US Stocks Pull Back

2026-09-23 14:06 By Andre Joaquim 1 min. read

US stock indices fell on Wednesday as the tech rally paused and strong economic data lifted Treasury yields.

The Nasdaq 100 fell 0.5% from its record, and the S&P 500 and Dow eased 0.3%.

PMI data from S&P Global reflected soaring levels of new orders and multi-year-high input and output charge inflation, backing hawkish calls from FOMC members and strengthening bets that the Fed is due to deliver another rate hike this year.

Credit-sensitive AI hyperscalers, which are undergoing record levels of debt issuance, retreated, with Alphabet and Amazon falling over 2%.

Chip producers also fell as markets took profits from their sharp rally this week, spurred by fresh enthusiasm for the AI trade after positive feedback on the release of Meta's Muse agent.

Broadcom, Micron, Intel, and Lam Research fell between 1% and 2%.

Meanwhile, oil producers and refiners gained amid reports that the energy sector lobbied against President Trump's plan to halt diesel exports to curb prices.



News Stream
US Stocks Pull Back
US stock indices fell on Wednesday as the tech rally paused and strong economic data lifted Treasury yields. The Nasdaq 100 fell 0.5% from its record, and the S&P 500 and Dow eased 0.3%. PMI data from S&P Global reflected soaring levels of new orders and multi-year-high input and output charge inflation, backing hawkish calls from FOMC members and strengthening bets that the Fed is due to deliver another rate hike this year. Credit-sensitive AI hyperscalers, which are undergoing record levels of debt issuance, retreated, with Alphabet and Amazon falling over 2%. Chip producers also fell as markets took profits from their sharp rally this week, spurred by fresh enthusiasm for the AI trade after positive feedback on the release of Meta's Muse agent. Broadcom, Micron, Intel, and Lam Research fell between 1% and 2%. Meanwhile, oil producers and refiners gained amid reports that the energy sector lobbied against President Trump's plan to halt diesel exports to curb prices.
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The Dow Jones Index Opens 0.11% Lower
The Dow Jones Index is dropping 60 points. Leading the losses are McDonalds (-2.58%), Alphabet (-2.12%) and Amazon (-1.29%). Top gainers were Microsoft (1.64%), IBM (1.60%) and Boeing (1.29%).
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Nasdaq Eases from Record High
US stocks wavered on Wednesday as the tech rally paused and lingering macroeconomic risks prevailed. The Nasdaq 100 eased from its record while the S&P 500 and the Dow inched below the flatline. Chip producers were lower as portion of the market took profits from their sharp rally this week, stemmed by fresh enthusiasm on the AI trade after positive feedback on the release of Meta's Muse agent. Broadcom, Micron, Intel, and Lam Research fell between 1% and 2%. Meanwhile, Treasury yields remained at elevated levels as energy prices halted their pullback. Credit-sensitive sectors were muted, with banks holding their sharp losses from yesterday. JPMorgan and Wells Fargo inched fell up to 1%. On the other hand, Chevron, ExxonMobil, Marathon, and Valero were higher amid reports that the energy sector lobbied against President Trump's plan to halt diesel exports to curb prices.
2026-09-23