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US Stocks Rise as Tech Shares Gain, Oil Prices Ease; Treasury Yields Hit Multi-Year Highs
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CNBC TV18•29-09-2026, 19:50
US Stocks Rise as Tech Shares Gain, Oil Prices Ease; Treasury Yields Hit Multi-Year Highs
- •US stocks opened mostly higher, with the Nasdaq Composite and S&P 500 gaining due to rising technology shares and easing oil prices.
- •Technology stocks like AMD, Nvidia, and Meta Platforms led the gains, with AMD rising after acquiring artificial intelligence firm World Labs.
- •The benchmark 10-year Treasury note yield reached levels not seen since 2007, while the 30-year bond yield hovered near a 2004 high.
- •Oil prices declined, with Brent crude shedding over 1% and West Texas Intermediate (WTI) crude sliding 1.7%, as Saudi Arabia resumed exports and US-Iranian talks progressed.
- •A leaked Anthropic IPO prospectus reportedly targets a $2 trillion valuation, more than double its estimated $965 billion, and includes warnings about AI's potential "existential risks to humanity".
Key Questions Answered
US stocks opened mostly higher with gains in the Nasdaq and S&P 500 driven by rising technology shares and easing oil prices, whereas the Dow Jones Industrial Average lagged slightly by falling 32 points or 0.1% on Tuesday.
A leaked IPO prospectus reported by Reuters indicates that AI company Anthropic is targeting a valuation of $2 trillion, which is more than double its previous estimated valuation of $965 billion.
Oil prices eased as Saudi Arabia resumed its exports through the East-West pipeline and US and Iranian officials met with mediators to resume talks.
