Gains for Tech Stocks Shore up Wall Street Even as Pressure Continues From High Bond Yields
- Wall Street's main indexes opened higher on Thursday, October 1, 2026, buoyed by software stocks despite inflation and government debt concerns pushing U.S. Treasury yields to two-decade highs.
- Rising Treasury yields hit levels not seen since 2002, reflecting investor anxiety over stubborn inflation and mounting government debt; fast-rising yields have rattled financial markets worldwide.
- Technology stocks helped lead the market higher, with Micron Technology CEO Sanjay Mehrotra noting strong demand for memory chips and Alphabet climbing after releasing its new AI model, Gemini 4 Argon.
- High yields slow the overall economy by making borrowing more expensive for everyone, while undercutting prices for stocks and other investments.
- Uncertainty persists regarding the war with Iran and its potential to disrupt crude oil supplies, keeping pressure on inflation as markets monitor U.S. economic resilience.
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33 Articles
US stocks: US markets dip as surging Treasury yields overshadow software gains
Wall Street encountered a downturn as escalating Treasury yields affected investor confidence in high-priced stocks. Despite solid performance from the software sector buoyed by favorable earnings, the shadow of rising interest rates looms large. September saw the S&P 500 and Dow post monthly losses, while the Nasdaq thrived on AI optimism.
The New York stock market opened higher despite the impact of a sharp rise in U.S. Treasury yields. On the 1st, at the New York Stock Exchange, the Standard & Poor's (S&P) 500 index stood at 7,670.93, up 0.25% from the previous close. The Nasdaq Composite Index rose 0.46% to 26,984.5. The Dow Jones 30 Industrial Average recorded 50,997.8, up 0.18%. The yield on the 10-year U.S. Treasury bond was 5.3% on the 30th of last month (local time).
Gains for tech stocks shore up Wall Street even as pressure continues from high bond yields
NEW YORK (AP) — Strength for technology stocks is helping the U.S. market to hold firmer, even as pressure from the bond market continues to rattle markets worldwide. rose 0.3% early Thursday and was on track to break a three-day losing streak. The Dow Jones Industrial Average rose 259 points, and the Nasdaq composite climbed 0.5%. Technology stocks helped lead...
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