- US stocks dropped on September 28 as oil prices and bond yields rose, with major indices under pressure.
- Canadian consumer confidence remained neutral in late September, as uncertainty over oil prices and a riskier interest rate outlook weighed on households.
- Rising Treasury yields and oil prices create a challenging environment for equities, as higher yields compete with stocks and oil-driven inflation concerns persist.
Quotes
“Canadian consumer confidence showed little sign of improvement in late September, as uncertainty over oil prices and a riskier interest rate outlook continued to weigh on households that were already feeling pessimistic.”
“US stocks drop after oil prices and bond yields crank higher”
“Stocks fall, squeezed by rising oil prices and Treasury yields”