Stocks Rise as Treasury Yields Drop Amid Fed Comments
U.S. stocks closed sharply higher on September 3, 2026, with the Nasdaq Composite rising 1.4%, the Dow Jones Industrial Average gaining over 600 points (up 1.2%), and the S&P 500 climbing 1.1%. The gains came as Treasury yields fell following comments from Federal Reserve Governor Christopher Waller suggesting a potential pause in rate hikes if inflation continues to improve. The yield on the 10-year U.S. Treasury note dropped slightly to 4.77%, down one basis point, after reaching an intraday high of 4.82% earlier due to concerns over sticky inflation and elevated oil prices. Crude oil prices remained relatively stable as traders assessed geopolitical developments in the Middle East. Snowflake (SNOW) led major stock gains with a 17% surge following better-than-expected earnings driven by strong AI demand, while other tech software stocks like Palantir Technologies (PLTR), ServiceNow (NOW), and CrowdStrike Holdings (CRWD) also rose sharply.
Tickers: $SNOW
Topics: Crude Oil Prices Federal Reserve Policy Stocks Treasury Yields