Market Open: Stocks Down, Treasury Yields Up, Fed Meets on Rates • 9/15/26

Summary

CNBC's market update opened with stocks lower and bond yields higher, as the 10-year Treasury yield touched a 19-year high and mortgage rates approached 7.2%. The Fed began its two-day meeting with a hike widely expected, while software and cyber stocks pulled back from yesterday's rally. Chip makers traded higher, oil/diesel prices remained elevated on supply concerns, and other corporate news included Kraft Heinz brand revivals and Apple's Emmy wins.

• Stocks opened lower, with the Dow, S&P 500, and Nasdaq all in the red.
• The 10-year Treasury yield hit 5.041%, its highest since 2007.
• Fed meeting began with markets pricing a near 93% chance of a 25bp rate hike.
• Mortgage rates rose to nearly 7.2% for a 30-year fixed loan.
• Software and cyber stocks reversed yesterday's gains; chip makers Intel, Qualcomm, and Cerebras rose.
• Oil and diesel prices stayed elevated amid Saudi pipeline and Strait of Hormuz disruptions.
• Apple won 14 Emmy awards for its series Widow's Bay; Kraft Heinz expanded Philadelphia cream cheese flavors.