Stocks Mixed as Tech Outperforms Amid Rising Yields; Oil Plunges 9%
MarketsFN Team
Tech Resilience Offsets Broad Market Weakness as Oil Crashes on Demand Fears
US equities closed mixed Tuesday as the Nasdaq 100 eked out a 0.21% gain while the Dow and S&P 500 slipped, with energy stocks dragging benchmarks lower after Brent crude crashed 9.03% to $95.77. The dollar strengthened as Treasury yields hit multi-year highs, with the 30-year bond yield scaling levels last seen in 2002.
🇺🇸 US Session Overview
The S&P 500 dipped 0.17% to 7,670.84 as energy shares tumbled with oil prices, while the Dow Jones fell 0.26% to 51,349.92. Small caps underperformed with the Russell 2000 dropping 0.35%. Tech showed relative strength as the Nasdaq 100 rose 0.21% to 30,339.33, supported by AI-related optimism after former President Trump announced a "morally binding" tech leader agreement on AI development.
📅 Economic Calendar Highlights
US consumer confidence disappointed at 81.9 versus 89.2 expected, while JOLTS job openings fell to 7.079M in August. Housing data showed the S&P/CS 20-city home price index rose 2.5% YoY, slightly above forecasts. Internationally, Spain's inflation accelerated to 4.9% YoY, while Italy's 10-year bond auction saw yields spike to 4.58% from 4.10% previously.
📋 Earnings Spotlight
Today's earnings calendar featured pre-market reports from Carmax (KKMX) and Uranium Energy (UUEC), with Concentrix (CCNXC) reporting after the close. No major surprises moved markets significantly.
💱 FX & Commodities
The DXY dollar index gained ground as the EUR/USD fell 0.35% to 1.1338 and USD/CHF jumped 0.54%. Gold plunged 2.65% to $4,206.70 amid rising yields, while silver bucked the trend with a 0.87% gain. Energy markets saw extreme volatility with WTI crude down 3.75% at $89.13 and Brent collapsing 9.03% on demand concerns.
Markets now look ahead to Wednesday's PCE inflation data - the Fed's preferred gauge - with traders also monitoring whether 30-year Treasury yields will extend their ascent beyond 2002 levels. Asian markets open with focus on whether China's PMI data can spark a rebound in oil prices after today's historic selloff.
🇺🇸 US Indices — Session Close
| Index | Price | Change | Change % |
|---|---|---|---|
| S&P 500 | 7,670.84 | ▼ -12.85 | ▼ -0.17% |
| Nasdaq 100 | 30,339.33 | ▲ +62.52 | ▲ +0.21% |
| Dow Jones | 51,349.92 | ▼ -131.59 | ▼ -0.26% |
| Russell 2000 | 2,807.92 | ▼ -9.99 | ▼ -0.35% |
💱 FX Majors
| Pair | Rate | Change % |
|---|---|---|
| EUR/USD | 1.1338 | ▼ -0.35% |
| GBP/USD | 1.3227 | ▼ -0.02% |
| USD/JPY | 157.37 | ▼ -0.06% |
| AUD/USD | 0.6988 | ▼ -0.30% |
| USD/CHF | 0.8342 | ▲ +0.54% |
🛢️ Commodities & Crypto
| Asset | Price (USD) | Change % |
|---|---|---|
| Gold (XAU/USD) | 4,206.70 | ▼ -2.65% |
| Silver (XAG/USD) | 61.76 | ▲ +0.87% |
| Crude Oil (WTI) | 89.13 | ▼ -3.75% |
| Brent Oil | 95.77 | ▼ -9.03% |
| Natural Gas | 3.01 | ▲ +0.43% |
| Bitcoin | 83,598.54 | ▲ +0.11% |
| Ethereum | 2,692.62 | ▲ +0.15% |
📋 Today's Earnings
| Ticker | Company | Timing | Market Cap |
|---|---|---|---|
| CCAST | Freecast Inc | BMO | 55670000.0 |
| CCCL | Carnival Corp Ltd | BMO | 34390000000.0 |
| IIPX | IperionX Ltd ADR | BMO | 662830000.0 |
| KKMX | Carmax Inc | BMO | 8410000000.0 |
| TTAOP | Taoping Inc | BMO | 4400000.0 |
| UUEC | Uranium Energy Corp | BMO | 4600000000.0 |
| CCNXC | Concentrix Corp | AMC | 1520000000.0 |
📅 Economic Calendar
All times in UTC — Actual highlighted where available
| Time | Currency | Event | Imp. | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| 04:30 | AUD | RBA Interest Rate Decision (Sep) | 🔴🔴🔴 | 4.60% | 4.60% | 4.35% |
| 14:00 | USD | CB Consumer Confidence (Sep) | 🔴🔴🔴 | 81.9 | 89.2 | 88.6 |
| 14:00 | USD | JOLTS Job Openings (Aug) | 🔴🔴🔴 | 7.079M | 7.230M | 7.335M |
| 07:00 | CHF | KOF Leading Indicators (Sep) | 🟡🟡 | 109.1 | 106.0 | 107.5 |
| 07:00 | EUR | Spanish CPI (YoY) (Sep) | 🟡🟡 | 4.9% | 4.6% | 4.3% |
| 07:00 | EUR | Spanish HICP (YoY) (Sep) | 🟡🟡 | 5.0% | 4.6% | |
| 09:30 | EUR | Italian 10-Year BTP Auction | 🟡🟡 | 4.58% | 4.10% | |
| 10:00 | EUR | France Jobseekers Total (Aug) | 🟡🟡 | 3,081.7K | 3,143.0K | |
| 12:00 | BRL | Unemployment Rate (Aug) | 🟡🟡 | 5.3% | 5.3% | 5.3% |
| 12:30 | CAD | GDP (MoM) (Jul) | 🟡🟡 | 0.0% | 0.0% | 0.3% |
| 12:31 | CAD | GDP (MoM) (Aug) | 🟡🟡 | 0.2% | 0.0% | |
| 13:00 | USD | S&P/CS HPI Composite - 20 n.s.a. (YoY) (Jul) | 🟡🟡 | 2.5% | 2.2% | 2.2% |
| 13:00 | USD | S&P/CS HPI Composite - 20 n.s.a. (MoM) (Jul) | 🟡🟡 | 0.0% | 0.4% | |
| 01:30 | AUD | RBA Rate Statement | 🟡🟡 | — | ||
| 10:00 | EUR | German Buba Mauderer Speaks | 🟡🟡 | — | ||
| 10:00 | EUR | German Buba President Nagel Speaks | 🟡🟡 | — | ||
| 11:00 | EUR | ECB President Lagarde Speaks | 🟡🟡 | — | ||
| 15:00 | GBP | BoE MPC Member Mann Speaks | 🟡🟡 | — | ||
| 15:00 | USD | FOMC Member Bowman Speaks | 🟡🟡 | — | ||
| 16:40 | USD | Fed Vice Chair for Supervision Barr Speaks | 🟡🟡 | — | ||
| 18:00 | USD | FOMC Member Williams Speaks | 🟡🟡 | — | ||
| 18:00 | EUR | ECB's Lane Speaks | 🟡🟡 | — | ||
| 19:00 | USD | Fed Waller Speaks | 🟡🟡 | — | ||
| 20:30 | USD | API Weekly Crude Oil Stock | 🟡🟡 | — | -1.900M | 1.786M |
| 23:50 | JPY | Industrial Production (MoM) (Aug) | 🟡🟡 | — | 1.4% | -0.2% |
Report published: September 29, 2026 — 22:20 CET
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