Brent Hits $100 as 2-Year Yield Climbs to 4.42%, Pressuring Stocks
Updated
Updated · Yahoo Finance · Sep 9
Brent Hits $100 as 2-Year Yield Climbs to 4.42%, Pressuring Stocks
3 articles · Updated · Yahoo Finance · Sep 9
Summary
Brent crude at $100 a barrel pushed US stocks lower early Wednesday and lifted Treasury yields, reinforcing bets the Federal Reserve may raise rates at its next meeting.
The 2-year Treasury yield rose to 4.42% and the 10-year hovered near 4.8%, hitting rate-sensitive sectors including financial services and consumer discretionary.
Energy stocks extended prior-session gains, while tech bucked the broader weakness: Meta rose 3%, Tesla added 1%, and Apple was little changed before its California product event.
The move builds on an earlier global selloff after Brent first broke above $100, with investors increasingly treating higher oil as a fresh inflation threat.