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Dow, Nasdaq Slip as Treasury Yields Near 5%; Tech Stocks Under Pressure
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CNBC TV18•23-09-2026, 19:37
Dow, Nasdaq Slip as Treasury Yields Near 5%; Tech Stocks Under Pressure
- •US markets opened lower with the Dow falling 0.2%, S&P 500 shedding 0.1%, and Nasdaq Composite declining 0.3% as investors assessed diplomatic developments and tech stock momentum.
- •Investor sentiment was pressured by rising bond yields, with the benchmark 10-year US Treasury yield nearing the 5% mark, reducing the appeal of equities.
- •Oil prices remained largely steady, with Brent crude below $100 and WTI crude under $91, as markets weighed prospects of easing US-Iran tensions.
- •US mortgage rates climbed above 7% to their highest level since May 2024, adding focus to borrowing costs and the interest-rate outlook.
- •Federal Reserve officials are scheduled to speak, with investors watching for further clues on the central bank's policy outlook amid elevated Treasury yields and a rising dollar.
Key Questions Answered
US markets opened lower as investors evaluated diplomatic developments regarding the US, Iran, and China, while tech stocks lost momentum and the 10-year Treasury yield neared 5% to pressure equities.
US mortgage rates climbed above 7%, reaching their highest level since May 2024, as borrowing costs increased following the recent Federal Reserve interest-rate decision and elevated Treasury yields.
Brent crude traded below $100 a barrel around $99.60, while US West Texas Intermediate (WTI) crude remained under $91 at roughly $89.97 as markets monitored talks between US and Iranian officials.
