Stock Market Today: Dow, S&P 500 Slip; Bond Yields Hold Around 4.5%

📆 26/09/2023 20:05:00
📰 WSJ

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Live coverage of what's moving stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite

Dow drops about 300 points; Investors await Costco earningsWorries about rising bond yields and a strengthening dollar are dragging down stocks again. Investors are also keeping watch on a possible government shutdown.

The yield on the 10-year U.S. Treasury note has been choppy Tuesday. It settled Monday at a 16-year high a little above 4.5%, and it's still above that level. Rising yields have hurt stocks recently in part by stoking concerns that they could slow down the economy by increasing borrowing costs for businesses and consumers. A stronger dollar can also hurt companies that rely on revenue from outside of the country., which could come within a matter of days, could hurt the U.S.’s credit rating.

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