Dow, Nasdaq Drop Amid Oil Price Surge and Higher Treasury Yields

The Dow Jones Industrial Average plummeted by 405.41 points, or 0.77%, to close at 52,380.66 on September 9, marking a third consecutive losing session for major U.S. stock benchmarks.

The decline was fueled by rising oil prices and higher Treasury yields, which added pressure to equity valuations just before closely watched U.S. inflation reports.

Oil's renewed advance saw Brent crude settle above $100 a barrel for the first time since July, while technology shares weakened due to the impact of rising long-term Treasury yields on growth stocks.