S&P 500 Opens September Down 48 Points as Bond Yields Bite
As seen on the 24/7 Wall St. homepage on September 1, 2026.
- S&P 500-0.63%
- Dow Jones Industrial Average-0.40%
- Nasdaq Composite—
Stocks opened September on the back foot, with the S&P 500 shedding 48 points as rising global bond yields reprice what equities are worth. Barclays now expects two more Fed hikes this year, so rate-sensitive names carry the most risk into this week.
Continue ReadingShow less
Rising global bond yields are repricing what future corporate earnings are worth today, and that math hurts equities across the board when it moves fast enough to catch markets off guard at the start of a new month.
Barclays now expects two additional Federal Reserve rate hikes this year, which shifts the calculus for rate-sensitive corners of the market most sharply. Higher-for-longer rates compress the valuations of growth stocks, dividend payers, and anything priced on discounted future cash flows, making those names the ones carrying the most risk into this week.
Disclosure
*$149 for two years (or $1.43 per week) is an introductory promotion for new members only. 62% discount based on the current list price of Stock Advisor of $199/year. Membership will renew at the then-current list price at the end of the membership term. Stock Advisor returns are 930% as compared to the S&P 500 returns of 185% as of April 7, 2026.
The same investor newsletter that told subscribers to buy Amazon in 2002, Netflix in 2004, and Nvidia in 2005 still publishes two new stock picks every month. Over 23 years, Motley Fool's Stock Advisor has more than quadrupled the S&P 500. New members get this month's picks, the Top 10 Rankings, and a 30-day money-back guarantee. Click here to unlock their next top stocks while new members are still being accepted.
The S&P 500 opened at 7,637.76, and the Dow Jones Industrial Average is lower as well, putting broad pressure across large-cap benchmarks rather than isolating the damage to any single sector.
September has a historically weak seasonal reputation for equities, and an open that immediately hands back ground reinforces why that reputation persists. The combination of a hawkish Barclays call on Fed policy and a bond market already moving confirms that the path of least resistance for rate-sensitive stocks leans lower until yields stabilize.