Stocks Fall as Oil Rally Keeps a Lid on Treasuries: Markets Wrap

Markets Hyperscalers Capex to Be Big 2027 Theme, UBS' Baweja SaysSource: Bloomberg Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Rita Nazareth October 22, 2026 at 10:05 PM UTC Updated on October 23, 2026 at 1:48 PM UTC A resurgence in oil prices dragged down stocks and bonds, stoking concerns about inflation just days ahead of the Federal Reserve decision on rates. Brent crude topped $115 as a flare-up in Middle East violence threatened global supplies. The S&P 500 saw back-to-back losses. That’s even as selling pressure on tech firms abated. A gauge of chipmakers bounced, while still heading toward its longest weekly slide since November. Treasury yields edged up after the bond market had its best day in more than a year.