CoinScoopUS Stocks Decline as Bond Yields Hit Multi-Year Highs; Nvidia Rises on Buyback News
US stocks faced pressure on September 29 as 10-year and 30-year Treasury yields reached multi-year highs, fueled by rising oil prices and increased bets on an October rate hike. The S&P 500 fell 0.77%, the Nasdaq dropped 0.92%, and the Dow declined 0.67%. Nvidia was a notable exception, rising 1.68% after announcing a $150 billion share buyback authorization. Meanwhile, OpenAI disclosed a security incident involving a DNS vulnerability, and markets are now focused on upcoming JOLTS employment data and the OpenAI DevDay event.
Summaries are written by AI from the original article. Not investment advice.