Bond yields are spiking, oil is up — but investors aren’t giving up on stocks

Futures-options traders work on the floor at the New York Stock Exchange's NYSE American (AMEX) in New York City, U.S., Sept. 8, 2026. Brendan McDermid | ReutersSurging oil prices and bond yields have made markets choppy in recent weeks — but many investors are digging ing and hoping returns are in sight.Global government bonds extended a sell-off after the U.S. 10-year Treasury yield breached the closely watched 5% level on Tuesday, while oil has been holding above $100 a barrel as the Iran war's supply shock continues.Equities have largely been on a tear this year despite a global energy crisis, surging bond yields and bouts of volatile trade amid geopolitical developments, with the S&P 500 adding more than 10.8% so far this year. The tech-heavy Nasdaq Composite has jumped 11.8% year-to-date, while the Dow Jones Industrial Average is up 8.4%. Beyond Wall Street, stocks listed in South Korea, Japan and Europe have also rallied.As stocks faced more volatility this week after leading AI voices warned the tech was moving too fast to be safe and safeguards were needed, Bank of America's latest Global Fund Manager Survey revealed on Tuesday that many market participants appear unde...