Stocks fall as oil and bond yields rise
By Amanda Cooper and Chibuike
Oguh
Mon September 13, 2026
With the crisis in the Strait of Hormuz only deepening, oil shot up another 1% today bringing the total increase over the past week to 10%. Diesel is breaking records being far higher than before the war and sending bond yields higher still, making a direct hit on consumer pocketbooks. But the really big problem is all the AI uncertainty, especially with several CEOs this weekend warning of the perils of AI, that we’re spending too much, moving too quickly. Since investors have been so nervous of late over AI overspending, you’d think these comments would be greeted with glee but instead drove the whole tech sector down. The Nasdaq was down around 350 in the morning but recovered more than half of that by close. Same was true of the Dow, down some 300 by 11 a.m. but recovering half by close.
It is now a virtual certainty that the Fed will announce a rate hike next week with another one likely before year-end. This combined with the ECB and Bank of Japan making the same plans was likely the trigger for the recovery, indicating that the Fed is not the only government institution looking to get ahead of inflation. But for perspective, per today’s expert, “The news has focused on the negative but the market is quite resilient and will likely churn sideways along with September seasonality,” reminding everyone that historically September has been the worst month of the year. And then a prediction, “The breakout is unlikely until October.” Per the CBOE, volume came in at 15.9 billion, above the 14.9 average.
DJ: 52,573.29 +509.19 NAS: 26,333.04
+251.31 S&P: 7,656.98
+65.28 9/11
DJ: 52,421.20 -152.09 NAS: 26,186.41
-146.82 S&P: 7,619.98
-37.00 9/14
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