The S&P 500<\/a> slid 0.77% to end at 7,683.69, while the Nasdaq Composite<\/a> slipped 0.92% to 26,820.38. At their session lows, the Dow was off more than 400 points, while the S&P 500 was down about 1%.<\/p>\n The major averages came off their lows around midday after CNN and Axios reported, citing White House officials, that President Donald Trump was open to providing sanctions relief to Iran on nuclear matters. The reports sent crude prices well off their highs of the day. <\/p>\n Treasury yields, however, built on last week’s sharp moves. The benchmark 10-year Treasury note<\/a> yield climbed above 5.2%. The 30-year bond yield<\/a> topped 5.5%. Both traded around multiyear highs. <\/p>\n Those yields have “come back up meaningfully today, and that’s causing an understandable weakness in the tape,” Justin Bergner, portfolio manager at Gabelli Funds, told CNBC. “The competition for capital with AI hyperscaler spending … also pressures the consumer with higher rates, so it kind of makes the market more one-sided than it already is.”<\/p>\n Several AI stocks led the major indexes lower on Monday. Advanced Micro Devices<\/a> and Micron Technology<\/a> fell 3.6% and 2.6% on the day, respectively. Amazon<\/a> and Microsoft<\/a> also edged down 1%, while Meta Platforms<\/a> shed 4.8%.\u00a0<\/p>\n However, Nvidia<\/a> bucked the trend in hyperscaler and other AI stocks. The stock popped 1.7% after the company announced on Monday it plans to buy back an additional $150 billion worth of its shares<\/a>, bringing the total value of its share repurchasing program to $235 billion. <\/p>\n Wall Street is coming off a winning week after tech and tech-linked names outperformed. Meta rallied nearly 13% in that time, as traders cheered the company’s Muse artificial intelligence agent. Microsoft climbed more than 4%, while Apple and Nvidia advanced more than 1% each. <\/p>\n Stock Chart IconStock chart icon 10-year Treasury yield in 2026<\/p>\n Those gains came even as Treasury yields raced to highs not seen in years, with traders increasing bets of more Federal Reserve rate hikes due to persistent inflation. The benchmark 10-year Treasury note yield scaled to a level not seen since 2007, and the 30-year bond yield reached a 2004 high. The 2-year note yield also jumped around 17 basis points last week. <\/p>\n Rates will be in focus again this week, with a slew of key economic data on deck. The August personal consumption expenditure price index, the Fed’s preferred inflation gauge, is due out Wednesday. New U.S. manufacturing numbers are due Thursday, while the closely watched September jobs report is set for release Friday. <\/p>\n","protected":false},"excerpt":{"rendered":"Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Sept.…\n","protected":false},"author":2,"featured_media":909042,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[23645,5066,64,63,28616,1053,99,174,12589,59432,1062,164,40461,259926,9068,171,22050,62170,20634,59430,1061,5063,59431,1063,9069,1054,2417,19949,19946,141003],"class_list":["post-909041","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-advanced-micro-devices-inc","tag-amazon-com-inc","tag-au","tag-australia","tag-boeing-co","tag-breaking-news-markets","tag-business","tag-business-news","tag-cac-40-index","tag-dow-jones-fut-sep25","tag-dow-jones-industrial-average","tag-economy","tag-ftse-100","tag-ice-brent-crude-oct25","tag-kospi-index","tag-markets","tag-meta-platforms-inc","tag-micron-technology-inc","tag-microsoft-corp","tag-nasdaq-100-fut-sep25","tag-nasdaq-composite","tag-nvidia-corp","tag-sp-500-fut-sep25","tag-sp-500-index","tag-sp-asx-200","tag-stock-markets","tag-suppress-zephr","tag-u-s-10-year-treasury","tag-u-s-30-year-treasury","tag-wti-crude-sep25"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/909041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=909041"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/909041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/909042"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=909041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=909041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=909041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"hide](\"https:\/\/static-redesign.cnbcfm.com\/dist\/a54b41835a8b60db28c2.svg\")
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