Markets Today stock markets pulled back after NASDAQ at all time highs: 23 September 2026 After the new fueled investment in tech stocks and the ai trade with trump dismissing slowing the development off ai models and META bringing out a new ai agent the NASDAQ making all time highs well today was the sell off off the profit takers and short sellers brought the stock market back down and on a day with oil slightly back up and the macro picture coming back into perspective with not just oil prices are higher but consumers are seeing it at the pump in petrol / gas , diesel . With FED hiking interest rates on borrowing on the dollar further in this environment off sticky inflation and rising commodity prices help fuel the risk off today .
Global markets felt the sting of rising rates today as US Treasury yields surged, with the 10-year note topping 5.1% and 5-year auction paying the highest yield since 2006. Investors absorbed strong US services PMI data, leading to a significant bond market breakdown and fueling fears of another Fed interest rate increase. Fed October hike odds topped 70%.
Rising fuel prices remained a key concern, with record-breaking diesel prices threatening higher grocery bills and the White House denying reports of a potential diesel export ban. An armed group also shut down a pipeline from Libya's largest oil field, jeopardizing exports and impacting LNG markets.
Individual equities saw notable moves; Palantir's stock surged towards its highest close of the year, while AMD was set to snap six sessions of gains. Nvidia, however, looked to snap six sessions of losses. Bentley unveiled its first fully electric car, testing wealthy buyers' interest.
Focus shifts to upcoming jobless claims, building permits, and new home sales data for further economic cues.