Yields surge, stocks fall

Melisa R. H. Posted On September 23, 2026

The U.S.10-year yield continued to climb, up to 5.106% on Wednesday. Jittery investors sold off stocks in New York and Toronto, while the price of oil rebounded. The S&P closed -0.75%, the Nasdaq -1.13%, and the Dow -0.68%. Cybersecurity was one of the few winners as Palo Alto Networks rallied 5% and CrowdStrike 4.97%. Elsewhere: Amazon -2.24%, PG&E -3.65% and Paychex -8.77%. Bitcoin slid over 2% to US$84,400.

In commodities, gold slipped 1.8% to US$4,285, silver fell 4% to US$64.25, but WTI oil rebounded 2.4% to US$92.70. Only three sectors enjoyed gains, most of all healthcare, while financials and particularly materials lost the most ground. The TSX sank 1.6% or almost 600 points. Winners and losers: CIBC -2.76%, Thomson Reuters 3.08%, Enerflex 3.52%, Ivanhoe Mines -4.09% and Manulife -1.01% which was the most active stock.

💾 Palo Alto Networks (PANW) +5%

💾 CrowdStrike Holdings (CRWD) +4.97%

📦 Amazon.com, Inc. (AMZN) -2.24%

💡 PG&E Corp (PCG) -3.65%

💾 Paychex (PAYX) -8.77%

🅱 Bitcoin (BTCUSD) (BTC-USD) -2%

🏛 Canadian Imperial Bank of Commerce (CM.TO) -2.76%

🖨 Thomson Reuters Corp (TRI.TO) +3.08%

⚙ Enerflex Ltd (EFX.TO) +3.52%

⛏ Ivanhoe Mines Ltd (IVN.TO) -4.09%

🏛 Manulife Financial (MFC.TO) -1.01%