{"id":630540,"date":"2026-09-29T00:00:34","date_gmt":"2026-09-29T00:00:34","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/630540\/"},"modified":"2026-09-29T00:00:34","modified_gmt":"2026-09-29T00:00:34","slug":"bond-yields-crank-higher-and-pull-us-stocks-further-from-their-record-world","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/630540\/","title":{"rendered":"Bond yields crank higher and pull US stocks further from their record | World"},"content":{"rendered":"

NEW YORK (AP) \u2014 Yields in the U.S. bond market<\/a> cranked higher Monday and again touched their highest levels in roughly two decades, which knocked U.S. stocks further from their record high.<\/p>\n

The S&P 500 fell 0.8% and gave back much of its gain from last week<\/a>, which had brought it to the brink<\/a> of its all-time high<\/a>. The Dow Jones Industrial Average dropped 347 points, or 0.7%, and the Nasdaq composite sank 0.9%.<\/p>\n

Stocks felt pressure as the yield on the 10-year Treasury briefly topped 5.27% before pulling back to 5.23%, up from 5.17% late Friday. It\u2019s back to where it was in 2007, before the financial crisis and Great Recession sent yields toward zero.<\/p>\n

The 30-year Treasury yield rose to 5.55% from 5.49% and is back to where it was in 2004.<\/p>\n

Treasury yields have been rising for a range of reasons, from worries about inflation to Washington\u2019s massive debt load to signs that the U.S. economy remains solid<\/a> despite its many challenges. That pressures the economy because higher yields make borrowing money more expensive for everyone<\/a>, while also undercutting prices for stocks and other investments.<\/p>\n

Monday\u2019s rise in yields followed the latest swings for oil prices, which have been yo-yoing<\/a> on uncertainty about when the war with Iran<\/a> will allow tankers to flow freely again through the Strait of Hormuz.<\/a> That would allow them deliver oil from the Middle East to customers worldwide<\/a>.<\/p>\n

The latest turns came after President Donald Trump said over the weekend he\u2019s rejecting an offer<\/a> from Iran to reopen the Strait of Hormuz<\/a> and resume talks on its nuclear program.<\/p>\n

\u201cI\u2019d like to make a deal, too,\u201d Trump said Saturday. \u201cBut that deal would not be acceptable.\u201d<\/p>\n

The price for Brent crude in the most actively traded part of the oil market briefly climbed above $101 per barrel Monday morning, but it pared its gains as U.S. officials said mediators were still working<\/a> with Iran and the United States on a deal to end the fighting and open the strait. It settled at $97.83, up 0.4%.<\/p>\n

For all its ups and downs, a barrel of Brent remains much more expensive than the roughly $72 it cost before the United States and Israel attacked Iran in late February. That has helped worsen inflation, and the average price for a gallon of regular gasoline is up to nearly $4.48 from $3.13 a year ago, according to AAA.<\/p>\n

On Wall Street, stocks of airlines<\/a> and other companies with big fuel bills sank because of the rise in oil prices.<\/p>\n

American Airlines fell 2.5%, and United Airlines lost 2.2%.<\/p>\n

Gold miners were also weak after the price of gold sank 3.5%. Gold has a reputation for helping to protect its investors from high inflation, but its price tends to weaken when rising yields mean bonds are paying investors more in interest. Gold struggles to keep up because it pays its investors nothing.<\/p>\n

Newmont, the Denver-based mining giant, slid 4.4%.<\/p>\n

One of Wall Street\u2019s bigger losses hit MongoDB, which dropped 18.5% after the database company said its CEO, Chirantan \u201cCJ\u201d Desai, is stepping down immediately to pursue a senior role at Meta Platforms.<\/p>\n

Such losses more than offset a 1.7% rise for Nvidia<\/a>, Wall Street\u2019s most influential stock.<\/p>\n

The chip company\u2019s stock climbed after it said its board approved a plan to send up to another $150 billion<\/a> to its shareholders in a stock buyback plan, bringing the program\u2019s total remaining size to $235 billion.<\/p>\n

Nvidia has the power to do so after the frenzy around its chips<\/a> used for artificial-intelligence<\/a> technology helped it more than double the amount of cash on its books in the first half of its fiscal year. The company also on Monday unveiled a new security platform that the chipmaker said can stop artificial intelligence agents from going rogue<\/a>.<\/p>\n

AI stocks have broadly come under pressure after leaders of the industry said it needs to slow<\/a> its development to give safety measures time to catch up.<\/p>\n

All told, the S&P 500 fell 59.72 points to 7,683.69. The Dow Jones Industrial Average dropped 347.11 to 51,481.51, and the Nasdaq composite sank 248.34 to 26,820.38.<\/p>\n

In stock markets abroad, European indexes were mixed following weaker performances across much of Asia.<\/p>\n

Indexes dropped 2.7% in Seoul and 1.7% in Shanghai for two of the world\u2019s bigger moves.<\/p>\n

AP Business Writers Yuri Kageyama and Michelle Chapman contributed to this report.<\/p>\n

Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.<\/p>\n","protected":false},"excerpt":{"rendered":"NEW YORK (AP) \u2014 Yields in the U.S. bond market cranked higher Monday and again touched their highest…\n","protected":false},"author":2,"featured_media":630541,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[38306,114,9513,49690,9835,4196,122,85,932,117780,46,158728,285104,9512,121,126],"class_list":["post-630540","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-blockades","tag-business","tag-economic-indicators","tag-energy-markets","tag-financial-markets","tag-financial-services","tag-general-news","tag-il","tag-inflation","tag-iran-war","tag-israel","tag-oil-and-gas-industry","tag-stock-markets-oil-war-inflation","tag-stocks-and-bonds","tag-war-and-unrest","tag-world-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/630540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=630540"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/630540\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/630541"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=630540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=630540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=630540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}