Country: US | Published: 2026-09-24
US stocks slipped as bond yields pushed above the 5% mark, pressuring growth and rate-sensitive names from homebuilders' cousins in tech to consumer names like CMG and PEP. Oil cli
US stocks slipped as bond yields pushed above the 5% mark, pressuring growth and rate-sensitive names from homebuilders' cousins in tech to consumer names like CMG and PEP. Oil climbed even as the US and Iran reportedly discuss reopening the Strait of Hormuz, feeding worries the Fed may need to keep rates higher for longer, though weekly jobless claims near multi-decade lows point to a still-solid labor market. Beneath the macro drag, stock-specific stories stood out: Cloudflare rallied on strong revenue growth, Quanta Services rose on an analyst upgrade, and GitLab fell after a security flaw disclosure.