Live Markets: Wall Street closes lower with oil and yields jumping

Old Dominion Freight Line

01/09/2026 21:37

Adds new blog entry
Indexes fall, Nasdaq leads losses with 1% drop
Energy leads S&P 500 sector gainers, consumer discretionary lags most
Dollar rises, US crude settles up >5%, gold falls 2.7%, bitcoin off ~1.9%  
US 10-year Treasury yields rise to ~4.79%
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WALL STREET CLOSES LOWER WITH OIL AND YIELDS JUMPING
Wall Street's three major indexes ended Tuesday's session in the red, marking a three-day losing streak, as bond yields and oil prices soared after the U.S. launched new air strikes on Iranian targets, dimming hopes for a Middle East resolution and fanning worries about energy supplies.
With investors already anxious about sticky inflation, it didn't help that U.S. crude oil and Brent futures settled up more than $4 each. Tehran remained defiant, warning that it would prevent oil being exported from the Gulf, despite a threat by U.S. President Donald Trump to hit Iran "hard" in response to Iranian strikes, and a warning from U.S. Treasury Secretary Scott Bessent that Washington was about to impose new sanctions.
In fixed income, U.S. 10-year Treasury yields US10YT=RR touched their highest levels since January 2025 in their fifth straight day of gains and 30-year yields US30YT=RR were also eying a five-day advance. Bill Merz, head of capital markets research and portfolio construction at U.S. Bank Wealth Management Group, said that the concern is, "not necessarily the level of yields" but rather the upwards trend and concern that if it persists this could change how investors value companies.
Among the S&P 500's 11 major industry sectors, four ended the session with gains, led by energy's .SPNY 1.5% advance and a 0.9% gain in utilities .SPLRCU, often seen as a defensive bet. After four days of declines the CBOE volatility index .VIX rose 1.42 points to 16.34.
The biggest laggard was consumer discretionary .SPLRCD which fell 1.9% and had only seven gainers. That sector's biggest decliners included Norwegian Cruise Line Holdings NCLH.N, down 4.4%, and travel website Expedia EXPE.O, which sank 4%. 
     The energy-sensitive Dow Jones Transport Average index .DJT sank 2.5%. Its biggest loser, Old Dominion Freight Line ODFL.O, fell 6.5% after its quarterly report. 
Here is your closing snapshot: 
     
(Sinéad Carew, Chuck Mikolajczak)
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EARLIER ON LIVE MARKETS:
VANGUARD DATA SHOWS SOFT HIRING IN AUGUST CLICK HERE
THE PILLARS OF US HOUSING MARKET WEAKNESS: APOLLO CLICK HERE
WARSH'S INFLATION STANCE PROMPTS INVESTORS TO SCRUTINIZE FED'S PREFERRED PRICE GAUGE CLICK HERE
TAPPING THE BRAKES: JOLTS, PMI, CONSTRUCTION SPENDING CLICK HERE
STOCKS FALL AS OIL, BOND YIELDS CLIMB CLICK HERE
SEPTEMBER ENTERS WITH REPUTATION AS WALL STREET'S WEAKEST MONTH CLICK HERE
AS ROBOTS GET SMARTER, UBS POSITIONS FOR THE SUPPLIERS CLICK HERE
GOLDMAN SEES PRIVATE CREDIT REBOUND, WARNS OF SOFTWARE STRAIN CLICK HERE
JPMORGAN: YIELDS NO 'INSURMOUNTABLE' HURDLE FOR STOCKS CLICK HERE
STOXX DIPS AS OIL, YIELDS RISE CLICK HERE
EUROPE BEFORE THE BELL: STOCK FUTURES DOWN; YIELDS, OIL UP CLICK HERE
THE DOG DAYS ARE OVER CLICK HERE

Wall Street indexes fall https://fingfx.thomsonreuters.com/gfx/mkt/egvbwrredpq/Pasted%20image%201788272087447.png
Wall Street indexes fall https://fingfx.thomsonreuters.com/gfx/mkt/xmvjxazozvr/Pasted%20image%201788294322080.png