Oil tops $100 and 10-year Treasury yield hits three-year high as US stocks fall a third day

Brent settled at $101.21 after US strikes on Iranian tankers, the 10-year yield rose to 4.833% despite a Treasury buyback, and the S&P 500 slipped 0.45% to 7,639.

Deepakshi

Kristal Research & Marketing team

10 Sept

Key takeaways — AI summary

The S&P 500 fell 0.45% to 7,639 and the Nasdaq 100 slipped 0.29% to 29,422 in a third straight down day; the Russell 2000 lost 1.28%, with Europe hit harder (DAX -1.74%, CAC 40 -1.94%, FTSE 100 -1.31%).
Brent crude settled at $101.21, up $3.29 and its highest since May, after US forces struck Iranian tankers overnight and Iran fired at bases in Jordan; energy was the only sector up (+1.09%).
The 10-year Treasury yield rose to 4.833%, its highest since late 2023, even as the Treasury announced a $6 billion buyback that disappointed traders who had braced for $8–10 billion; a later $39 billion 10-year auction priced strongly.
Gold held at $4,418 (+0.39%) despite firmer yields and dollar; the document notes CME FedWatch pricing put roughly a 60–62% chance on a quarter-point Fed rate hike next week.
Big single-stock moves: Cloudflare +10.5%, Meta +6.49% and Marvell +4.3% among winners, while ServiceTitan fell 30.11%, Casey's -14.22%, Chewy -11.78% and Vertiv -9.5%.

Generated by Kristal AI · reviewed by the research desk

The full newsletter

Related research

Kristal PulseNew

Chips rally as consumer internet stocks tumble on agentic-AI fears, splitting a lower US market

The S&P 500 slipped 0.58% to 7,674 as the semiconductor index rose 1.3% while online-commerce names fell 5-8%; money markets now price roughly 60% odds of a Fed rate hike on 16 September.

Deepakshi9 Sept2 min

Kristal Lens

Oil jumps 9% on Hormuz escalation as Fed hike odds swing wildly, yet S&P 500 ends flat

WTI settled at $91.22, up 9.32%, and September rate-hike odds whipsawed from two-in-three to a coin flip on conflicting Fed remarks, while the S&P 500 closed up just 0.09% at 7,718.6.

Deepakshi4 Sept2 min

Kristal Pulse

Waller comment turns September Fed decision into a coin toss as US stocks rally

The S&P 500 rose 1.06% to 7,748 after Governor Christopher Waller said he could support a September hold if August inflation keeps improving, cutting rate-hike odds from about 70% to roughly even.

Deepakshi4 Sept2 min