--- title: "Bitcoin Tops $80,000, S&P 500 Slips as Yields Reclaim 5%: Stock Market Today" type: "News" locale: "en" url: "https://longbridge.com/en/news/299474642.md" description: "Bitcoin surpassed $80,000, driving a rally in crypto-linked equities like Strategy Inc. and Coinbase, while the S&P 500 slipped as 10-year Treasury yields reclaimed 5% following hawkish signals from Kansas City Fed President Jeffrey Schmid regarding sticky inflation. Energy prices eased slightly, but materials and steel stocks lagged due to weak earnings guidance. Semiconductors bucked the trend with gains, whereas speculative growth and space stocks declined amid rising real yields." datetime: "2026-09-18T16:55:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/299474642.md) - [en](https://longbridge.com/en/news/299474642.md) - [zh-HK](https://longbridge.com/zh-HK/news/299474642.md) generator: "portal-rs" --- # Bitcoin Tops $80,000, S&P 500 Slips as Yields Reclaim 5%: Stock Market Today **Bitcoin** (CRYPTO: BTC) punched through $80,000 on Friday, driving a rally in crypto equities even as broader markets stalled under rising bond yields. Kansas City Fed President **Jeffrey Schmid** delivered a hawkish signal, defending rate hikes against sticky, broad-based inflation above 3%. Bond yields spiked in response: - The 10-year Treasury note surging 7 basis points back to 5%. - The 2-year yield rose 7 basis points to 4.75% - The 30-year climbed 4 basis points to 5.34%. ## Energy Prices Offer Rare Bit of Relief West Texas Intermediate crude eased 0.4% to $101.50 a barrel and Brent slipped 0.5% to $104.26, extending a mid-week retreat even as supply concerns tied to Saudi Arabia and the broader Middle East stayed live. Natural gas moved the other way, adding 0.8% to $2.92 per MMBtu, keeping the energy inflation story on the table. The S&P 500 slipped 0.2% to 7,621.16, while the Dow Jones Industrial Average gave back 222 points, or 0.4%, to 51,555.73.  **International Business Machines Corp. (NYSE:IBM)** was the heaviest weight on the blue-chip index, falling 3%. The Nasdaq 100 was the most resilient of the majors, hovering just below the flatline at 29,425.62. The Russell 2000 was the clear laggard again, down 0.9% to 2,848.24 and now off 3.7% for September. Gold firmed as the pullback in crude eased near-term inflation anxiety, with spot bullion up 0.4% to $4,358 an ounce and the **SPDR Gold Shares (NYSE:GLD)** gaining 0.4%. Silver outpaced it, rising 1.6% to $66.24. ## Friday’s Performance In Major US Indices | Index | Last | % Change | MTD | YTD | | ------------ | --------- | -------- | ----- | ------ | | S&P 500 | 7,621.16 | -0.2% | -0.9% | +11.3% | | Dow Jones | 51,555.73 | -0.4% | -3.1% | +7.3% | | Nasdaq 100 | 29,425.62 | -0.1% | -0.1% | +16.5% | | Russell 2000 | 2,848.24 | -0.9% | -3.7% | +14.8% | *Updated by 12:15 p.m. ET* According to the Benzinga Pro platform: - The **Vanguard S&P 500 ETF (NYSE:VOO)** fell 0.2%. - The **SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA)** slid 0.7%. - The **Invesco QQQ Trust (NASDAQ:QQQ)** edged down 0.1%. - The **iShares Russell 2000 ETF (NYSE:IWM)** dropped 0.9%. ## Materials, Solar Lead Sector Drag As Chips Buck Trend The **Energy Select Sector SPDR Fund** (NYSE:XLE) rose 0.2%, with the **Technology Select Sector SPDR Fund** (NYSE:XLK) essentially flat behind it. The **Materials Select Sector SPDR Fund** (NYSE:XLB) was the worst performer, down 1.5%, followed by the **Communication Services Select Sector SPDR Fund** (NYSE:XLC) and the **Utilities Select Sector SPDR Fund** (NYSE:XLU), both off 1.1%. The **Financial Select Sector SPDR Fund** (NYSE:XLF) shed 0.2% as banks and asset managers traded in the red on the back-up in yields. At the industry level, the **SPDR S&P Metals & Mining ETF** (NYSE:XME) was the day’s biggest casualty, down 2.3%, with the **Invesco Solar ETF** (NYSE:TAN) off 2.2% and the **VanEck Agribusiness ETF** (NYSE:MOO) down 1.7%. Semiconductors bucked the tape, with the **VanEck Semiconductor ETF** (NASDAQ:SMH) up 0.6% and the **U.S. Global Jets ETF** (NYSE:JETS) adding 