Wall Street Slips Again as Yields Hit Multi-Decade High

NEW YORK, Sept 30, 2026, Wall Street ended mixed on Wednesday as rising US Treasury yields overshadowed softer inflation data. The Dow fell 0.86% to 50,906.05 and the S&P 500 eased 0.25% to 7,651.54, while the Nasdaq rose 0.24% to 26,861.06. The 10-year yield climbed to 5.30%, its highest in decades, dampening sentiment despite a weaker-than-expected 0.2% rise in core PCE inflation.

Yields high

In Europe, markets closed lower, with the DAX down 0.79%, CAC 40 sliding 0.89% and FTSE 100 easing 0.29%, as higher eurozone inflation and rising yields weighed on equities. Asian markets were mostly higher, led by Japan’s Nikkei 225 which surged 1.94% to 66,753.72 on a tech rebound. The Hang Seng gained 0.37% and Shanghai Composite rose 0.31% ahead of the Golden Week holiday, while the Kospi slipped 0.48%.

Investors now await US payrolls data for clearer direction on the Federal Reserve’s next policy move.

Keywords: FBM KLCI, Wall Street, bond yields, utilities

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