In Monday trading, the tech-heavy NASDAQ Composite fell 0.9%, benchmark S&P 500 dropped 0.8% and the Dow Jones Industrial Average fell 0.7%.
The 10-year Treasury yield, benchmark for mortgage rates, corporate bond rates, and interest rates on various loans, climbed climbed above 5.23% in the morning, its new highest point since 2007, then settled to 5.23% late-afternoon, still up almost 7 basis points since Friday.
Oil prices, still hanging upon events and perceptions relating to the Middle East, climbed when President Donald Trump rejected Iran’s proposal to open the Strait of Hormuz for a week, yet were offset partly by Saudi Arabia resuming East-West pipeline operations and related petroleum sales. Overall, U.S. benchmark West Texas Intermediate (WTI) crude future climbed 0.5% to $92.85 late-afternoon, while international benchmark Brent crude futures climbed 1.3% to $105.70.
The U.S. dollar index rose 0.2% against a selection of foreign currencies to $101.21 late afternoon. Gold futures dropped 3.7% to $4,160 per ounce late afternoon.
Coming up this week, and watched for by investors, Consumer Spending data gets announced Wednesday and the U.S. jobs report comes out Friday.
The Federal Reserve reputedly is expected to continue emphasizing inflation and possibly, or perhaps likely, raise interest rates again late-October.
In the News
- Nasdaq Leads Indexes Lower, Stocks Start Week With Losses; Markets News, Sept. 28, 2026: Nasdaq, AI Stocks Fall to Start Week; Treasury Yields Jump – Investopedia
- Stock market today: Dow, S&P 500, Nasdaq fall as Treasury yields continue to climb; Stocks fall amid U.S.-Iran tensions, rising Treasury yields; Markets were on edge as US-Iran tensions resurfaced and concerns about AI safety intensified ahead of an economic data-packed week – Yahoo
- Stocks fall; oil prices off highs amid renewed hopes for Middle East negotiations – Reuters
- Nearly half the stocks in the S&P 500 are at cross purposes with the rest of the market – CNBC
- Markets Brief: Are We in an Earnings Bubble? A look at the durability of the earnings boom ahead of Q3 results. Plus, is AI really crowding out Treasuries, and more blurring between growth and value stocks. – Morning Star
- Just 5 Tech Stocks Are Hiding The Bear Market From You – Barron’s
- Stock Market Today: Dow, S&P 500 and Nasdaq close lower, as oil prices rise and 10-year yields hit 19-year highs; Stocks close lower, as investors worried that rising Treasury yields, fueled by another gain in oil prices, will make equities less attractive – MarketWatch
- [PDF] S&P Global US Flash PMI®; Business growth surges to fastest for over five years and job gains accelerate, but price pressures also intensify amid spike in costs – SPC Global
- Markets – Morningstar
- NASDAQ Composite Index (COMP) – NASDAQ
- NASDAQ 100 – NASDAQ
- S&P 500 – Yahoo Finance
- U.S. Stock Market Today – Fox
- Stock Market Indexes Today – Motley Fool
- Dow Jones Industrial Average – Yahoo Finance
- Dow Jones Industrial Average – S&P Global DJIA
- NYSE Composite – New York Stock Exchange
- U.S. 10 Year Treasury Note – MarketWatch
- CME Group West Texas Intermediate (WTI) Light Sweet Crude Oil futures
- ICE Brent Crude Futures
- U.S. Dollar Index (DXI) – MarketWatch
- Gold futures – CME
- PMI by S&P Global
- Federal Reserve Calendar
- Federal Reserve
- Consumer Spending – Bureau of Economic Affairs
- U.S. Jobs Reports – Current Employment Statistics – CES (National) – Bureau of Labor Statistics
