Stocks Slip at Midday as Yields Firm and Junk Debt Heads for Worst Month Since 2022
Hyperdash NewsMacroUS stocks edged lower through midday Tuesday as Treasury yields firmed and the dollar strengthened. The S&P 500 slipped and the Nasdaq held near flat, with weakness in high-yield credit and geopolitical headlines weighing on risk appetite into the afternoon session.
Scoreboard
- S&P 500 7,664 (-0.26%)
- Euro Stoxx 50 6,316 (+0.23%)
- Nikkei 225 65,481 (-0.60%)
- Gold 4,187 (+0.45%)
- WTI 91.54 (-1.14%)
- US 10Y 5.281% (+4bp)
- DXY 101.4920 (+0.29%)
- VIX 16.22 (+0.93%)
- DE 10Y 3.618% (+0bp)
The S&P 500 traded modestly lower and the Nasdaq hovered near unchanged as the morning wore on. The dollar firmed, with the DXY edging higher, while the US 10-year yield rose. Junk bonds were headed for their worst month since 2022 following a global selloff, a strain that pressured broader risk sentiment. Reports that Vladimir Putin updated Russia's nuclear doctrine were cited as a driver of futures and yield moves. Crude fell, with WTI and Brent both lower, while Gold edged higher as the VIX climbed.
Key headlines
- Education Department extends deadline for student loan interest rate discount
- ‘I have $400,000 in equity’: I’m 80 years old. Should I move out of my house because of dangerous stairs?
- Homeowners are sitting on record equity, and not using it
- Job openings are low and hiring is weak. Why the U.S. labor market won’t get better soon.
The takeaway
The strain in junk bonds, headed for their worst month since 2022, is the more consequential signal at midday. High-yield weakness alongside firmer Treasury yields points to a broad repricing of risk premiums, a dynamic that tends to precede caution in equities rather than follow it.
Attention turns to whether the afternoon brings stabilization in high-yield credit or further widening. Traders will watch Treasury yields, where the US 10-year rose, and the dollar for direction. Developments around Russia's updated nuclear doctrine and any follow-through in Crude, with WTI and Brent lower, remain in focus.
View the S&P 500 chart and data on Hyperdash
Frequently asked questions: September 29, 2026
What happened in the markets today?
US stocks edged lower at midday, with the S&P 500 slipping and the Nasdaq near flat. Treasury yields firmed as the US 10-year rose, the dollar strengthened with the DXY higher, and junk bonds headed for their worst month since 2022.
Did the stock market go up or down today?
Stocks were down at midday. The S&P 500 edged lower and the Nasdaq held near flat, while overseas the Euro Stoxx 50 edged higher and the Nikkei 225 fell.
Why did markets move today?
Markets were pressured by firmer Treasury yields, with the US 10-year rising, and a stronger dollar. Stress in high-yield credit, on track for its worst month since 2022, and reports that Russia updated its nuclear doctrine weighed on risk appetite.
How did the S&P 500 do today?
The S&P 500 edged lower at midday as firmer Treasury yields, a stronger dollar and stress in high-yield credit weighed on equities. The VIX moved higher alongside the pullback.
What did the dollar and Treasury yields do today?
The dollar firmed, with the DXY edging higher, and the US 10-year Treasury yield rose. The German 10-year yield was little changed.
Where can I track live market data across asset classes?
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