September 2, 2026
Tech Bounce Under Pressure From Higher Yields And Oil
On Wednesday, September 2, U.S. stocks snapped a three-day losing streak as big tech led a rebound, even while the 10-year Treasury yield hovered near 4.8% and oil stayed above $90 a barrel. Middle East tensions and Fed officials’ comments kept worries about higher-for-longer interest rates and inflation alive, suggesting investors should treat the bounce cautiously and review their exposure to rate- and energy-sensitive assets.