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Weekly Market Snapshot: Yields at Multi-Decade Highs, Oil Eases on Hormuz Hopes — Week of Sept. 22–26, 2026

Week of September 22–26, 2026 It was a week of two forces tugging in opposite directions. Bond yields surged to levels not seen since 2004–2007, driven by resilient US economic data, hawkish Fed signals, and oil-driven inflation fears — putting pressure on equities and the Canadian dollar. Then, late in the week, reports emerged that US and Iranian negotiators were exploring a phased deal to reopen the Strait of Hormuz. Oil pulled back sharply Friday, yields stabilized, and markets found enough relief to post a partial recovery. The TSX finished the week slightly lower but well off its worst levels, while US indices managed a weekly gain. 🍁 Canada — TSX & the Loonie The S&P/TSX Composite entered the week near 35,800 and, after a volatile ride, closed Friday around the same level — giving up roughly 0.3% on the week. Mid-week selling was driven by the same forces pressuring global markets: surging US Treasury yields, a rising oil-inflation premium, and investor nervousness ahea...

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Wall Street Ends a Volatile Week Almost Where It Started

 

After a tumultuous week that saw sharp swings and market uncertainty, Wall Street managed to claw back some losses and finish almost where it began. Here are the key takeaways:

  1. Steady Recovery: The S&P 500 index showed resilience, gaining 0.3% on Friday. This followed its best day since 2022, and it’s now close to erasing the brutal losses suffered earlier in the week.

  2. Mixed Performance: The Dow Jones Industrial Average also edged up by 25 points (0.1%), while the Nasdaq composite rose 0.2%. Both indexes are still on track for slight weekly losses.

  3. Market Factors: The Japanese yen’s sudden strengthening caused turbulence as traders scrambled out of a popular trade. Additionally, concerns about a slowing U.S. economy weighed on investor sentiment.

  4. Upcoming Reports: Next week, investors will closely watch updates on consumer spending at U.S. retailers. These reports could drive further market swings.

In summary, Wall Street weathered a stormy week, and while uncertainties remain, it’s poised for stability as we head into the next trading days. 


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