Wall Street Slips on Higher Yields
2026-09-09 20:08
By
Isabela Couto
1 min. read
US stock indices closed lower on Wednesday as higher yields weighed on corporate margins and consumer demand.
The S&P 500 fell 0.5%, the Nasdaq lost 0.3%, and the Dow shed 405 points.
Oil prices rose further as US-Iran strikes escalated, reducing the likelihood of a near-term resumption of Middle Eastern oil exports and adding to inflation concerns ahead of the Fed’s meeting next week.
Risks that higher borrowing costs could weigh on equities increased amid higher rates on debt raised by AI hyperscalers for data-center development.
The US Treasury tripled the initial size of its next buyback of longer-dated debt, disappointing investors who had expected a larger increase.
Alphabet fell 2.3% after announcing a $15.1 billion buildout in Finland, while Amazon dropped 1.8% after another sterling financing round.
Meta jumped 6.5% on a new AI agent.
Apple shed 0.3% despite unveiling a foldable iPhone.
Gains in chipmakers helped limit Nasdaq losses, Micron added 2.7% and AMD rose 3%.