2026.09.2920:08:29UTC+00US Stocks Dip as Elevated Yields Weigh

US stock indices ended mostly lower on Tuesday, pressured by another climb in Treasury yields to fresh multiyear highs. The S&P 500 slipped 0.2%, the Dow Jones Industrial Average lost 130 points, while the Nasdaq Composite inched up 0.2%.

Persistently high oil prices and rising yields continued to weigh on equities. The 10-year Treasury yield traded near levels last seen in 2007, and the 30-year yield hovered around highs not seen since 2004. The bond selloff was driven by mounting inflationary pressures from elevated crude and fuel prices, as well as ongoing concerns about widening fiscal deficits. New York Fed President John Williams signaled that another interest rate hike could still be warranted this year.

Financials came under pressure, with major bank shares moving lower; Bank of America declined 0.9%. AI hyperscalers and chipmakers—both navigating record levels of debt issuance—were mixed. Alphabet slipped 0.5% and Nvidia fell 0.7%, while Meta climbed 3.2%, Oracle advanced 4%, Broadcom gained 1.6%, and Micron added 1%. Sentiment in the tech sector found some support from anticipation around the planned Anthropic IPO, which could value the company at more than $2 trillion.