0.2%. The chip rebound was led by equipment names, with **Lam Research Corp. (NASDAQ:LRCX)** up 5.1%, **Applied Materials Inc. (NASDAQ:AMAT)** up 4.1% and **Micron Technology Inc. (NASDAQ:MU)** adding 1.4%, recovering some ground lost when AI security concerns prompted investors to reconsider the pace of datacenter spending. **Sandisk Corp. (NASDAQ:SNDK)** rose 7.3% on the memory bid. AI hyperscalers went the other way on their debt issuance spree, with **Oracle Corp. (NYSE:ORCL)** down 3.3%. ## The Session’s Dominant Story Sits Outside Sector Map Bitcoin extended a roughly 5% weekly advance, after the Securities and Exchange Commission granted an innovation exemption enabling trading in tokenized stocks.  **Strategy Inc. (NASDAQ:MSTR)** surged 12.9% to $149.25 as the most levered listed proxy on the token, and **Bitmine Immersion Technologies Inc. (AMEX:BMNR)** climbed 7.4% on the same digital-asset treasury trade. The exchanges and brokers rode the same wave. **Coinbase Global Inc. (NASDAQ:COIN)** jumped 10.6% to $192.32 on volumes and the SEC tokenization exemption, while **Bullish (NYSE:BLSH)** added 7.4%, extending Thursday’s gains on the same ruling.  **Robinhood Markets Inc. (NASDAQ:HOOD)** rose 7.7% to $118.22, with analysts this week raising targets on accelerating Robinhood Chain fee growth and expanding prediction-market volumes. **Galaxy Digital Inc. (NASDAQ:GLXY)** gained 7.6%. The pain was concentrated in steel and speculative growth.  **Nucor Corp. (NYSE:NUE)** sank 6% after guiding third-quarter earnings to $5.55-$5.65 per diluted share late Thursday, well short of the roughly $6.20 analysts were modeling, with weaker raw materials pricing and shipments offsetting higher steel mill realizations. **Steel Dynamics Inc. (NASDAQ:STLD)** slid alongside it on its own soft guide. ## Space Gives Back Recent Gains **AST SpaceMobile Inc. (NASDAQ:ASTS)** fell 7.1% to $58.26 and **Rocket Lab Corp. (NASDAQ:RKLB)** dropped 5.4% to $64.17, with **Planet Labs PBC (NYSE:PL)** down 4% alongside them. **IonQ Inc. (NYSE:IONQ)** fell 5.6% to $38.07, another high-beta casualty of the rotation out of long-duration speculative growth as real yields pushed higher. **QUALCOMM Inc. (NASDAQ:QCOM)** was the odd name out in a rising semiconductor tape, sliding 5.8% to $177.70. The move follows a roughly 18% one-month run built on the company’s multi-generational AI datacenter collaboration with Amazon announced Sept. 8, and looks like profit-taking against the Apple modem revenue cliff still ahead.  **General Motors Co. (NYSE:GM)** also fell 5.1% as record-high diesel prices pressure demand for full-size pickups and SUVs that generate the bulk of GM’s margin. ## Friday’s Russell 1000 Top Gainers | Name | % change | | ---------------------------------------- | -------- | | **Strategy Inc.** | +12.85% | | **Coinbase Global, Inc.** | +10.55% | | **Robinhood Markets, Inc.** | +7.66% | | **Bullish** | +7.38% | | **Bitmine Immersion Technologies, Inc.** | +7.35% | ## Friday’s Russell 1000 Top Losers | Name | % change | | -------------------------- | -------- | | **AST SpaceMobile, Inc.** | -7.10% | | **Nucor Corporation** | -5.95% | | **QUALCOMM Incorporated** | -5.83% | | **IonQ, Inc.** | -5.62% | | **Rocket Lab Corporation** | -5.39% | *Image: Shutterstock* ### Related Stocks - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [COIN.US](https://longbridge.com/en/quote/COIN.US.md) - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [CONL.US](https://longbridge.com/en/quote/CONL.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [CONI.US](https://longbridge.com/en/quote/CONI.US.md) - [COIW.US](https://longbridge.com/en/quote/COIW.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [COIG.US](https://longbridge.com/en/quote/COIG.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [VOO.US](https://longbridge.com/en/quote/VOO.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [CONY.US](https://longbridge.com/en/quote/CONY.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [IVV.US](https://longbridge.com/en/quote/IVV.