Wall Street ends lower, off record highs, as Treasury yields climb

Wall Street ends lower, off record highs, as Treasury yields climb

By Stephen Culp and Tharuniyaa Lakshmi

Wed October 7, 2026  

Inflation concerns are back on the front burner as Treasury yields continue to climb after Tuesday’s brief respite. All the worries that have besieged the markets in recent weeks are back out front today as yields touched a 24-year high. The massive global selloff in the bond markets in recent weeks have particularly rattled investors. Oil prices are getting some relief since the International Energy Agency has sped up the release of stocks. The good news is that the day started much worse, with all three indexes down sharply right out the gate, the Dow at minus-600 at 11 a.m,, the Nasdaq down over 250.  

Then all three started a recovery, attributed to the release of the oil, to recoup most losses by close. The better news is that September was supposed to be the worst month, as history has indicated, but turned out to be quite strong, bad news for those who were short-selling playing the odds. The odds of an October hike again got lowered, today to a mere 17% vs 37% a week ago and 70% before that. As was true Tuesday, everyone is waiting for next week’s Q3, expected to be very positive. This was reflected in volume of 16.21 billion, below the 17.57 average.   

DJ: 51,521.28  +253.38        NAS: 27,599.79  +122.48       S&P: 7,818.93  +44.98         10/6

DJ: 51,179.87  -341.41         NAS: 27,538.69  -61.20          S&P: 7,801.77  -17.16           10/7

Wed 10-7-26 4:20 pm Wall Street ends lower, off record highs, as Treasury yields climb | Reuters