Stocks Edge Lower as Treasury Yields Hit a 24-Year High
On October 1, 2026, U.S. stocks were down midday amid surging Treasury yields that reached their highest level in over two decades. The Nasdaq Composite fell by 0.22%, the S&P 500 dropped 0.26%, and the Dow Jones Industrial Average declined 0.56%. Rising bond yields are pressuring blue-chip stocks, particularly growth companies reliant on borrowing for expansion into areas like artificial intelligence. Accenture saw a significant jump in its shares after reporting strong quarterly results and an optimistic outlook through fiscal 2027. However, Corteva experienced one of the largest declines due to rising interest rates impacting consumer sectors. Despite beating earnings expectations, Micron Technology's stock fell as much of the positive news was already priced into the market. The increase in Treasury yields is also affecting dividend-paying stocks and may influence investor behavior ahead of Friday’s jobs report, which could impact future monetary policy decisions.
Tickers: $ACN $CTVA $GIS $MCK $MU
Topics: bond yields Dow Jones Industrial Average interest rates Nasdaq Composite S&P 500 stock performance