Wall Street Retreats as Yields Hit 19-Year High

NEW YORK, Sept 29, 2026, Wall Street closed lower on Monday as elevated bond yields and renewed geopolitical tensions pressured equities. The Dow fell 0.67% to 51,481.51, the S&P 500 dropped 0.77% to 7,683.69, and the Nasdaq slid 0.92% to 26,820.38. The US 10-year Treasury yield climbed to 5.20%, its highest in 19 years, after President Trump rejected Iran’s Strait of Hormuz proposal, reigniting inflation and Fed tightening concerns.

Wall Street Retreats

In Europe, markets were mixed: the DAX slipped 0.13%, the FTSE 100 eased 0.10%, while the CAC 40 edged up 0.01%. Gains in UK homebuilders were offset by weakness in miners and higher oil prices.

Asian markets also retreated, with the Nikkei 225 down 0.73%, Shanghai Composite falling 1.67%, and Kospi sliding 2.70%. The Hang Seng bucked the trend, rising 0.54% to 24,642.51. Investors now await US PCE inflation data, non-farm payrolls, and Micron’s earnings for further direction.

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