U.S. Stocks Fall as Treasury Yields Test Highs
U.S. stocks fell as Treasury yields climbed toward multidecade highs, lifting concerns about mortgage rates and corporate credit costs. The Dow, S&P 500 and Nasdaq all finished lower, while the 10-year yield briefly hit a 24-year high before easing after a strong auction.
S. stocks fell as volatility in Treasury yields sparked concerns about mortgage rates and corporate credit costs. 87. 77, down from a record high.
69. 20, and is roughly 9% below record highs from earlier this year, putting it on the cusp of correction territory. Stocks were down sharply in early trading after a recent spike in Treasury yields intensified. Stocks pared losses when the yields eased in the wake of a strong auction.
762%. 276%. 361% before a well-subscribed auction of the notes. 660%, on the verge of its highest level since 2002.
The worldwide "bond bear market" in 2026 is largely a response to changing central-bank policy, strategists at brokerage Bank of America Global Research said in a note to clients. Most Fed officials anticipated another rate hike this year during discussions at the September meeting, according to minutes released Wednesday. Some officials cast the plan as insurance against future inflation issues rather than a response to current conditions. The bond moves are causing pain in the mortgage market.
S. 52%, hovering around three-year highs, according to Bankrate. 6% and is now down by more than 8% year to date. S.
dollar resumed its climb against rivals, testing multiyear highs, as investors sought cover from risk. 80 a troy ounce. 28 a barrel in New York. Houthi rebels mounted more assaults on Saudi Arabian oil infrastructure while production in the Gulf of Mexico was shut in due to storm fears.
The energy sector is vying with the technology to be the leading industry group on the S&P 500 year to date due to the impact of the Iran war. British oil major Shell expects to report that its refining margin hit a record high in the third quarter, as attacks on shipping in the Middle East restrict global fuel supplies. Shares of tractor and combine makers fell sharply after the Federal Trade Commission and Agriculture Department launched a probe into potential anticompetitive practices in agricultural equipment markets. 87.
15. 83. K. 9 billion including debt.
Sycamore separated Boots from former owner Walgreens after a 2025 takeover. South Korean electronics giant LG Electronics forecast third-quarter operating profit well below market estimates amid lingering business uncertainties. ChatGPT's guardrails for underage users fall short of OpenAI's commitments to child safety. from the AI arm of the nonprofit group Common Sense Media.
Frasers Group, the retail conglomerate founded by British billionaire Mike Ashley, bought a stake in embattled sportswear brand Under Armour. Disney said its streaming platform would livestream the Super Bowl in 2027. com (END) Dow Jones Newswires October 07, 2026 16:47 ET (20:47 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters.
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