Nikkei 225 Drops 1.5% as Yen Strength and BOJ Decision Weigh

As seen on the 24/7 Wall St. homepage on September 11, 2026.

MARKET OPEN

Nikkei 225 🇯🇵 JPX

Sep 10, 8:00pm ET

-1.49%

416.33

Tokyo opened 1.49% lower, with a firmer yen squeezing the exporters that carry the index and a Bank of Japan rate decision looming this month. Anyone holding Japan exposure is now trading the currency as much as the earnings.

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Tokyo's benchmark slipped to 416.33 at the open as a firmer yen put immediate pressure on the exporters that carry the most weight in the index. For Japan's big manufacturers, a stronger currency erodes the value of overseas revenue when it is converted back into yen, and that dynamic is playing out in real time at the open.

The Bank of Japan has a rate decision due this month, and that overhang is shaping how traders are positioning. A hike, or even a hawkish signal, would push the yen higher still, compounding the squeeze on export names. The rate decision is now the single variable the market is pricing around.

Related Market Updates

Biggest movers · At the close 4:10pm ET

Gainers

NVTSNavitas Semiconductor$9.34+11.1%
ALABAstera Labs$286.14+10.3%
APLDApplied Digital$19.52+9.5%
CIFRCipher Digital$8.44+9.4%
AMSCAmerican Superconductor$27.65+8.9%

Losers

BABoeing Company$168.07-10.8%
VLOValero Energy$386.59-9.4%
MPCMarathon Petroleum$435.28-7.5%
PSXPhillips 66$267.77-7.3%
WELLWelltower$227.34-5.5%

Boeing's 10.75% drop to $168.07 was the heaviest close in a 382-name priority list, with three big refiners right behind it. On the other side, Navitas led the gainers at +11.13%.

CLOSING BELL

U.S. Markets

4:00pm ET

S&P 500+0.72%
Dow Jones Industrial Average+0.13%
Nasdaq Composite+1.21%

Big tech did nearly all the work today: the Nasdaq added 1.21% while the Dow managed just 0.13%. That gap going into a Fed week tells you where the money is still crowding.

PSX Phillips 66

Regular session

3:40pm ET

$269.88

-5.72% open $286.25

A 5.72% slide to $269.89 takes roughly $6 billion off a $108.2 billion refiner in one session, a rare single-day drawdown for a name this size. Keep an eye on whether it holds the $270 line into the close.

VLO Valero Energy

Regular session

3:40pm ET

$389.50

-7.34% open $420.34

A 7.34% drop to $389.50 carves roughly $8 billion off a $112.1 billion refiner in a single session, far beyond this name's usual daily range. Keep an eye on whether it stabilizes above the $390 line into the close.

BA Boeing Company

Regular session

3:20pm ET

$169.29

-7.49% open $183.01

A 7.5% drop to $169.30 follows this morning's Q3 earnings miss, erasing roughly $10 billion from a $133.8 billion aerospace name in one session. Watch whether buyers step in near these levels.

HCA HCA Healthcare

Regular session

3:00pm ET

$442.59

-8.15% open $481.86

An 8.15% drop to $442.59 comes on the same day as a Q3 earnings beat, so something in the report mattered more than the headline numbers. Moves this size are rare for a hospital operator this large; the guidance commentary is where to look next.

CTAS Cintas

Regular session

3:00pm ET

$215.12

-4.49% open $225.23

A 4.49% slide to $215.12 is a heavy day for a low-beta uniform giant that rarely swings like this, trimming roughly $4 billion from an $85.3 billion market cap. Whether it holds this level into the close is the thing to watch.

UPS United Parcel Service

Regular session

2:40pm ET

$105.73

+4.05% open $101.61

A 4.05% climb to $105.73 follows this morning's Q3 earnings beat, a decisive vote on the logistics overhaul for a carrier whose market cap has shrunk to $79.2 billion. Follow-through from here is what tells you whether the turnaround has real traction.

STX Seagate Technology

Regular session

2:25pm ET

$674.54

+4.71% open $644.21

A 4.71% gain to $674.55 adds roughly $7 billion to a $153.4 billion storage name in a single session. Moves this size rarely stay quiet here, so keep an eye on whether it holds into the close.

SPGI S&P Global

Regular session

2:20pm ET

$447.05

-4.88% open $470.00

A 4.88% slide to $447.05 is an outsized day for a name that usually trades like a utility, and it comes after a Q3 earnings beat paired with a review of spinning off Capital IQ. Shareholders are voting on the breakup math.

CDNS Cadence Design Systems

Regular session

1:20pm ET

$347.76

+6.07% open $327.87

A 6.07% jump is a rare one-day move for this chip-design name, and it follows Monday's Q3 earnings report filed with the SEC. Keep an eye on whether the gain holds into the close.

IPO TERMS REVISED

Regenlab USA Inc. RGNA · Nasdaq

12:53pm ET

$6–$8 / share

$17.5M raise 2,500,000 shares

Regenlab USA sets $6-$8 IPO range for 2.5 million shares

Regenlab USA just put a number on its Nasdaq debut: $6 to $8 for 2.5 million shares, roughly $17.5 million at the midpoint with StoneX Financial running the book. The regenerative medicine company's first amendment moves it from placeholder to pricing territory, so the deal is close.