Oil Eases, U.S.-China Truce Extended, Consumer Data Ahead
By Juliegrace Brufke | Quincy News Correspondent
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Washington (Quincy News) — Market Recap: U.S. stocks finished nearly unchanged Thursday, recovering from earlier losses. The S&P 500 and Nasdaq were essentially flat, while the Dow fell 0.3%.
Oil rose after a Houthi missile attack on Saudi Arabia renewed concerns about supply disruptions. Brent gained 3.4% to settle at $106.60 a barrel. The 10-year Treasury yield held near 5.2%, while the 30-year yield extended its rise to a fresh post-2004 high of about 5.50%. Higher Treasury yields have pushed the 30-year mortgage rate to about 7.45%, its highest since 2024, and credit card and auto loan costs could be poised to rise as well.
Today’s Focus: Stock futures pointed higher Friday morning as technology shares advanced. Oil eased Friday after Iran offered to reopen the Strait of Hormuz and resume nuclear talks within seven days if the U.S. accepts its conditions, though no agreement has been announced.
Treasury Secretary Scott Bessent said the U.S. and China agreed to extend their trade truce until Jan. 10, but no broader agreements were announced following Thursday’s Trump-Xi summit. The leaders meet again this morning for tea before visiting the National Archives.
August durable-goods orders arrive at 8:30 a.m. ET, followed by the final September University of Michigan consumer sentiment index at 10 a.m. The preliminary sentiment reading fell to 47.8, its second-lowest level on record.
ON THE SCHEDULE FOR FRIDAY, SEPTEMBER 25, 2026
-8:30 a.m. ET – August durable-goods orders
-10 a.m. ET – Final September University of Michigan consumer sentiment index
-Beginning at 10:30 a.m. ET – President Trump and first lady Melania Trump host President Xi and Madame Peng Liyuan for tea, followed by a visit to the National Archives
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