Bond Rout Deepens as 30-Year Yield Hits Highest Since 2004; Stocks Split
Hyperdash NewsMacroA widening Treasury selloff dominated Wall Street, driving the 30-year yield to its highest level since 2004 and pressuring rate-sensitive shares. The S&P 500 finished flat at 7,704, the Nasdaq eked out a gain at 26,939, and small caps bore the brunt of the rout.
Scoreboard
- S&P 500 7,704 (-0.03%)
- Euro Stoxx 50 6,272 (-0.43%)
- Nikkei 225 65,514 (+0.76%)
- Gold 4,310 (-0.20%)
- WTI 95.11 (+3.20%)
- US 10Y 5.200% (+9bp)
- DXY 101.2690 (+0.17%)
- Bitcoin 84,330 (+0.00%)
- VIX 15.64 (+3.03%)
- DE 10Y 3.600% (+0bp)
The bond market set the tone, with the US 10Y yield climbing +9bp to 5.200% as the long-end selloff extended and the 30-year reached a level last seen in 2004. Small caps were hammered as higher borrowing costs weighed. Reports around Russian President Vladimir Putin's nuclear doctrine added a risk-off bid, sending the VIX up +3.03% to 15.64. Oracle dropped after issuing a force majeure notice on a data center project. Philadelphia Fed commentary favoring modest rate moves drew attention as officials pressed companies to reconsider price increases. Crude jumped, with WTI up +3.20% to 95.11 and Brent to 107.32.
Key headlines
- Oracle sends 'force majeure' notice about data center project, stock drops 3%
- Pete Hegseth reports at least $3.1 million in cash, investments and bitcoin
- Companies keep raising prices. The Fed is trying to get them to reconsider.
- What must happen for Boeing stock to get unstuck. The company needs, at least, to do its part
The takeaway
The pain concentrated below the surface. While the S&P 500 held near unchanged, small caps were hammered as the long-end selloff drove up borrowing costs, exposing how uneven the tape has become. Mega-cap technology masked broad weakness, a divergence that leaves headline indexes looking calmer than the internals suggest.
Traders now turn to the trajectory of long-dated Treasury yields, with the 30-year at multi-decade highs, and to further Fed commentary on the pace of rate moves and corporate pricing. Developments around Russian nuclear-doctrine reports and the path of Crude remain open risks into coming sessions.
View the S&P 500 chart and data on Hyperdash
Frequently asked questions: September 24, 2026
What happened in the markets today?
A deepening Treasury selloff pushed the 30-year yield to its highest since 2004, hammering small caps, while the S&P 500 finished flat at 7,704 and the Nasdaq rose to 26,939. Crude jumped and the VIX climbed +3.03% to 15.64.
Did the stock market go up or down today?
Results were mixed. The S&P 500 ended flat at 7,704, slipping -0.03%, while the Nasdaq edged higher to 26,939. Small caps fell sharply amid the bond rout.
Why did markets move today?
A widening Treasury selloff drove long-end yields to multi-decade highs, pressuring rate-sensitive shares, while reports on Russia's nuclear doctrine added a risk-off tone that lifted the VIX by +3.03%.
How did the S&P 500 do today?
The S&P 500 closed flat at 7,704, down -0.03%, as rising Treasury yields and weakness in small caps offset gains in large-cap technology.
What did the dollar and Treasury yields do today?
The dollar index edged up +0.17% to 101.2690, while the US 10Y yield rose +9bp to 5.200% as the long-end selloff sent the 30-year to its highest since 2004.
Where can I track live market data across asset classes?
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