Week in ReviewNo. 5
Week in review: S&P 500 declines 0.8% for the week; oil jumps 9.4%
A look back at the week of September 7 across stocks, bonds, currencies and commodities — plus the economic calendar for the week ahead.
This archive edition was compiled from official historical data on September 23, 2026, when Diurna began publishing.
- S&P 5007,656.98▼ −0.80%
- Nasdaq26,333.04▼ −0.66%
- Dow52,573.29▼ −1.57%
- 10-yr yield4.96%▲ +18 bp
- EUR/USD$1.1592▼ −0.26%
- Gold$4,408.90▼ −1.51%
- WTI crude$100.05▲ +9.37%
- Bitcoin$77,277▼ −2.99%
Stocks
The S&P 500 fell 0.80% over the four sessions ended Friday, closing at 7,656.98. Elsewhere, the Nasdaq Composite lost 0.66%, the Dow shed 1.57%, and the small-cap Russell 2000 fell 2.41%. The week's best day for the S&P 500 was Friday (+0.86%); its worst was Thursday (−0.58%). For 2026, it is up 11.9%.
Rates
The 10-year Treasury yield rose 18 basis points on the week at 4.96%. The 2-year yield climbed 26 basis points to 4.63%. The gap between the two stood at 33 basis points, with the curve upward-sloping.
Currencies and commodities
The euro lost 0.26% against the dollar for the week, to $1.1592, while the dollar fell 1.41% against the yen. In commodities, WTI crude rose 9.4% to $100.05 a barrel and gold lost 1.5% to $4,408.90 an ounce. Bitcoin fell 3.0% over the seven days to $77,277.
One month at a glance
S&P 500
7,656.98
−0.9% 1 mo
Nasdaq
26,333.04
−0.4% 1 mo
10-yr
4.96%
+26 bp 1 mo
Euro
$1.1592
+0.5% 1 mo
WTI crude oil
$100.05
+20.3% 1 mo
Gold
$4,408.90
−0.7% 1 mo
The week in numbers
| Instrument | Last | Week chg | Week % | ||
|---|---|---|---|---|---|
| Stocks | |||||
| S&P 500 | 7,656.98 | −61.62 | −0.80% | ||
| Nasdaq Composite | 26,333.04 | −173.95 | −0.66% | ||
| Dow Jones Industrial Average | 52,573.29 | −840.96 | −1.57% | ||
| Russell 2000 | 2,903.94 | −71.71 | −2.41% | ||
| Cboe Volatility Index | 15.84 | +1.31 | +9.02% | ||
| Treasury yields | |||||
| 3-month Treasury bill | 4.07% | +16 bp | — | ||
| 2-year Treasury | 4.63% | +26 bp | — | ||
| 5-year Treasury | 4.78% | +24 bp | — | ||
| 10-year Treasury | 4.96% | +18 bp | — | ||
| 30-year Treasury | 5.35% | +11 bp | — | ||
| Currencies | |||||
| Euro (EUR/USD) | $1.1592 | −0.0030 | −0.26% | ||
| Japanese yen (USD/JPY) | ¥154.04 | −2.21 | −1.41% | ||
| British pound (GBP/USD) | $1.3508 | −0.0022 | −0.16% | ||
| Chinese yuan (USD/CNY) | 6.7082 | −0.0027 | −0.04% | ||
| Canadian dollar (USD/CAD) | 1.3858 | +0.0058 | +0.42% | ||
| Swiss franc (USD/CHF) | 0.8153 | +0.0061 | +0.75% | ||
| Australian dollar (AUD/USD) | $0.7173 | −0.0031 | −0.43% | ||
| Mexican peso (USD/MXN) | 16.9771 | +0.0780 | +0.46% | ||
| Commodities | |||||
| WTI crude oil | $100.05 | +8.57 | +9.37% | ||
| Brent crude oil | $104.61 | +8.33 | +8.65% | ||
| Natural gas | $2.831 | −0.144 | −4.84% | ||
| Gold | $4,408.90 | −67.70 | −1.51% | ||
| Silver | $64.55 | −1.49 | −2.26% | ||
| Copper | $6.470 | −0.128 | −1.93% | ||
| Digital assets | |||||
| Bitcoin | $77,277 | −2,382 | −2.99% | ||
Weekly changes from the prior Friday's close. Yields in percent; changes in basis points (bp). Currencies are ECB reference rates. Commodities are front-month futures settlements.
The week ahead
- Wed Sep 168:30 a.m.Import and export pricesBureau of Labor Statistics
- Wed Sep 162 p.m.Fed policy decision + economic projectionsFederal Reserve (FOMC)
Times are Eastern. Schedules from the BLS, BEA and Federal Reserve; see the full economic calendar.
Chart of the week
Source: U.S. Census Bureau.
Housing starts moved down to 1.28 million in August from 1.31 million in the prior month. That is down from 1.29 million a year earlier. Over the past 10 years it has ranged from 0.94 million (April 2020) to 1.81 million (April 2022).
What it measures. The seasonally adjusted annual pace at which builders broke ground on new privately owned homes.
Why it matters. Home construction is highly sensitive to interest rates and has large knock-on effects for jobs and spending, which makes it a classic leading indicator of the economy.
Diurna briefs are compiled from official and exchange data by our publishing system using fixed editorial rules; they describe market moves and do not speculate about causes. This is not investment advice. How we produce the Daily Brief.