Dow Slumps as U.S. Yields Top 5% Amid Elevated Oil Prices

The Dow Jones Industrial Average plummeted 95.40 points to close at 51,682.64 on September 18, marking a sharp reversal from the prior session's 316-point rally.

The decline was largely attributed to rising long-term U.S. interest rates and elevated crude oil prices, which weighed heavily on investor sentiment.

The tech-heavy Nasdaq Composite, however, continued its winning streak with a 104.25-point gain to 26,522.55, highlighting a significant divergence in market leadership between traditional large-cap stocks and technology shares.

Among individual names, IBM and Walt Disney led the Dow's decliners, while Amgen attracted buying interest as investors rotated into defensive sectors.