Nasdaq 100 Tumbles as Oil Spikes and Treasury Yields Hit 19-Year Highs

Key Facts

1Crude oil prices jumped 6% while 30-year Treasury yields reached levels not seen since 2007.

2Hot PPI data pushed Federal Reserve rate-hike odds toward 70% ahead of upcoming CPI data.

Technology stocks fell sharply as mounting macroeconomic headwinds threatened sector valuations amid a rising inflationary environment. According to reports, crude oil prices jumped 6%, coinciding with 30-year Treasury yields reaching multi-decade highs not seen since 2007. Hot Producer Price Index (PPI) data pushed the probability of a Federal Reserve rate hike toward 70%, fueling fears of prolonged monetary tightening.

These movements come amid concerns that rising energy costs and bond yields will undermine profit margins for growth companies. Per market data, NDAQ shares closed at $94.22 on September 9, 2026, with the session ranging between a low of $93.9 and a high of $95.33. These levels reflect the cautious sentiment dominating the market ahead of further inflation data that could determine the trajectory of monetary policy.

Traders should watch current support levels for NDAQ at $93.9 based on price action recorded at the September 9, 2026 close. Looking ahead, markets remain focused on any additional commentary from Federal Reserve officials to gauge how the recent oil spike impacts future inflation expectations, especially following the persistent pressure seen in recent producer price data.