Markets pulled back on Monday as investors adopted a defensive posture ahead of the Federal Reserve's two-day policy meeting concluding Wednesday. The S&P 500 fell 0.45%, the Nasdaq 100 dropped 0.80%, and the Dow slipped 0.25%. Technology stocks bore the brunt of the selloff, with XLK (Technology) down 1.81% — the worst-performing sector. Healthcare (XLV) was the lone bright spot, up 1.45%, while Energy (XLE) fell 0.94% despite crude oil volatility. The 10-year Treasury yield touched 5% — a level not seen since October 2023 — as the market prices in a 90% probability of another Fed rate hike.
| Index | Price | Change | Volume |
|---|---|---|---|
| S&P 500 ETF | 760.88 | ▼ 0.45% | 43,542,700 |
| Nasdaq 100 ETF | 709.18 | ▼ 0.80% | 34,618,101 |
| Dow Jones ETF | 524.49 | ▼ 0.25% | 2,660,572 |
| Russell 2000 ETF | 287.91 | ▼ 0.34% | 25,767,121 |
| Sector | Price | Change | Volume |
|---|---|---|---|
| Technology | 184.28 | ▼ 1.81% | 8,458,066 |
| Financials | 57.03 | ▼ 0.38% | 38,019,431 |
| Energy | 64.53 | ▼ 0.94% | 46,271,338 |
| Healthcare | 167.75 | ▲ 1.45% | 9,233,937 |
| Consumer Disc. | 112.85 | ▼ 0.10% | 5,259,891 |
The 10-year Treasury yield just hit 5%. How income investors can profit Surging Treasury yields have rattled Wall Street, but there may also be an opportunity lurking for income investors to turn a profit. The benchmark 10-year Treasury touched 5% on Monday , a high not seen since October 2023. It has since given back some of that yield and is currently around 4.96%. Bond yields move inversely to prices. That bouncing around will likely persist as yields stay elevated, said Luis Alvarado, co-head of fixed-income strategy at Wells Fargo Investment Institute. "We're just going to continue to see knee-jerk reactions to the economic data, the Fed, oil, anyth...
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The Fed's Wednesday decision will be the dominant event. A rate hike would further elevate Treasury yields and pressure equities, particularly rate-sensitive tech. If the Fed holds, markets may rally on relief. Next major data: August CPI (3.4% YoY, above Fed's 2% target). Volatility likely to persist as investors navigate the dual pressures of sticky inflation and slowing growth.
Data sources: Yahoo Finance, CNBC | Report generated September 15, 2026