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Business News›Markets›US Stocks›Wall St Guide›Dow Jones| Nasdaq | US Stock Market Today | Live: US stocks close slightly lower as Treasury yields hover near multidecade highs LIVE BLOG Synopsis Dow Jones Today | US Stock Market Live: US stocks ended the session slightly lower on Tuesday, as government bond yields continued their ascent ahead of inflation and labor market data, while investors assessed comments from Federal Reserve officials for the path of interest rates. The S&P 500 lost 11.12 points, or 0.14%, to end at 7,672.57 points, while the Nasdaq Composite lost 17.72 points, or 0.08%, to 26,802.66. The Dow Jones Industrial Average fell 136.10 points, or 0.26%, to 51,345.41. 1 New Update The S&P 500 lost 11.12 points, or 0.14%, to end at 7,672.57 points, while the Nasdaq Composite lost 17.72 points, or 0.08%, to 26,802.66. The Dow Jones Industrial Average fell 136.10 points, or 0.26%, to 51,345.41. (Read) Financial markets trimmed bets on a Federal Reserve interest-rate hike next month after New York Fed chief John Williams said he sees "no urgency" for further action after US central bank's policy rate increase earlier this month. Traders now see about a 50-50 chance of quarter-point rate hike at the Fed's upcoming meeting in October, based on pricing of fed funds futures contracts, down from nearly 70% earlier in the day. The US central bank does not need to raise interest rates with "urgency" although a further increase may be required late this year, the president of the Federal Reserve Bank of New York said on Tuesday. The Fed raised the key interest rate for the world's largest economy at its meeting earlier this month, increasing it by 25 basis points to a range between 3.75 to 4.00 percent to combat stubbornly high inflation. US natural gas futures fell about 3% on Tuesday on forecasts for less demand this week than previously expected and the market's belief that daily output will soon rise after the Mountaineer XPress pipe in West Virginia returned to service last weekend. On its first day as the front month, gas futures for November delivery on the New York Mercantile Exchange fell 9.5 cents, or 3.1%, from where the November contract closed on Monday to $3.011 per million British thermal units (mmBtu) on Tuesday. Federal Reserve Bank of New York President John Williams said on Tuesday that he’s not looking for energy prices to be the driver of inflation in the future that they have been thus far this year. “Depending on what happens with the [Middle East] conflict - and there's a lot of uncertainty about that - if you think, well, oil prices probably aren't going to double, increase a lot again, then that impulse to inflation should fade, just like the tariff impulse to inflation has faded,” Williams said in an appearance at the University at Buffalo. US President Donald Trump said his meeting on Tuesday with AI leaders was very good and "very productive, extremely friendly." He also said the companies would "work with local communities for the data centers in particular, and they're going to work to make the community happy." Chicago Federal Reserve President Austan Goolsbee said Tuesday that allowing inflation to stay above the Fed's target for 5-1/2 years is "playing with fire," noting that the Fed may need to respond to a supply shock that has long-lasting effects. "It's an unpleasant situation... (but) I think we have to consider responding to those persistent shocks," Goolsbee said. Goolsbee said he is one of the more optimistic of Fed policymakers as far as his rate-path expectations are concerned, but before cutting rates "we've got to get some evidence that inflation is coming back down, that these things that are supposed to be temporary are in fact going away." OpenAI on Tuesday unveiled always-on agents called Dots that chase user goals across apps on their own, deepening its push into the lucrative enterprise market and pitting it against Meta in the race to sell AI that can work autonomously. US-Canada relations, already tense, are likely to deteriorate further after the United States went ahead early Tuesday with a decision to ban nearly $1 billion worth of Canadian imports, including alcoholic beverages, dairy products and motorcycles. The ban amounts to barely a ripple in $880 billion worth of annual two-way trade between the two northern neighbours. But it marks another ratcheting up of President Donald Trump’s second-term trade war with America’s longtime ally and trading partner. President Donald Trump on Tuesday promised the government wouldn't limit the development of artificial intelligence, even as top executives of AI firms that have called for delays convene in Washington. “I will never stifle the growth of a technology that will be bigger than the industrial revolution,” Trump said at the unveiling of an AI chatbot, America.gov, intended to help Americans negotiate government services. “We can’t stifle it, and we’re leading by a lot.” Yields on the longest-dated US Treasury bond climbed for a sixth consecutive session on Tuesday, crossing