What Happened?

A number of stocks fell in the afternoon session after the 10-year Treasury yield jumped to 5.14%, reaching levels last seen in 2007 and raising borrowing costs across the economy. U.S. stocks fell early Thursday, according to the Associated Press, as surging Treasury yields and rebounding energy prices weighed on financial markets. 

A Treasury yield is the return investors earn for lending money to the U.S. government. The 10-year yield is closely watched because it serves as a benchmark for many other borrowing costs, including mortgages and corporate loans. When it rises, it becomes more expensive for households and businesses to borrow, which can slow spending and investment. Higher yields can also make stocks look less attractive. When investors can earn a relatively safe return of more than 5% from government bonds, some may choose to move money out of riskier assets such as equities. 

Companies that depend on borrowing to fund growth, or whose value is based heavily on expected future profits, often feel this pressure most. Rebounding energy prices added to the strain. Higher fuel costs can raise expenses for businesses and consumers and may keep inflation elevated, which could keep upward pressure on interest rates. Taken together, the jump in yields to their highest level in roughly two decades and the rise in energy prices created a difficult backdrop for stocks across the sector, with many companies moving lower together.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

• Renewable Energy company First Solar (NASDAQ: FSLR) fell 7.9%. Is now the time to buy First Solar? Access our full analysis report here, it’s free.
• Renewable Energy company Enphase (NASDAQ: ENPH) fell 2.5%. Is now the time to buy Enphase? Access our full analysis report here, it’s free.
• Renewable Energy company SolarEdge (NASDAQ: SEDG) fell 4.8%. Is now the time to buy SolarEdge? Access our full analysis report here, it’s free.
• Professional Staffing & HR Solutions company Alight (NYSE: ALIT) fell 9.6%. Is now the time to buy Alight? Access our full analysis report here, it’s free.
• Automobile Manufacturing company Goodyear (NASDAQ: GT) fell 4.7%. Is now the time to buy Goodyear? Access our full analysis report here, it’s free.

Zooming In On Alight (ALIT)

Alight’s shares are extremely volatile and have had 77 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The biggest move we wrote about over the last year was about 2 months ago when the stock dropped 17% on the news that the company's weak forward guidance overshadowed its better-than-expected second-quarter revenue and profitability. While Alight's second-quarter revenue and adjusted profitability came in ahead of estimates, investors focused on the company's 3.2% year-over-year sales decline and deteriorating outlook. 

Looking ahead, management offered cautious guidance, projecting third-quarter revenue to be 5.5% below analyst expectations at a midpoint of $2.09 Billion. 

Furthermore, the company's full-year forecasts for both revenue and adjusted EBITDA also fell short of consensus estimates, signaling ongoing challenges for the business.

Alight is down 69.9% since the beginning of the year, and at $11.33 per share, it is trading 82.9% below its 52-week high of $66.40 from September 2025. Investors who bought $1,000 worth of Alight’s shares 5 years ago would now be looking at only $48.38.

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