Country: US | Published: 2026-09-16
U.S. stocks closed lower as oil prices spiked and the benchmark Treasury yield pushed above 5%, pressuring growth and tech names while defensive sectors found some footing. Energy
U.S. stocks closed lower as oil prices spiked and the benchmark Treasury yield pushed above 5%, pressuring growth and tech names while defensive sectors found some footing. Energy majors moved in the opposite direction, with several oil companies hitting fresh highs on supply worries and expansion plans. Markets have largely locked in expectations for a Fed rate hike, and a record-high private debt default rate added to concerns about credit strain under tighter financial conditions.