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Weekly Market Snapshot: Yields at Multi-Decade Highs, Oil Eases on Hormuz Hopes — Week of Sept. 22–26, 2026

Week of September 22–26, 2026 It was a week of two forces tugging in opposite directions. Bond yields surged to levels not seen since 2004–2007, driven by resilient US economic data, hawkish Fed signals, and oil-driven inflation fears — putting pressure on equities and the Canadian dollar. Then, late in the week, reports emerged that US and Iranian negotiators were exploring a phased deal to reopen the Strait of Hormuz. Oil pulled back sharply Friday, yields stabilized, and markets found enough relief to post a partial recovery. The TSX finished the week slightly lower but well off its worst levels, while US indices managed a weekly gain. 🍁 Canada — TSX & the Loonie The S&P/TSX Composite entered the week near 35,800 and, after a volatile ride, closed Friday around the same level — giving up roughly 0.3% on the week. Mid-week selling was driven by the same forces pressuring global markets: surging US Treasury yields, a rising oil-inflation premium, and investor nervousness ahea...
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Stock Market Update: S&P 500 Targets 5,000 Amid Earnings Momentum

 

Wall Street is poised to wrap up another week on a positive note, with the S&P 500 aiming for a significant milestone: 5,000 points. If achieved, this would mark the first time the index has closed at such heights. Let’s dive into the key highlights driving the market:

Corporate earnings have been the driving force behind this week’s gains. Notable winners include:

  1. Cloudfare: The cloud services provider surged more than 24% after beating Wall Street’s sales and profit forecasts. Its robust outlook for 2024 propelled the stock to new heights.

  2. Expedia: Despite beating sales and profit targets, the online travel booking company faced a premarket decline of 15.6%. The announcement of CEO Peter Kern’s replacement added to the volatility.

  3. Take-Two Interactive: The publisher of popular video games like “Grand Theft Auto” stumbled, missing sales and profit targets. The company also revised its outlook downward.

Global Market Snapshot

  • Asia: Trading was mixed in Asia due to the Lunar New Year holiday. Tokyo’s market ended slightly higher, touching a 34-year high earlier in the day. The Bank of Japan’s commitment to its monetary policy supported investor sentiment.

  • Europe: Germany’s DAX and France’s CAC 40 remained flat at midday, while Britain’s FTSE 100 ticked up 0.1%.

  • China: Markets in mainland China were closed, and Hong Kong had a half-day session, with the Hang Seng shedding 0.8%. China’s securities regulator took measures to stabilize financial markets.

  • Australia: The S&P/ASX 200 added nearly 0.1%.

Commodities and Currency

  • Crude Oil: Benchmark U.S. crude lost 16 cents to $76.06 a barrel, while Brent crude declined 25 cents to $81.38 a barrel.

  • Currency: The U.S. dollar weakened against the Japanese yen (149.17 JPY) and the euro (1.0789 EUR).

  • Bitcoin: The cryptocurrency surged 4.6%, reaching $47,000 for the first time in nearly two years.

In summary, Wall Street’s upward trajectory continues, fueled by strong earnings reports. As investors keep an eye on the S&P 500’s march toward 5,000, the market remains dynamic and full of opportunities.


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