10 things that mattered on Wednesday, September 23, 2026
Bond yields jumped, and the 10-year Treasury closed at its highest since July 2007. Stocks fell with them, small caps most, and NYSE new lows hit their highest count of the month.
- 01
The 10-year yield jumped to its highest since 2007
The 10-year Treasury rose about 15 basis points to 5.11%, a move more than three times a typical day. The 2-year climbed to 4.85%, its highest since June 2024.
10-year Treasury yield (%), last twelve months 10-year Treasury yield (%), last twelve months - 02
The long-bond fund closed at a new low
TLT fell 1.6% to $80.46, the lowest close in our data, which starts in 2009. The 30-year yield reached 5.40%, its highest since 2004.
TLT (20+ year Treasury fund), last twelve months TLT (20+ year Treasury fund), last twelve months - 03
The S&P 500 fell 0.7% and small caps 1.8%
SPY closed at $767.81, 1.3% below its record. The Russell 2000 fund IWM finished 7.6% below its own high, and the VIX rose almost a point to 15.18.
SPY, last six months SPY, last six months - 04
NYSE new lows jumped to 258
Only 22 NYSE stocks made new highs, for a net reading of −236. With the S&P this close to a record, the last reading that weak came in December 2015.
NYSE-listed new highs minus new lows, last twelve months NYSE-listed new highs minus new lows, last twelve months - 05
Online travel stocks fell 5% to 8%
Expedia lost 7.7%, Airbnb 7.6% and Booking 5.1%. They sold off together as Meta, on the first day of its Connect conference, showed its Muse agent booking travel directly with airlines and hotels.
EXPE, last six months EXPE, last six months - 06
Fastly rose 13.7% after its investor day
Management set 2029 targets of $1.1 billion to $1.3 billion in revenue and launched three AI security products. The stock closed at $29.65 on five times its usual volume.
FSLY, last six months FSLY, last six months - 07
Junk bonds fell to their lowest since April 2025
The high-yield bond fund HYG lost 0.7% to $78.10 on twice its usual volume. Credit fell with Treasuries as yields jumped.
HYG (high-yield bond fund), last twelve months HYG (high-yield bond fund), last twelve months - 08
Oil bounced 3.3% after five down days
The oil fund USO closed at $148.83. The EIA's weekly report showed refineries running at 94.0% of capacity, down from 96.8% a week earlier.
USO (oil fund), last six months USO (oil fund), last six months - 09
Gold fell 1.8%
The gold fund GLD closed at $392.88 as yields rose. It is 21% below its record.
GLD (gold fund), last six months GLD (gold fund), last six months - 10
Due Thursday: jobless claims, new home sales and Costco
Weekly jobless claims and August new home sales are due, and Costco reports after the close. President Trump and President Xi are also scheduled to meet in Washington.
Data as of the Wednesday, September 23, 2026 close. The ten items are picked by fixed rules from the site's daily data (the size of each move, signals that changed state, and economic releases weighted by importance), then checked and written by hand. Charts end on the brief's date. Research and education, not financial advice.