Logo
Search
Subscribe
arrow-bend-right-up
Logo
Subscribe
  • Home
  • Posts
  • The 10-Year Fell Below 5%. Tech Exploded

The 10-Year Fell Below 5%. Tech Exploded

The Nasdaq jumped 1.69% as oil fell, yields eased, and traders put the next Fed hike near 53%.

Market Minute
Market Minute

Sep 18, 2026

Your browser does not support the audio element.

I've been tracking this one ticker for years… and right now it's the best setup I've ever seen

Keep your eye on this ticker after the recent Federal Reserve announcement...

It’s one of the most predictable patterns I’ve seen over my 40+ years of trading.

Many investors have never heard of this security.
It has nothing to do with AI, tech, or precious metals.

And the profits have been extraordinary.

Click here to see exactly what I'm talking about.

In January 2022, the Fed signaled it was about to start raising rates aggressively.

I was already prepared, and my readers could have made 117% in under a month.

Six months later, Fed Chair Jerome Powell spoke at Jackson Hole.

Again, I was already ready, and my recommendation made 89% in 17 days.

Then in September 2024, the first rate cut in four years.

This ticker jumped, and my readers could have made 35% profit in two days.

Click here for the full story.

Over the next few months, I expect more Fed announcements than we’ve seen in recent years.

The next announcement could be just days away…

Which means this ticker is going to move. A lot.

In this exclusive briefing, I reveal the name of this ticker — completely free.

Click here to find out what this ticker is

Tech Jumps as the 10-Year Falls Below 5%

Wall Street snapped back Thursday. The 10-year Treasury yield fell below 5%. The Nasdaq surged 1.69%. Chip stocks gained more than 3%.

Brent fell below $105. And jobless claims dropped to 196,000. One day after the Fed raised rates, lower yields gave tech room to run.

What Moved

Thursday, September 17

  • The Dow rose 317.95 points, or 0.62%, to 51,779.85.

  • The S&P 500 gained 1.14% to 7,637.74.

  • The Nasdaq surged 1.69% to 26,418.30.

  • The 10-year Treasury yield fell about 6.6 basis points to 4.939%.

  • The 2-year Treasury yield fell about 5.7 basis points to 4.671%.

  • Brent crude fell 0.95% to $104.82 a barrel.

  • WTI crude fell 0.5% to $101.91.

  • Spot gold rose about 2% to roughly $4,343 an ounce.

  • U.S. gold futures settled at $4,399.70.

  • Initial jobless claims fell by 10,000 to 196,000.

  • Continuing claims fell to 1.73 million.

  • Single-family housing starts jumped 7.6%.

  • Single-family building permits fell 1.8%.

  • Pending home sales rose 0.3%.

  • Technology led the S&P 500.

  • Chip stocks gained more than 3%.

  • Gold and silver miners rose more than 3%.

  • Homebuilders gained about 1.1%.

  • Circle rose 5.8%.

  • Coinbase gained 5.8%.

  • Robinhood rose 5.2%.

  • Traders put the chance of another 25-basis-point Fed hike in October near 53%.

Why It Moved

Three moves helped stocks. Treasury yields fell. Oil fell. Jobs stayed firm. That gave investors relief one day after the Fed raised rates. The Fed had pushed its target range to 3.75%–4.00% and showed that another hike could still come this year.

That hit stocks Wednesday. Thursday was different. The 10-year yield fell to 4.939%. The 2-year dropped to 4.671%. That took some pressure off high-priced stocks. The Nasdaq led every major index.

Tech Leads the Bounce

Technology was the strongest major S&P 500 sector. Chip stocks rose more than 3%. That was a sharp turn after several weak sessions. Lower bond yields helped. Tech stocks often carry high prices because investors expect large profits years from now. 

When yields fall, those future profits are easier to support. Thursday showed that link clearly. The Nasdaq gained 1.69%, far more than the Dow. Financials and consumer staples were the only two major S&P sectors to finish lower.

Oil Falls Again

Crude fell for a second straight session. Brent dropped 0.95% to $104.82. WTI fell 0.5% to $101.91. Both stayed above $100. Saudi Arabia is trying to move more crude through Oman while repairs continue on damaged export routes.

