U.S. stocks fell Wednesday as the bond market tightened and oil halted its slide, the Associated Press reported in a major-index wrap carried by outlets including The Seattle Times.
The S&P 500 fell 58.61 points, or 0.8%, to 7,706.03. The Dow Jones Industrial Average dropped 352.10 points, or 0.7%, to 51,511.59. The Nasdaq composite lost 308.24 points, or 1.1%, to 26,936.04 — off its all-time high. The Russell 2000 fell 1.8% to 2,838.66.
The yield on the 10-year Treasury jumped to about 5.11%, back near levels last seen in 2007, after a report showed U.S. business activity and costs rising at the fastest pace in years. Higher oil prices added to the squeeze by feeding inflation and rate worries.
What moved the tape
AP tied the selloff to a surprisingly strong economy report that raised inflation concerns just as crude stopped easing. Separate market desks noted mega-cap pressure — including notable declines in Alphabet and other growth names — while a handful of large tech names finished mixed. Secondary coverage also flagged the U.S. composite PMI near a five-year high as part of the same day’s macro tape.
Index levels above are the AP closing print for Wednesday, Sept. 23, 2026. Not investment advice.
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- Associated Press via The Seattle Times: How major US stock indexes fared Wednesday 9/23/2026
- Secondary tape color: TradingKey / Washington Times AP-adjacent market wraps on yields, oil, and PMI
