Live News EQUITY ARTICLE M impact Sep 28, 2026, 08:01 PM UTC

US stocks fall as higher oil prices and Treasury yields weigh

The S&P 500, Nasdaq and Dow all ended lower as oil prices rose and Treasury yields climbed. Nvidia gained after announcing a $150 billion share buyback, while Tesla fell after J.P. Morgan cut its price target.

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SquawkNews Newsroom 2 updates Updated Sep 28, 2026, 08:25 PM UTC

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08:15:41 PM UTC

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(Adds new post) US indexes end red; Nasdaq off most, down ~0.9% Comm Svcs weakest S&P 500 sector; just healthcare, staples, energy positive Dollar up; bitcoin drops; US crude up ~0.5%; gold down ~3.8% US 10-year Treasury yield rises to ~5.23% Welcome to the home for real-time coverage of markets brought to you reporters. You can share your thoughts with us at Stocks Fall, Yields Jump On Fed, Iran Worries Wall Street fell and US Treasury yields hit fresh two-decade highs on Monday as investors weighed the prospects of an Iran peace deal against the likelihood of further Federal Reserve rate hikes. Oil prices settled slightly higher on worries about ongoing supply disruptions, as Qatari mediators pledged to hold talks with the US and Iran in hopes of reopening the Strait of Hormuz. US President Donald Trump said Saturday he had rejected an Iranian proposal to reopen the Strait and end fighting in the Middle East. Rising crude and diesel prices have stoked inflation worries and pushed Treasury yields higher, compounded by comments from Fed officials suggesting more rate hikes may be needed if price pressures fail to ease following this month's 25-basis-point increase. Thirty-year Treasury yields hit their highest levels since mid-May 2004, while 10-year yields touched their highest since mid-June 2007. The Dow Jones Industrial Average fell 0.67%, the S&P 500 fell 0.77% and the Nasdaq Composite fell 0.92%. Losses were limited, however, by a roughly 1.7% gain in Nvidia after the chipmaker announced a $150 billion share buyback — its largest ever. Here is where markets stand at Monday's stock market close: (Karen Brettell) *** Earlier On Live Markets: Weak Demand Could Push Treasury Yields Higher, Bofa Click Here Strong Earnings Help Stocks Defy Surge In Bond Yields Click Here Diesel Daze: Inflation Pressures, Export Bans, And Midterms Click Here Us Stocks Feel The Heat As Oil And Yields Climb Click Here S&p 500's Twin Boom In Prices And Profits May Signal Leaner Returns Ahead Click Here S&p 500 Still Searching For A Breakout Click Here Surprise! Ai Sentiment Turns Sharply Negative In Asia Click Here The French Debt Selloff Could Slow Ecb Hikes Click Here Software's Ai Comeback Gathers Pace Click Here Uk Builders Top The Charts As Stoxx Inches Up Click Here Before The Bell: Europe Up, Oil Keeps Markets On Edge Click Here A New Neutral Rate, Much Like A Decades-old One Click Here Monitor

08:25:35 PM UTC

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US STOCKS – Stocks fall as higher oil prices, Treasury yields weigh

Morgan trims PT By Chuck Mikolajczak and Johann M Cherian NEW YORK, Sept 28 (Reuters) — US stocks fell on Monday as oil prices and Treasury yields increased, with investors weighing uncertainty over the prospects for an Iran war peace deal and the impact on the Federal Reserve's rate path. Crude prices had jumped after US President Donald Trump rejected a peace deal from Iran but pared gains on expectations that Qatari mediators would hold talks with the two countries to find a possible deal. After retreating from highs at the start of the month, oil prices have accelerated higher in recent days as hopes that a peace deal may be on the horizon have diminished.

The rising prices of crude and diesel fuel have fanned inflation worries and pushed US Treasury yields higher, along with comments from Fed officials indicating that more rate hikes might be needed if price pressures fail to moderate after the central bank raised interest rates by 25 basis points earlier this month. "Iran is driving oil prices, and oil prices are driving inflation, and inflation is driving interest rates," said Jack Ablin, chief investment strategist and founding partner at Cresset Capital Management in Chicago. " "It's less of an earnings story right now than it is a valuation story," he said. 09.

84. " Helping to curb declines was a gain in Nvidia shares after the chip giant announced a $150 billion share repurchase authorization, the biggest-ever company share buyback. Iran announced a peace proposal at last week's United Nations General Assembly in New York, saying it had been relayed to the United States through Qatari mediators. While Trump said on Saturday he had rejected the offer, he told Axios on Sunday that he expected US negotiators to continue talks this week.

Federal Reserve Governor Lisa Cook said on Monday she expects continued inflationary pressure in coming months stemming from AI-related demand and higher oil prices, though she stopped short of saying more interest rate hikes will be needed. Expectations for a rate hike from the Fed at its October meeting have climbed in recent days, in part due to economic data indicating the economy was growing at a solid pace. 7% a month earlier, according to CME FedWatch. Several key economic releases are due this week, which could help shape the path of Fed policy, including a reading on inflation and the labor market, culminating in Friday's government payrolls report.

Morgan lowered its price target on the stock, citing weak deliveries in the third quarter. social)