down the financial markets. Alphabet and Amazon were among the biggest drags, while Iran’s president warned Tehran would never yield to US pressure. Oil prices surged almost 4 percent, and the S&P 500 energy sector index followed suit after the Iranian leader’s UN speech, a day after Trump threatened to “annihilate” Iran. A survey indicated US business activity surged to a five-year high in September, spurring government bond yields upward and heightening expectations of interest rate hikes from the Federal Reserve at its October meeting. Two-year Treasuries hit their highest since 2024, while 10-year yields rose to their highest since 2007. Strategist Lauren Cassidy of Founders 100 ETF in Dallas said the stock market yearned for a Middle East conflict resolution; if that didn’t materialize, ongoing higher rates would continue to weigh on equities. Meta Platforms gained 1 percent, extending its weekly gain to 12 percent following strong reviews of its “Muse” AI assistant, potentially benefiting tech infrastructure stocks and challenging banks, online shopping platforms, and other consumer businesses. Alphabet’s shares fell 3.8 percent, while Amazon dropped 2.2 percent after blocking Muse on its shopping platform. The PHLX chip index slipped 1.2 percent, with Nvidia down 1.5 percent. Expedia and Airbnb both declined more than 7 percent. The Nasdaq recorded record-high closes in the two prior sessions, as Wall Street remained bullish on AI-related companies. The S&P 500 ended the day 0.75 percent lower at 7,706.05 points, the Nasdaq fell 1.13 percent to 26,936.04 points, and the Dow Jones Industrial Average declined 0.68 percent to 51,511.59 points. Nine of the 11 S&P 500 sector indexes slipped, led by utilities down 1.72 percent and communication services down 1.49 percent. Trading activity was brisk, with 17 billion shares changing hands, compared to an average of 16.5 billion over the previous 20 sessions. The S&P 500 trades just under 19 times expected earnings, its lowest valuation since 2023, according to LSEG data. AI-related giants have driven much of the recent surge in earnings expectations. Federal Reserve Governor Michael Barr suggested the central bank may need to enact further rate increases as inflation remains above its 2 percent target, pushing traders to a 71 percent chance of a Fed rate hike at the upcoming meeting, as per the CME Group’s FedWatch Tool. Casual dining chain Cracker Barrel lifted 4.5 percent after surpassing fourth-quarter sales forecasts. Paychex slipped 8.8 percent after its HR and payroll services arm missed first-quarter revenue estimates. More stocks declined than advanced within the S&P 500, a 1.9-to-1 ratio. The S&P 500 recorded 14 new highs and 33 new lows; the Nasdaq logged 41 new highs and 186 new lows.",
  "summary": "The Dow Jones Industrial Average declined 0.68 per cent to 51,511.59 points.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Wall Street ends down as oil prices, Treasury yields rise",
        "url": "https://urgent.news/2026/09/23/wall-street-ends-down-as-oil-prices-treasury-yields-rise-9422586",
        "published": "2026-09-23T21:53:16.000Z"
      }
    ]
  },
  "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."
}