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [COIA.US](https://longbridge.com/en/quote/COIA.US.md) - [COIO.US](https://longbridge.com/en/quote/COIO.US.md) - [CONX.US](https://longbridge.com/en/quote/CONX.US.md) - [COYY.US](https://longbridge.com/en/quote/COYY.US.md) - [FIAT.US](https://longbridge.com/en/quote/FIAT.US.md) - [ICOI.US](https://longbridge.com/en/quote/ICOI.US.md) - [SPLG.US](https://longbridge.com/en/quote/SPLG.US.md) - [SPXL.US](https://longbridge.com/en/quote/SPXL.US.md) - [UPRO.US](https://longbridge.com/en/quote/UPRO.US.md) - [SSO.US](https://longbridge.com/en/quote/SSO.US.md) - [SH.US](https://longbridge.com/en/quote/SH.US.md) - [SPXS.US](https://longbridge.com/en/quote/SPXS.US.md) - [SPXU.US](https://longbridge.com/en/quote/SPXU.US.md) - [SDS.US](https://longbridge.com/en/quote/SDS.US.md) - [SPYI.US](https://longbridge.com/en/quote/SPYI.US.md) - [JEPI.US](https://longbridge.com/en/quote/JEPI.US.md) - [XYLD.US](https://longbridge.com/en/quote/XYLD.US.md) - [03008.HK](https://longbridge.com/en/quote/03008.HK.md) - [03042.HK](https://longbridge.com/en/quote/03042.HK.md) - [03430.HK](https://longbridge.com/en/quote/03430.HK.md) - [07711.HK](https://longbridge.com/en/quote/07711.HK.md) - [09311.HK](https://longbridge.com/en/quote/09311.HK.md) - [BTCE.DE](https://longbridge.com/en/quote/BTCE.DE.md) - [MSTR.US](https://longbridge.com/en/quote/MSTR.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [DIA.US](https://longbridge.com/en/quote/DIA.US.md) - [IBM.US](https://longbridge.com/en/quote/IBM.US.md) - [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [IWM.US](https://longbridge.com/en/quote/IWM.US.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [XLK.US](https://longbridge.com/en/quote/XLK.US.md) - [XLB.US](https://longbridge.com/en/quote/XLB.US.md) - [XLC.US](https://longbridge.com/en/quote/XLC.US.md) - [XLU.US](https://longbridge.com/en/quote/XLU.US.md) - [XLF.US](https://longbridge.com/en/quote/XLF.US.md) - [XME.US](https://longbridge.com/en/quote/XME.US.md) - [TAN.US](https://longbridge.com/en/quote/TAN.US.md) - [MOO.US](https://longbridge.com/en/quote/MOO.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [JETS.US](https://longbridge.com/en/quote/JETS.US.md) - [LRCX.US](https://longbridge.com/en/quote/LRCX.US.md) - [AMAT.US](https://longbridge.com/en/quote/AMAT.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [ORCL.US](https://longbridge.com/en/quote/ORCL.US.md) - [BMNR.US](https://longbridge.com/en/quote/BMNR.US.md) - [BLSH.US](https://longbridge.com/en/quote/BLSH.US.md) - [HOOD.US](https://longbridge.com/en/quote/HOOD.US.md) - [GLXY.US](https://longbridge.com/en/quote/GLXY.US.md) - [NUE.US](https://longbridge.com/en/quote/NUE.US.md) - [STLD.US](https://longbridge.com/en/quote/STLD.US.md) - [ASTS.US](https://longbridge.com/en/quote/ASTS.US.md) - [RKLB.US](https://longbridge.com/en/quote/RKLB.US.md) - [STRF.US](https://longbridge.com/en/quote/STRF.US.md) - [STRC.US](https://longbridge.com/en/quote/STRC.US.md) - [STRK.US](https://longbridge.com/en/quote/STRK.US.md) - [STRD.US](https://longbridge.com/en/quote/STRD.US.md) - [ORCL-D.US](https://longbridge.com/en/quote/ORCL-D.US.md) - [BMNRD.US](https://longbridge.com/en/quote/BMNRD.US.md) - [BRPHF.US](https://longbridge.com/en/quote/BRPHF.US.md) ## Related News & Research - [Osmosis Took 74 Days To Discover A 40-BTC Nomic Exploit That Left Its Bitcoin-Backed Asset 36% Unbacked](https://longbridge.com/en/news/298903281.md) - [Hong Kong-based crypto exchange CoinEx to cease operations amid prolonged market downturn](https://longbridge.com/en/news/299010660.md) - [Wall Street’s Biggest Bull Cuts His S&P 500 Target: The Problem Isn’t Corporate Profits](https://longbridge.com/en/news/299322359.md) - [Bitcoin Life Granted Full Life Insurance Licence; Launches Regulated Bitcoin Product for International Investors | BTGO Stock News](https://longbridge.com/en/news/299283162.md) - [ViaBTC Partners with Mempool to Expand Access to BTC Transaction Acceleration Services](https://longbridge.com/en/news/299126618.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**