Treasury yields surge to the highest level since 2007 on hot manufacturing data, ending the Nasdaq's record run. Russell 2000 and chips lead losses; earnings from CTAS, PAYX, GIS, CBRL headline a quiet corporate day.
The Fed raised rates for the first time in three years — and Chair Kevin Warsh's press conference spooked markets more than the hike itself. Dow -1.7%, S&P -1%, Nasdaq -0.8%. Here's what it means for the next session.
Post-close recap ahead of the September 16 FOMC decision — 10-year yields hit 2007 highs, oil spikes 4%, and Lennar's Q3 print collides with the Fed on the same afternoon.