Stocks Slip on Rising Yields as Tech Shares Lead Decline
Major indexes fell as the 10-year yield climbed and Meta's enterprise AI push drew attention across tech names.
Where the market closed
Index levels, yields and exchange rates at the US close. Source: market data via Yahoo Finance. New to index investing? See our complete S&P 500 guide.
What moved the market
Equities declined across the board as the 10-year Treasury yield climbed to 5.24%, pressuring growth-sensitive technology shares. Meta ($META) announced a new enterprise AI platform led by MongoDB's outgoing CEO, challenging incumbent software players, while healthcare names found support late in the session.
The 30-second read
- •Major indexes fell 0.67% to 0.92% as rising yields weighed on tech
- •10-year Treasury yield rose to 5.24%; VIX climbed 8.6%
- •Meta pushes into enterprise AI, hiring MongoDB's CEO
- •Healthcare stocks gained late afternoon despite broader weakness
- •Apple ordered to pay $5.7B in haptic technology patent case
Today's top movers
What to watch next
- OctoberAmazon Prime Day (October)
- Pending FAA software reviewBoeing 737 Max 10 certification timeline
Reference & disclosures
Sources & headlines
- Meta's splashy new business AI hire offers yet another reason to bank on Zuckerberg — CNBC
- Can Roche’s Latest Obesity Drug Results Help it Challenge Eli Lilly and Novo Nordisk? — Yahoo
- Veteran marketer defends controversial Sydney Sweeney jeans ad campaign: The publicity was 'worth billions' — Yahoo
- Strive Crosses 27,000 BTC After $94.5 Million Bitcoin Purchase — Yahoo
- Sector Update: Healthcare Stocks Rise Late Afternoon — Yahoo
- Boeing 737 Max 10 certification delayed by software issue, FAA says — CNBC
- Mastercard Stock Edges Lower as Denmark's First AI Payment Goes Live — Yahoo
- Amazon Has a $10 Billion Holiday Catalyst Coming in October — Yahoo
- Can J&J’s Latest Trial Win Strengthen its Neuroscience Business? — Yahoo
- Amazon, Walmart Face Record $275 Billion Holiday Rush — Yahoo
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