Rising Bond Yields, Oil Prices Pressure Wall Street Pre-Bell; Asia, Europe Off

MT newswire2026/09/24 11:11

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07:11 AM EDT, 09/24/2026 (MT Newswires) -- Wall Street futures pointed moderately lower pre-bell Thursday as bond yields crept higher, while global crude prices rebounded from recent declines. In the futures, the S&P 500 fell 0.5%, the Nasdaq declined 0.9%, and the Dow Jones was off 0.2%. Market observers also await results from a summit between President Donald Trump and Chinese President Xi Jinping, slated to start at the White House in the morning. West Texas Intermediate crude oil traded up 1.1% at $93.14 a barrel, in pre-market action. Yields on 10-year US Treasuries reached 5.13%, testing 20-year highs. The VanEck Semiconductor fund (SMH) traded down 2% pre-bell. Asian exchanges traded mostly lower overnight, although Tokyo logged a gain after a five-day hiatus. European bourses edged south at midday on the continent. MGM Resorts International (MGM) traded down 8.7% pre-bell Thursday after People (PPLI) dropped a bid to acquire the casino operator. Costco Wholesale (COST) plans to report earnings after the close. On the economic calendar is the weekly jobless claims bulletin at 8:30 am ET, along with the Q2 US current account, or international balance in goods and services, report. The August new home sales bulletin files at 10 am, followed by the weekly EIA natural gas release at 10:30 am. The Kansas City Fed Manufacturing Index for September posts at 11 am. Federal Reserve Cleveland President Beth Hammack, Philadelphia Fed President Anna Paulson, New York Fed President John Williams and Richmond Fed President Thomas Barkin are slated to speak on Thursday. In pre-market action, Bitcoin traded at $83,237, and spot gold commanded $4,261 an ounce.

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Goldman Sachs believes that the rapid rise in real interest rates has exerted more direct pressure on the US stock market, with rate-sensitive sectors such as small-cap and financial stocks being particularly affected. On the liquidity front, Goldman Sachs estimates that pension funds may sell around $3.3 billions in equities at the end of the month and quarter, and that CTAs may sell about $530 million worth of Russell 2000 index futures in the coming week. For the market, unless the issues of oil and interest rates are resolved, the AI narrative is "almost irrelevant."

华尔街见闻•2026/09/30 04:01

USD/JPY falls below 157! The yen becomes the strongest G-10 currency, with the market betting on another rate hike by the central bank next month.

On Wednesday, the yen strengthened against the US dollar, with the USD/JPY rate falling below the 157 mark, as repeated warnings from the Japanese government regarding exchange rates and end-of-quarter capital flows provided support for the yen.

智通财经•2026/09/30 03:41

The scale of the compute power agreement between Anthropic and SpaceX has been revealed, reaching up to $84.5 billions, double the previously disclosed amount.

According to Anthropic’s IPO prospectus, the company has signed a computing power leasing agreement with SpaceX valued at $84.5 billion, far surpassing the previously disclosed $45 billion in SpaceX’s IPO documents. The agreement runs until 2029, with most terms cancellable within 90 days. At the same time, Anthropic’s total spending on AI infrastructure over the next decade is expected to be at least $518 billion.

华尔街见闻•2026/09/30 03:26