US stocks fall as oil prices and Treasury yields pressure markets

invezz.com (Dutch) —

US stocks fell Monday as rising oil prices and Treasury yields pressured markets, with the Dow Jones Industrial Average dropping 343.78 points, or 0.66%, to 51,484.84. The S&P 500 declined 0.76% and the Nasdaq Composite fell 0.91%. The 10-year Treasury yield climbed above 5.2% and the 30-year yield exceeded 5.5%, while oil prices remained elevated amid uncertainty over a potential US-Iran peace deal. Nvidia rose after announcing an additional $150 billion share buyback authorization, while other tech stocks like AMD, Micron, and Meta declined. Markets now price a 70.3% chance of a Federal Reserve rate hike in October, up from 57.6% a week earlier. Investors await key economic data this week, including the PCE inflation report, manufacturing figures, and September jobs data.


With a significance score of 2, this news ranks in the top 25% of today's 33224 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: