New York stocks opened lower as Government Bonds yields and oil prices rose.
At 9:50 a.m. on the 1st (local time), the Dow Jones Industrial Average on the New York Stock Exchange was down 268.13 points, or 0.50%, at 52,917.77.
The Standard & Poor's (S&P) 500 fell 48.18 points, or 0.63%, to 7,637.96, and the Nasdaq composite declined 271.49 points, or 1.03%, to 26,099.40.
Reuters said, "Higher Government Bonds yields and rising oil prices spurred investors to the sidelines, producing a weak tone." In the morning, the U.S. 10-year Government Bonds yield, the benchmark for global bond markets, rose 3 basis points (1 bp = 0.01 percentage point) from the previous session to 4.788%. It was the highest since Jan. 14, 2025. Uncertainty over the Federal Reserve's monetary policy outlook and increased debt issuance related to artificial intelligence (AI) were seen as adding upward pressure to U.S. Government Bonds yields.
Oil prices are trending higher as the United States and Iran resumed military exchanges after about a month.
European stocks were weaker. The Euro Stoxx 50 fell 0.56% to 6,384.35. Germany's DAX and France's CAC 40 dropped 0.84% and 0.18%, respectively. Britain's FTSE 100 also slipped 0.25%.
Global oil prices rose. West Texas Intermediate (WTI) for October 2026 delivery was up 2.99% at $88.32 a barrel.