# Wall Street Drops as Treasury Yields Rise

> Wall Street falls off record highs as Treasury yields climb, sparking inflation fears.
- Title: Wall Street Drops as Treasury Yields Rise · mint | Shortify
- Summary: Wall Street falls off record highs as Treasury yields climb, sparking inflation fears. Wall Street closed lower after Treasury yields hit a 24-year high…
- Keywords: treasury yields, s&p 500, dow jones, wall street, inflation, fed, stock market, treasury bonds, oil prices, space x, money, business
- Source: mint — https://livemint.com/market/wall-street-ends-lower-off-record-highs-as-treasury-yields-climb-11791403312250.html
- Published: 2026-10-07T20:01:51+00:00
- Read time: 1 min
- Topics: treasury yields, s&p 500, dow jones, wall street, inflation, fed, stock market, treasury bonds, oil prices, space x, money, business
## Wall Street Closes Lower
Wall Street closed lower on Wednesday as Treasury yields climbed, ending off record highs.
## Treasury Yields Hit 24-Year High
US 30-year Treasury yield reached a 24-year high, sparking inflation worries and debt concerns.
## Oil Prices Surge
Brent crude briefly exceeded $100 per barrel due to Iran war-related supply fears.
## Fed Minutes Show Division
Federal Reserve minutes revealed disagreements over the rationale for the recent interest rate hike.
## SpaceX Shares Fall
SpaceX shares dropped after reports of a $40 billion financing push for Nvidia chip purchases.
## Market Indices Drop
S&P 500 lost 17.78 points to 7,801.15, Nasdaq fell 66.50 points to 27,533.39, and Dow dropped 355.91 points.
## Market Reaction
Investors sought relief as oil prices dropped following the International Energy Agency's oil release agreement.
## Key takeaway

Wall Street closed lower after Treasury yields hit a 24-year high, raising inflation concerns and triggering a market downturn.