Stocks fall as 10-year Treasury yield reaches highest level in roughly two decades
The S&P 500 fell 0.8% to 7,683.69 and the Nasdaq Composite lost 0.9% as Treasury yields rose again to their highest levels in about twenty years. The 10-year yield closed near 5.23%, which pushed the index further away from its record high. Rising long-end yields raise discount rates for equities, so rate-sensitive sectors were the first to feel the pressure.
- S&P 500 down 59.72 points (-0.8%) to 7,683.69
- Dow Jones down 347.11 points (-0.7%) to 51,481.51
- Nasdaq Composite down 248.34 points (-0.9%) to 26,820.38
- 10-year Treasury yield at 5.23%
SPX around the story · hourly24 h reaction ▼ 0.54%
Moves this explains
INTC−5.87%Sep 27 · Intel fell 5.87% as the 10-year Treasury yield reached its highest level in roughly two decades: Meta -4.15%, AMD -3.36%, Oracle -3.60%, Micron -3.07%, silver -4.53%, with the S&P 500 down 0.45%. Nvidia rose 2.07% on its $150 billion buyback increase, so the decline was not a broad AI-stock selloff.META−4.15%Sep 27 · Meta fell 4.15% in a broad selloff that also hit Intel -5.87%, Oracle -3.60%, AMD -3.36%, silver -4.53% and gold -3.10%, with the S&P 500 down 0.45%. The market move is tied in coverage to the 10-year Treasury yield reaching its highest level in roughly two decades, and Nvidia's $150 billion buyback increase that day did not stop the decline.Source
LA NACION (AP market close)Sep 28, 2026