Markets
Stocks Slide as Treasury Yields Reach 19-Year Highs After U.S. Business Activity Survey Hits Five-Year High
The S&P 500 fell 0.75% and the 10-year Treasury yield climbed to roughly 5.11% after S&P Global's flash composite PMI jumped to 58.4 and showed input costs rising at their steepest pace in four years — one week after the Federal Reserve raised rates.
By Marcus Elrod
Sep 24, 2026 · 5 min read
U.S. stocks fell broadly on Wednesday and Treasury yields rose to their highest levels since 2007, after a closely watched survey showed American business activity expanding at its fastest pace in more than five years and input costs climbing at the steepest rate in four years.
Discussion (0)
Sign in to join the discussion.
Loading comments…
Marcus Elrod
Marcus tracks positioning, flows and rates. He writes CI's weekly market internals column.
Marcus Elrod writes for Corporate Insider Inc.