U.S. Stocks Close | PMI reignites expectations of a October rate hike to 70%, with the Nasdaq down more than 1%; cybersecurity stocks rally, with CRWD surging 5% to a record high; U.S. Treasuries suffer heavy losses, the dollar climbs above 101, and gold a
Why now
Thesis: Data-driven rate fear hits growth stocks
Catalyst to watch: Upcoming inflation and Fed commentary
Main risk: One PMI print can be revised
Why it matters
Hot PMI revives hike bets, lifting yields and the dollar while pressuring long-duration equities.
Sources
- googlenews · news.google.com · 2026-09-23 22:14 UTC