US Stocks Mixed as Yields Remain at Multiyear Highs
2026-09-29 19:22
By
Isabela Couto
1 min. read
US stocks were mostly lower on Tuesday, weighed down by another rise in Treasury yields to fresh multiyear highs.
The S&P 500 edged lower, the Dow shed over 100 points, while the Nasdaq edged higher.
Elevated oil prices and yields continued to pressure equities, with the 10-year yield trading near levels not seen since 2007 and the 30-year yield hovering around a 2004 high.
Inflationary pressures from elevated crude and fuel prices, along with concerns over fiscal deficits, drove the bond selloff.
New York Fed President Williams said another interest rate hike could be necessary this year.
Bank stocks moved lower, with Bank of America down nearly 1%.
AI hyperscalers and chipmakers, both facing record levels of debt issuance, traded mixed.
Alphabet fell nearly 1% and Nvidia lost about 0.5%, while Meta gained 2%, Oracle jumped 4%, and Broadcom and Micron rose over 1.5% each, as the planned Anthropic IPO lent support to the sectors.
The IPO could value the company at over $2 trillion.