The S&P 500 suffered its worst single-session loss since March 24
Wall Street extended this week's slide, falling as bond yields climbed to multi-year highs following the Fed's decision to keep interest rates unchanged. The U.S. dollar rose alongside Treasury yields, with the dollar index making a "golden cross" and hitting its highest level since March 9 earlier today.
The Dow and Nasdaq both shed triple digits for their worst session since Aug. 24, while the S&P 500 clocked its worst single-session drop since March 22, all three benchmarks' third-straight loss. The VIX also logged its best percentage-point gain since May.
Continue reading for more on today's market, including:
- Oil stock flashing a surefire signal.
- End of September brings inflation data barrage.
- Plus, CrowdStrike's margin outlook; homebuilder's bearish attention; and bad news for Broadcom.


5 Things to Know Today
- Cisco Systems (CSCO) will acquire cybersecurity software firm Splunk (SPLK) in an all-cash deal worth roughly $28 billion. This marks the company's largest acquisition ever. (CNBC)
- Rupert Murdoch is stepping down as chair of Fox Corp. and News Corp. The 92-year-old media mogul will pass the reign to his eldest son, Lachlan.(MarketWatch)
- More on this tech firm's improved margin outlook.
- Homebuilder stock flagged by options bears.
- Put traders blasted this semiconductor stock.


Gold Futures Snap Win Streak After Dollar Surges
Russia added to global supply issues today, saying it will temporarily ban exports of gasoline and diesel. Logging its third consecutive daily loss, oil futures for November delivery shed 0.03 cent, or under 0.1%, to settle at $89.63 per barrel.
The dollar's surge weighed on gold futures, snapping the precious metal's five-day win streak. December-dated gold shed $27.50, or 1.4% -- its largest percentage-point decline since Aug. 1 -- to close at $1,939.60 an ounce on the day.