US Equity Indexes Retreat as Treasury Yields Jump After IEA Agrees on Plan to Release Record Stockpiles

12:04 PM EDT, 03/11/2026 (MT Newswires) -- US equity indexes fell as government bond yields rose around midday Wednesday after the International Energy Agency confirmed plans for a record release of crude oil reserves, and fighting between Iran and Israel reportedly intensified.

The Nasdaq Composite slipped 0.2% to 22,648.2, the S&P 500 lost 0.5% to 6,750.2, and the Dow Jones Industrial Average fell 1% to 47,210.4.

The International Energy Agency's 32 member countries agreed to release a record 400 million barrels of oil from their emergency reserves to combat supply disruptions stemming from the war in Iran, the IEA said Wednesday.

West Texas Intermediate crude oil futures jumped 4.2% to $86.97, after trading lower earlier in the session.

Iran claimed it launched its "heaviest operation" since the war began, CNN cited state media reports, as interceptions were reported across Gulf states and Israel, which said it has begun an "additional wave" of strikes in Tehran on Wednesday.

Energy, technology, and communication services advanced around midday, while consumer staples and materials led the decliners.

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