Thursday, 24 September 2026
Market closed flat despite mixed forces and rising bond yields.
The market ended the day roughly flat as Health Care and Energy led, while Materials and Utilities lagged, with AI infrastructure investment and easing credit conditions supporting the market despite disrupted oil prices and rising bond yields. The tension between these forces will likely continue into the next session. The reversal of oil prices will be a key indicator of whether the current trend continues.
Why it mattered: Today's close sets up a fragile market heading into the next session, with several conflicting forces at play.
What we said to watch
The continuation or reversal of oil prices' recent sharp decline will be crucial in determining the market's next move.
This is the reading as it was written on the day. It has not been edited with hindsight, and it may have turned out to be wrong.
Market intelligence only. Not financial advice, not a recommendation, and not an offer to buy or sell any security. No trade execution.