Stocks Fall as Treasury Yields Rise -- WSJ

By Caitlin McCabe

Friday closes a chapter in investing history, with Warren Buffett stepping down as chairman of Berkshire Hathaway. In the post-Buffett era, attention is turning back to bond yields.

Global government bond yields are on the upswing, after pausing their rally earlier today. The 10-year Treasury yield is above 5% again.

The move higher in bond yields largely mirrors oil prices, which have erased most of their losses from earlier today. Brent is trading around $104 a barrel. The U.K. Maritime Trade Operations Centre, which is affiliated with Britain's navy, reported today that a tanker in the Strait of Hormuz was struck on Wednesday.

For now, higher bond yields are dampening stock indexes, which are all in the red. Also weighing on sentiment: data from the Federal Reserve showing that manufacturing output fell 0.3% in August following seven straight months of gains.

The AI trade is still working, though, with shares of hyperscalers, chip makers and data-storage providers climbing.

Meanwhile, the Bank of Japan raised its benchmark interest rate, as expected, to its highest level since 1995. Even so, dissent from two board members triggered a drop in the yen by raising doubts about the pace of further policy changes.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

September 18, 2026 14:02 ET (18:02 GMT)