US Stocks Close Lower As Treasury Yields Rise
US stocks closed lower on Wednesday, weighed down by declines in Alphabet and Amazon shares as US Treasury yields rose.
According to the latest figures available at the time of publication:
- The S&P 500 fell 0.75% to 7,706.05,
- the Nasdaq Composite dropped 1.13% to 26,936.04, and
- the Dow Jones Industrial Average declined 0.68% to 51,511.59.
The market was pressured by data indicating strong US business activity in September. This led to higher Treasury yields and reinforced expectations that the Federal Reserve will raise interest rates again. The two-year yield reached its highest level since 2024, while the 10-year yield climbed to its highest since 2007.
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