S&P 500 at Midday: Rising Treasury Yields Push Stocks Lower
As seen on the 24/7 Wall St. homepage on September 28, 2026.
- S&P 500-0.79%
- Dow Jones Industrial Average-0.76%
- Nasdaq Composite-1.01%
Rising Treasury yields are doing the selling, and the Nasdaq is wearing it worst with a 1% slide at midday. Nowhere to hide: all three major indexes are down more than 0.7% with half a session still to trade.
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Rising Treasury yields are pressuring equities across the board, with the S&P 500 down 61 points at midday and all three major indexes in the red.
The Nasdaq Composite is bearing the brunt of the yield-driven pressure, sliding about 1% by midday. Technology and growth-oriented stocks tend to be the most sensitive to rising rates, since higher yields reduce the present value of future earnings that make those companies look attractive.
The Dow Jones Industrial Average is also lower, off roughly 0.76% at the midday mark, keeping pace with the S&P 500's decline. Damage spread evenly across large-cap, blue-chip, and tech-heavy indexes points to a macro-driven move.
With half a session still to trade, conditions can shift, and how yields move into the afternoon will be the key variable to follow.