AI Concerns Shake Markets, 10-Year Near 5%, Fed Decision Ahead
By Tom LoBianco | Quincy News Correspondent
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Washington (Quincy News) — Market Recap: U.S. stocks fell Monday after leading artificial intelligence executives called for slowing development of the most advanced AI models over safety concerns. Anthropic CEO Dario Amodei called for a slower pace of development over the weekend, with other major AI industry figures expressing support. The selloff was concentrated in technology and semiconductor shares.
The Dow declined 0.3%, the S&P 500 fell 0.5% and the Nasdaq dropped 0.6%. Treasury yields also moved higher, with the 10-year yield briefly rising above 5% before retreating later in the day.
Oil prices remained high after drone attacks forced Saudi Arabia to shut a major pipeline used to move oil around the Strait of Hormuz. Brent crude climbed close to $110 a barrel Monday before settling at $105.68.
Today’s Focus: The Federal Reserve begins its two-day policy meeting Tuesday, with an interest-rate decision due Wednesday at 2 p.m. ET. Markets are pricing in a high probability of a quarter-point increase, which would be the Fed’s first rate hike since July 2023.
ON THE SCHEDULE FOR TUESDAY, SEPTEMBER 15, 2026
-Federal Reserve meeting begins
-Wednesday, 8:30 a.m. ET – August retail sales and import/export prices
-Wednesday, 9:15 a.m. ET – August industrial production and capacity utilization
-Wednesday, 10 a.m. ET – September NAHB Housing Market Index and July business inventories
-Wednesday, 2 p.m. ET – Federal Reserve interest-rate decision and economic projections
-Wednesday, 2:30 p.m. ET – Fed Chair Kevin Warsh press conference
-Thursday, 8:30 a.m. ET – Weekly jobless claims, August housing starts and building permits
-Thursday, 10 a.m. ET – August pending home sales
-Thursday, 1 p.m. ET – Treasury 10-year TIPS auction
-Friday, 9:30 a.m. ET – Fed Vice Chair for Supervision Michelle Bowman speaks
-Friday, 10 a.m. ET – Conference Board Leading Economic Index
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