Stock Market Today: Stocks Falls as Bond Yields Hit Highest Level Since January 2025

TLDR

• The Dow, S&P 500, and Nasdaq all fell on Tuesday as bond yields and oil prices weighed on markets
• The 10-year Treasury yield hit 4.75%, its highest intraday level since January 2025
• Brent crude oil rose above $92 per barrel after two tankers were struck near the Strait of Hormuz
• Tech stocks were hit hardest, with the Nasdaq down nearly 0.9% as AI-linked debt costs rose
• Job openings ticked up slightly in July, while US manufacturing expanded for an eighth straight month

US stocks fell on the first trading day of September as rising bond yields, higher oil prices, and uncertainty over the Iran conflict pushed investors to the sidelines.

The Dow Jones Industrial Average dropped around 0.4%, or roughly 208 points. The S&P 500 fell 0.5%, and the Nasdaq Composite slid close to 0.9%.

Bond Yields Rise to Multi-Year Highs

The 10-year Treasury yield climbed to 4.75% during Tuesday’s session, its highest intraday level since January 2025. The 30-year yield reached 5.27%, near multi-decade highs, before pulling back slightly.

… Continue reading the full article at the original source below.