US stocks moderated their slide on Tuesday morning as uncertainty around the war in Iran, a bond market sell-off, and speculation about the Fed's next interest rate move kept buyers on the sidelines.
The Dow Jones Industrial Average (^DJI) recovered to a loss of roughly 0.1% after initially falling by 0.7%, while the S&P 500 (^GSPC) lost 0.3%. The tech-heavy Nasdaq Composite (^IXIC) was down by roughly 0.7% after initially dropping 1.3% after stocks closed August with solid gains.
Stocks entered September with double-digit year-to-date returns and earnings expectations that continue to rise. However, volatile oil prices and the potential return of Fed rate hikes have given investors reason to worry heading into the historically weakest month for stocks.
US bond yields continued their march higher on Tuesday, with the 10-year yield (^TNX) rising to 4.75%, its highest intraday level since January 2025, before ticking down to 4.76%. The 30-year (^TYX) climbed to 5.27%, hovering near multi-decade highs, before also pulling back to 5.24%.
Crude oil prices also remained elevated after the US and Iran returned to a hot war, with Brent futures (BZ=F), the global benchmark, trading above $92 per barrel. According to Bloomberg, two oil tankers were struck while attempting to exit the Strait of Hormuz in the latest sign that the conflict could reescalate.
#year #bond #roughly #down
The Dow Jones Industrial Average (^DJI) recovered to a loss of roughly 0.1% after initially falling by 0.7%, while the S&P 500 (^GSPC) lost 0.3%. The tech-heavy Nasdaq Composite (^IXIC) was down by roughly 0.7% after initially dropping 1.3% after stocks closed August with solid gains.
Stocks entered September with double-digit year-to-date returns and earnings expectations that continue to rise. However, volatile oil prices and the potential return of Fed rate hikes have given investors reason to worry heading into the historically weakest month for stocks.
US bond yields continued their march higher on Tuesday, with the 10-year yield (^TNX) rising to 4.75%, its highest intraday level since January 2025, before ticking down to 4.76%. The 30-year (^TYX) climbed to 5.27%, hovering near multi-decade highs, before also pulling back to 5.24%.
Crude oil prices also remained elevated after the US and Iran returned to a hot war, with Brent futures (BZ=F), the global benchmark, trading above $92 per barrel. According to Bloomberg, two oil tankers were struck while attempting to exit the Strait of Hormuz in the latest sign that the conflict could reescalate.
#year #bond #roughly #down
10 days ago
