The S&P 500 slipped 0.2% to 7,670.84 Tuesday, the Dow fell 0.3% to 51,349.92, and the Nasdaq lost 0.1% to 26,797.54. The index moves were small; the more important move was in Treasuries. Reuters put the 10-year yield at 5.293%, its highest since 2007, and the 30-year at 5.6206%, a 24-year high. Job openings fell to 7.079 million in August and consumer confidence dropped to 81.9 in September. New York Fed president John Williams' measured language cut rate-futures odds of an October hike from 70% to 51.5%, but it did not loosen the long end.
Asian equities opened firmer Wednesday—Japan's Nikkei was up about 0.9%—while the 10-year Treasury held near 5.2383%. Brent was $103.16, up 0.56% on the session but well below the week's earlier spike. That is relief, not a change in the capital-price regime. High long yields remain the common input for equity duration, leveraged credit and anything financing an AI build-out with debt. Reuters overnight markets · Reuters market close · AP market close