No. 14

Latest close: Tue, Sep 22

DiurnaFinance

The daily record of markets & money

Morning Brief

Oil falls below $100 a barrel; Nasdaq gains 2.3% to a record

In Monday's session, the Dow rose 0.7%, the 10-year Treasury yield fell to 4.96%, and gold settled at $4,383.90 an ounce.

  • S&P 5007,764.70▲ +1.49%
  • Nasdaq27,122.09▲ +2.26%
  • Dow52,048.83▲ +0.71%
  • 10-yr yield4.96%▼ −5 bp
  • EUR/USD$1.1490▲ +0.26%
  • Gold$4,383.90▼ −0.93%
  • WTI crude$95.78▼ −4.51%
  • Bitcoin$86,397▲ +6.33%

The S&P 500 rallied 1.49% to 7,764.70, its third straight gain and its biggest one-day gain since August 4, 2026. The tech-heavy Nasdaq Composite soared 2.26% to a record 27,122.09, and the Dow Jones Industrial Average gained 0.71% to 52,048.83.

Read the full edition

Chart of the day

Sahm rule recession indicatorminus 0.07 percentage points · August 2026

Source: Claudia Sahm via FRED. Shaded areas indicate U.S. recessions.

Sahm rule recession indicator fell to minus 0.07 percentage points in August from minus 0.03 percentage points in the prior month. Read more

Coming up

  • Tue Sep 2910 a.m.Job openings (JOLTS)Bureau of Labor Statistics
  • Wed Sep 308:30 a.m.GDP (third estimate)Bureau of Economic Analysis
  • Wed Sep 308:30 a.m.Personal income and spending (PCE inflation)Bureau of Economic Analysis
  • Fri Oct 28:30 a.m.Jobs report (Employment Situation)Bureau of Labor Statistics
Full economic calendar

Recent editions

Archive
  1. The Long ViewThe yield curve's track record, in one chartInversions have preceded every recession in the data — but the timing has varied widely.
  2. Week in ReviewWeek in review: S&P 500 slips 0.1% for the weekA look back at the week of September 14 across stocks, bonds, currencies and commodities — plus the economic calendar for the week ahead.
  3. Morning Brief10-year yield rises above 5.00%; bitcoin jumps 5.9%In Friday's session, the Nasdaq Composite added 0.4%, the Dow fell 0.2%, gold settled at $4,424.90 an ounce, and WTI crude fell to $100.30 a barrel.
  4. Morning BriefS&P 500 climbs 1.1%; 10-year yield falls below 5.00%In Thursday's session, the Nasdaq Composite added 1.7%, the Dow rose 0.6%, gold settled at $4,399.70 an ounce, and WTI crude fell to $101.91 a barrel.
  5. Morning Brief10-year yield climbs to 5.01%, highest since July 2007; oil slides 3.2%In Wednesday's session, the Nasdaq Composite was little changed, the Dow fell 1.2%, and gold settled at $4,387.50 an ounce.
  6. Morning Brief10-year yield climbs to 5.00%, highest since July 2007; oil surges 4.4%In Tuesday's session, the Nasdaq Composite lost 0.8%, the Dow fell 0.6%, and gold settled at $4,332.80 an ounce.

Worth reading

Selected coverage from other publishers
  1. Mortgage rates are nearing 7%, delivering another blow to a housing market already losing buyers and facing stalled salesFortune
  2. Asia stocks struggle for direction ahead of Trump-Xi meeting; China shares downInvesting.com
  3. IMF tells advanced economies to 'bring debt down' as borrowing costs riseBBC News
  4. Trump Says He Supports Banning Diesel Exports to Bring Down PricesThe New York Times
  5. ‘It doesn’t seem fair’: I’m retired and have plenty of money. Why can’t I qualify for a retail credit card?MarketWatch
  6. Asia stocks ride tech wave higher, oil stays subduedInvesting.com
  7. Sullivan: Wall Street admits it doesn't know where oil is headed. There's one stock they do agree onCNBC
  8. Lennar shares pop as Berkshire builds almost a 10% stake in beleaguered homebuilderCNBC
  9. The Nasdaq’s rapid rise to a record is sending a message to investors: Don’t wait for a pullback to buyMarketWatch
  10. ‘We believe in college’: inside Andreessen Horowitz’s $42m unaccredited academy that will charge Harvard prices without degreesFortune

A daily record, like the one Rome posted in the Forum.

Diurna takes its name from the Acta Diurna, the daily public notices of ancient Rome. Every morning we publish a plain-English account of what moved in markets, drawn directly from official data — no hype, no predictions. About Diurna