Traders work on the floor of the New York Stock Exchange during morning trading on August 5, 2026 in New York City.
Michael M. Santiago | Getty Images
U.S. stocks fell on Wednesday as U.S. Treasury yields rose amid concerns among investors that further interest rate hikes by the Federal Reserve could send them skyrocketing.
of S&P500 Although it fell by 0.3%, Nasdaq Composite It fell by 0.5%. of Dow Jones Industrial Average It decreased by 159 points (0.3%).
Falls in utilities, consumer staples and communications services stocks led the overall market decline, with three sectors each dropping more than 1%. Materials was also among the laggards, falling nearly 1%.
U.S. Treasury yields rose sharply after the latest Purchasing Managers’ Index readings were high, weighing on stock prices. yield of 10 year treasury Notes rose more than 7 basis points to 5.04%. 2 years treasury Bond yields rose more than eight basis points to 4.858%.
2-year and 10-year bond yields, 1 day
The probability that the Fed would raise interest rates in October was more than 60% as of Wednesday, according to the CME FedWatch tool. This is up from 55.4% the day before and just 8.8% a month ago.
Crude oil futures also rose. brent crude oil futures The oil for November delivery was last seen trading 2% higher at around $101 a barrel. US West Texas Intermediate Crude Oil Futures It rose 1% to about $91 a barrel.
President Donald Trump said Tuesday that U.S. and Iranian officials met for three hours during the annual United Nations General Assembly in New York. He described it as a “very good meeting”.
Earlier Tuesday, President Trump said in a speech at the United Nations that he was making “big decisions” about whether to reach a deal with Tehran or “annihilate” Iran.
In Tuesday trading, the Nasdaq hit a new intraday high and closed higher, while the Dow ended lower. of S&P500 Although the index is down about 0.8% from its all-time high, it remains almost flat.
