US Market Wrap 17 September: Stocks Rebound as Yields Fall and the 10 Year Slips Back Under 5 Percent
Wall Street bought the day after. The S&P 500 rose 1.14 percent to 7,637.76, its first rise since 11 September on our count from our published boards, the Nasdaq Composite added 1.69 percent to 26,418.30 and the Dow Jones Industrial Average 0.61 percent to 51,778.04, with every close confirmed on the vendor’s feed at our 20:25 GMT capture, as Treasury yields fell at every maturity but the 1 month and the barrel eased for a second session. The official 10 year par yield dropped 7 basis points to 4.94 percent, back below the 5 percent line, and Brent crude settled at 104.82 dollars a barrel, down 1.01 dollars, per our Commodities Wrap of 17 September 2026.
Yields and the barrel hand the market its bounce
The shape of the session was set before the open, on our reading: the three major averages opened higher, the Dow up 410 points in the first minutes with the S&P 500 up 1.2 percent and the Nasdaq 1.5, per the network’s live report, and the bid held to the close as the bond market rallied. The official par curve fell at every maturity from 3 months out, the 2 year down 7 basis points to 4.67 percent, the 5 year down 8 to 4.78 and the 10 year down 7 to 4.94, our changes against Wednesday’s curve, unwinding the decision day rise exactly at the 2 year and more than unwinding it at the 10 year, which had added just 1 basis point on Wednesday; the 30 year, which fell on decision day, fell another 6. The morning’s data cut both ways, on our reading: initial jobless claims fell 10,000 to 196,000, below the 207,000 consensus the report carries, while August building permits at 1.394 million and housing starts at 1.275 million both came in light. And the White House kept the pressure on: the president called for rates at 1 percent or less hours after the committee took its target range to 3.75 to 4 percent, per the same report.
Technology leads as all five benchmarks close higher
The rebound ran through the growth end. Information technology rose 2.20 percent, the day’s best of the 11 S&P 500 sectors, with consumer discretionary up 1.43 percent and utilities up 0.86, while financials, down 0.10 percent, and consumer staples, down 0.01, were the board’s only declines, a quiet session for the banks after Wednesday’s selling. The warnings under the surface did not clear, on our reading: just over half of the index’s names now trade below their 200 day moving averages, per the same report, which had Goldman Sachs closing Wednesday below its 200 day average for the first time since March. The Cboe Volatility Index printed 15.44 at the session’s last print on the vendor’s feed, down 12.82 percent after Wednesday’s decision day spike, and the single name of the day was Generac, up 18.34 percent to 207.23 at the close after striking a deal to supply backup power generators for Amazon’s data centers, with initial deliveries expected to total 2.4 billion dollars across 2027 and 2028.
Top gainers
| Index | Close | Change |
|---|---|---|
| Nasdaq 100 | 29,446.98 | +1.73% |
| Nasdaq Composite | 26,418.30 | +1.69% |
| S&P 500 | 7,637.76 | +1.14% |
| Dow Jones Industrial Average | 51,778.04 | +0.61% |
| Russell 2000 | 2,874.63 | +0.55% |
Top gainers, closes of Thursday 17 September 2026 from the vendor’s feed at our 20:25 GMT capture, confirmed on two further pulls, ranked by change; every change reconciles against our published 16 September closes.
Top losers
| Index | Close | Change |
|---|---|---|
| Nil | Nil | Nil |
Top losers, closes of Thursday 17 September 2026. No index on the board fell; all 5 rose and are ranked in the gainers table above.
S&P 500 sectors
| Sector | Change |
|---|---|
| Information technology | +2.20% |
| Consumer discretionary | +1.43% |
| Utilities | +0.86% |
| Industrials | +0.21% |
| Consumer staples | -0.01% |
| Financials | -0.10% |
Top 3 and bottom 3 of the 11 S&P 500 sectors, closes of Thursday 17 September 2026 from the vendor feed at the same 20:25 GMT capture, ranked; changes are our recomputation against the prior closes the feed carries. Omitted mid table: Health care, up 0.64 percent, Materials, up 0.62, Communication services, up 0.60, Energy, up 0.55, and Real estate, up 0.33.
US Treasury par yield curve
| Maturity | 17 Sep | 16 Sep | Change |
|---|---|---|---|
| 2 year | 4.67% | 4.74% | -7bp |
| 3 year | 4.75% | 4.82% | -7bp |
| 5 year | 4.78% | 4.86% | -8bp |
| 10 year | 4.94% | 5.01% | -7bp |
| 30 year | 5.29% | 5.35% | -6bp |
The official daily par yield curve for 17 and 16 September 2026, read at 20:05 GMT; the Treasury derives the curve from indicative bid side quotations at about 19:30 GMT in US summer time, and the changes are ours. Omitted from our standard maturity set on 17 September: 1 month 3.97 percent, 3 month 4.12, 6 month 4.20, 1 year 4.40, 7 year 4.86 and 20 year 5.32.
