2h ago
Oil and Treasury yields climb as Nasdaq falls 1.2% and Dow drops more than 350 points
Major US stock indexes moved sharply lower intraday, with the Nasdaq Composite down 1.2%, the Dow Jones Industrial Average off more than 350 points and the S&P 500 down 0.9%. Brent crude rose more than 2% to $106.79 a barrel and WTI hovered around $94.40, adding to inflation worries. The benchmark 10-year Treasury yield broke above 5.2% and the 30-year yield rose above 5.5%, both at multiyear highs. Big tech stocks were under pressure, with AMD down about 3% and Micron, Microsoft and Meta also falling.
2h ago
4h ago
Wall Street opens lower as oil jumps and Treasury yields climb; Dow slides 377 points
U.S. stocks opened lower on Monday, September 28, with the Dow falling more than 300 points as higher oil prices and rising Treasury yields weighed on sentiment. Brent crude rose more than 2% to $106.79 a barrel and WTI gained around 2% to $94.40 after President Donald Trump rejected conditions for a ceasefire proposed by Iran. The benchmark 10-year Treasury yield traded above 5.2% and the 30-year yield topped 5.5%. Nvidia also drew attention after authorising an additional $150 billion in share buybacks, lifting its remaining repurchase authorisation to $235 billion through fiscal 2028.
4h ago
4h ago
Nvidia authorizes record $150bn share buyback as quarterly profit doubles to $60bn
Nvidia has announced a record $150bn share repurchase program, taking its total buyback fund to $235bn. The chipmaker said profit more than doubled to $60bn in its latest quarter. The company is expected to overtake Microsoft as the world’s most profitable company next year, with forecast annual profit of $243bn. Shares rose by almost 2pc in premarket trading on Monday after the buyback was announced.
4h ago