U.S. market recap — Tuesday, Sept. 29, 2026
It was a modestly negative day for U.S. stocks:
- Dow: 51,349.92, down 131.59 points (-0.26%)
- S&P 500: 7,670.84, down 12.85 points (-0.17%)
- Nasdaq: 26,797.54, down 0.08%
- Russell 2000: down 0.4%
What drove the market: Rising Treasury yields were the main pressure. The 10-year Treasury yield reached about 5.29%, its highest level since 2007, while the 30-year yield reached 5.62%, a 24-year high. Higher yields make bonds more competitive with stocks and raise financing costs.
Economic concerns: August job openings fell to 7.079 million, below expectations, while consumer confidence dropped to a roughly 12½-year low. Investors are now focused on upcoming inflation and employment reports for clues about the Federal Reserve’s next moves.
Notable stocks: Meta rose about 3.3%, CarMax gained 4.7%, while Fair Isaac plunged about 26.5% following developments involving mortgage-credit pricing.
Bottom line: The market was relatively calm compared with Monday’s selloff, but high interest rates, elevated oil prices and weakening consumer/job-market indicators remain the major concerns. Year-to-date, the major indexes are still substantially higher despite this week’s decline.
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