Commodities
| Contract | Level | Change |
|---|---|---|
| Gold, COMEX (Dec’26), dollars an ounce | $4,390.60 | +0.07% |
| Silver, COMEX (Dec’26), dollars an ounce | $65.875 | +1.47% |
| Brent Crude, ICE (Nov’26), dollars a barrel | $104.70 | -1.07% |
| WTI Crude, NYMEX (Oct’26), dollars a barrel | $101.81 | -0.61% |
Carried verbatim from our Commodities Wrap of 17 September 2026: levels captured after the settlement window at 18:57 GMT on Thursday 17 September 2026, measured against Wednesday’s settlements as carried in the price feed; post settlement snapshots, not the official settlements, contract months as displayed at capture. The Brent and WTI settlements reported by the network were 104.82 dollars (down 1.01 dollars) and 101.91 dollars (down 52 cents). Fixed row order.
Currencies, volatility and crypto
| Instrument | Level | Change |
|---|---|---|
| Cboe Volatility Index | 15.44 | -12.82% |
| Bitcoin, dollars | 76,646.41 | +1.12% |
| US Dollar Index (DXY) | 100.239 | -0.01% |
| Euro/Dollar | 1.1475 | +0.10% |
| Sterling/Dollar | 1.3350 | -0.23% |
| Dollar/Yen | 155.99 | -0.18% |
Intraday quotes captured at 20:25 GMT, fixed row order, one call, one stamp; the VIX row is the session’s last print on the vendor’s feed, and every change in this table is on the vendor’s daily basis.
Asia, session of Thursday 17 September 2026
| Index | Close | Change |
|---|---|---|
| Taiex (Taiwan) | 46,288.00 | +0.96% |
| Topix (Japan) | 4,094.19 | +0.80% |
| Straits Times (Singapore) | 5,660.52 | +0.45% |
| S&P/ASX 200 (Australia) | 8,732.40 | +0.41% |
| Nikkei 225 (Japan) | 64,136.25 | +0.33% |
| Nifty 50 (India) | 23,270.60 | +0.23% |
| Kospi (South Korea) | 6,715.41 | -0.04% |
| Shenzhen Component (China) | 13,409.91 | -0.33% |
| Shanghai Composite (China) | 3,875.60 | -0.41% |
| Hang Seng (Hong Kong) | 24,604.29 | -0.44% |
Carried from our Asia Market Wrap of Thursday 17 September 2026, gainers then losers, ranked by change. The closes are from the vendor’s feed, all sessions ended before that wrap’s 10:22 GMT capture.
Middle East, session of Thursday 17 September 2026
| Index | Close | Change |
|---|---|---|
| EGX 30 (Egypt) | 55,498.72 | +1.23% |
| MSX 30 (Oman) | 7,603.23 | +0.70% |
| FTSE ADX General (Abu Dhabi) | 10,160.84 | +0.47% |
| DFM General (Dubai) | 5,986.76 | +0.34% |
| ASE Index (Jordan) | 4,124.65 | +0.32% |
| QE Index (Qatar) | 9,659.01 | +0.22% |
| Tadawul All Share (Saudi Arabia) | 10,777.94 | -0.02% |
| Bahrain All Share (Bahrain) | 1,924.03 | -0.30% |
| Kuwait All Share (Kuwait) | 8,913.16 | -0.32% |
Carried from our Middle East Market Wrap of Thursday 17 September 2026, gainers then losers, ranked by change. The DFM change is the exchange’s own daily figure, and the QE Index change is that wrap’s calculation against our published 16 September close.
Europe, session of Thursday 17 September 2026
| Index | Close | Change |
|---|---|---|
| FTSE 100 (United Kingdom) | 10,816.14 | +1.19% |
| IBEX 35 (Spain) | 19,831.80 | +1.00% |
| Euro Stoxx 50 (euro area) | 6,322.90 | +0.90% |
| Stoxx Europe 600 (Europe) | 642.60 | +0.86% |
| FTSE MIB (Italy) | 52,385.50 | +0.80% |
| DAX (Germany), Xetra close | 25,716.71 | +0.70% |
| CAC 40 (France) | 8,186.93 | +0.57% |
| SMI (Switzerland) | 13,947.31 | +0.57% |
| AEX (Netherlands) | 1,100.80 | +0.43% |
Carried from our Europe Market Wrap of Thursday 17 September 2026: every index on the board rose, ranked; closes confirmed at each exchange or index administrator, the DAX at its Xetra close. The Stoxx administrator’s values are its 17:30 CET prints and are checked against its final values at the next session; the changes reconcile against our published 16 September closes as amended today for the Stoxx Europe 600 and Euro Stoxx 50, per the amendment note on our 16 September wrap.
Why it matters: the market’s second verdict softened its first, on our reading: Wednesday sold the press conference and Thursday bought the retreat in yields and the barrel, with claims still low and the 10 year back below the 5 percent line, and a growth led board with the banks still soft reads as a market that expects the tightening to bite finance before it bites earnings. Of the 33 indices we published across our four wraps today, the Nasdaq 100 led at 1.73 percent and the Hang Seng lagged, 0.44 percent lower.
Outlook: The Bank of Japan decides on Friday, with about 89 percent of respondents to the network’s survey expecting a quarter point rise to 1.25 percent, as we carried in yesterday’s wrap, and tomorrow’s Asia wrap takes the reaction; for this board the next test is whether the 10 year holds below the 5 percent line through the first full week of the new rate path.
Sources: CNBC, US Department of the Treasury, The Edge.