Reports also said Saudi Arabia may restore about half of its East-West Pipeline capacity within days. That helped ease fear that too much oil could stay trapped inside the Gulf. But the supply problem is not gone.

Traffic through the Strait of Hormuz is still weak. Oil remains above $100. So Thursday’s drop helped stocks. It did not remove the inflation risk.

Treasury Yields Drop Below 5%

The bond move mattered just as much as oil. The 10-year fell from above 5% to 4.939%. The 2-year dropped to 4.671%. That eased some of the pressure built before and after the Fed meeting.

A lower 10-year can help stocks. It can also slow the rise in mortgage and business borrowing costs. But rates are still high. The average 30-year fixed mortgage rate is near 6.95%. That is still a highcost for home buyers. Thursday gave markets relief. It did not make credit cheap.

Jobs Stay Firm

Weekly jobless claims fell to 196,000. That was below forecasts near 208,000. The four-week average also fell. Continuing claims dropped to 1.73 million. That tells the Fed the labor market is still holding up.

Layoffs remain low. Unemployment was 4.1% in August. Payrolls rose by 162,000. That gives the Fed room to keep rates high. It also means Thursday’s stock rally did not come from fear of a weak economy. It came from lower yields and lower oil.

Housing Sends a Split Signal

Housing data was mixed. Single-family home starts jumped 7.6% in August. But permits for future single-family construction fell 1.8%. Overall housing starts fell 2.6%.

Multi-family starts dropped 22.5%. Pending home sales rose only 0.3%. They were down 4.7% from a year earlier. That shows how much high borrowing costs are still weighing on housing. Builders started more single-family homes. But fewer permits point to weaker plans ahead.

Crypto Stocks Jump

Crypto-linked stocks also rallied. Circle gained 5.8%. Coinbase rose 5.8%. Robinhood added 5.2%. The gains came after a new SEC exemption for tokenized stock trading.

Lower Treasury yields also helped. When yields fall, investors are often more willing to hold riskier assets. Thursday gave crypto stocks both a policy boost and a rates boost.

Gold Jumps More Than 2%

Gold rebounded hard. Spot prices rose about 2% to roughly $4,343 an ounce. U.S. futures settled at $4,399.70. The move came as Treasury yields fell and the dollar eased.

Gold pays no interest. When bond yields fall, holding gold becomes less costly. The metal had been hit hard when the 10-year moved above 5%. Thursday reversed part of that move.

Another Fed Hike Stays in Play

The Fed raised rates Wednesday. But Thursday’s market was already looking ahead. Traders put the chance of another 25-basis-point hike in October near 53%.

One week earlier, those odds were much lower. That means another hike is still a real risk. But Thursday showed that stocks can still rise if yields and oil move lower. For one session, both did.

Stop losing deals you should be winning.

Bad leads. Slow deals. Objections you didn't see coming.

That's not a sales problem. You're selling to the wrong people.

Most founders never stop to define exactly who their product is actually for. So they pitch everyone, convert few, and wonder why the funnel's broken.

HubSpot for Startups built a free tool that fixes the root cause in 2 minutes. Paste your URL, answer a few quick questions, and get a clear profile of your best-fit customer.

Build Your Free ICP.

Why It Matters Now

Thursday left markets with a short list of hard numbers:

  • The Nasdaq surged 1.69%.

  • The S&P 500 gained 1.14%.

  • The Dow rose 318 points.

  • The 10-year yield fell to 4.939%.

  • The 2-year yield fell to 4.671%.

  • Brent closed at $104.82.

  • WTI closed at $101.91.

  • Jobless claims fell to 196,000.

  • Continuing claims fell to 1.73 million.

  • Chip stocks rose more than 3%.

  • Gold rose about 2%.

  • October Fed hike odds sat near 53%.

Thursday showed exactly what stocks need. Lower yields. Lower oil. No break in jobs. The 10-year fell below 5%.

Oil eased. Tech took off. The 5% yield line broke. Tech took off.

Worth Your Time

View All Minute Market Insights
arrow-bend-right-up

one minute to Understand Today’s Markets

Terms of Use

Privacy Policy