Market Report, 2026-09-24

U.S. stocks finished mixed Thursday as another rise in Treasury yields and renewed strength in oil kept inflation and Federal Reserve policy risk at the center of attention. The Dow Jones Industrial Average fell 162 points to 51,350, while the Nasdaq Composite edged 0.01% higher to 26,939 and the S&P 500 slipped 0.02% to 7,704. The session improved from its morning lows, but higher borrowing costs continued to restrain broader risk appetite.

Treasury yields moved sharply higher again. The 5-year yield rose about 7 basis points to 5.07%, while the 10-year climbed about 8 basis points to 5.19%. Brent crude advanced roughly 2.1% to about $100 per barrel, reinforcing concerns that elevated energy costs could keep inflation pressure persistent. Within equities, health care and energy finished higher, while materials, utilities, consumer staples and industrials were among the weaker groups; technology also declined modestly despite the Nasdaq’s nearly flat finish.

Economic data generally pointed to continued resilience. Weekly jobless claims remained near historically low levels and came in slightly better than expected, while new-home sales were materially stronger than anticipated. Those readings, combined with Philadelphia Fed President Anna Paulson’s indication that additional modest tightening may be warranted, supported the market’s focus on the possibility that interest rates may need to remain restrictive or move higher.

Friday brings durable-goods orders and the University of Michigan’s final consumer-sentiment reading, along with remarks from New York Fed President John Williams and Cleveland Fed President Beth Hammack. Investors will be watching for further evidence on growth, inflation expectations and the Fed’s policy path. Adams Wealth Advisors will continue monitoring these developments and keep you informed.