another key threshold as a global debt-market selloff intensified, Bloomberg reported. The 30-year yield rose above 5.61%, reaching its highest level since 2002 and moving further into territory common before the low-interest-rate era that followed the global financial crisis and pandemic. Elevated energy prices added to inflationary pressure, while heavy corporate-debt issuance weighed on the market. (Read More) OpenAI's annualized recurring revenue is approaching $70 billion, driven by a more than twofold increase in enterprise sales since July, a source familiar with the matter told Reuters on Tuesday. The startup's annualized revenue run rate has risen by more than 70% since the beginning of the third quarter in July, the source said, declining to be named as the matter was private. OpenAI generated more consumer revenue in the third quarter than in all of last year, according to the source. Axios first reported the news. Annualized revenue run rate is sometimes misleading sales metric, which often involves multiplying one month's revenue by 12, but it has nonetheless become a popular metric commonly used by fast-growing Silicon Valley startups. The French government will sell a record amount of bonds to investors next year as it faces a surge in COVID-era debt due for redemption and needing to be refinanced, the public debt management office said on Tuesday. Agence France Tresor (AFT) said it plans to issue €340 billion ($385.7 billion) of medium and long-term bonds next year, net of buybacks, up from €310 billion this year. AFT will have to offload the record amount into an increasingly jittery bond market as concerns about France's strained public finances and uncertainty about its presidential election next year have sent borrowing costs spiralling higher. Artificial intelligence industry leaders, including Anthropic PBC CEO Dario Amodei and Nvidia Corp. CEO Jensen Huang, are heading to Washington to meet President Donald Trump and discuss growing global concerns over the potential threats posed by AI, Bloomberg reported. Trump was scheduled to host the executives for a lunch at the White House on Tuesday, alongside House Speaker Mike Johnson. Other technology executives expected to attend included Meta Platforms Inc. CEO Mark Zuckerberg, Palantir Technologies Inc. CEO Alex Karp and OpenAI President Greg Brockman. The White House engagement on AI safety comes as a notable shift for Trump, who just last week dismissed concerns over catastrophic risks from the technology as “a hoax.” The attendee list released by the White House also included Microsoft Corp. CEO Satya Nadella, SpaceXAI’s Elon Musk and Advanced Micro Devices Inc. CEO Lisa Su. Vice President JD Vance, Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and White House Science and Technology Policy Advisor Michael Kratsios were also expected to participate. The Trump administration said on Tuesday it is offering to loan energy companies 40 million barrels of oil from the Strategic Petroleum Reserve, in an effort to control soaring fuel prices that have jumped on the widening war with Iran and Russia's war on Ukraine. The United States agreed in March to loan 172 million barrels of oil from the SPR as part of a wider deal with about 30 countries in the International Energy Agency to release 400 million barrels. Scoring company Fair Isaac Corp. plunged over 26% after Federal Housing Finance Agency Director Bill Pulte said Fannie Mae and Freddie Mac would move to a single pricing grid. OpenAI's annual recurring revenue is nearing $70 billion as enterprise sales have more than doubled since July, Axios reported on Tuesday, citing sources familiar with the financials of the startup. The ChatGPT maker's annualised revenue run rate has grown more than 70% since the beginning of the third quarter, the report said. US Treasury yields edged higher in volatile trading on Tuesday as oil prices retreated and expectations for further Federal Reserve rate increases stabilised ahead of key inflation and employment data. The benchmark 10-year yield rose 0.9 basis points to 5.251%, while the 30-year yield climbed 1.63 basis points to 5.5783%, its highest level since May 2004. CarMax on Tuesday reported a rise in second-quarter profit and revenue, as the used-car retailer leaned on its pricing strategy to drive a rebound in sales, sending its shares up over 7%. The copper market is entering a phase where the biggest concern is no longer how quickly demand is growing, but how much metal is actually available to meet it.With global copper inventories at historic lows, Deutsche Bank says the market is moving away from a “demand-driven” dynamic towards a “supply liquidity crisis”, as buyers compete to secure an increasingly limited pool of spot supply. Read more US job openings fell in August, but layoffs remained low, pointing to a stable labor market. Job openings, a measure of labor demand, had dropped by 256,000 to 7.079 million by the last day of August, the Labor Department's Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday. Data for July was revised higher to show 7.335 million vacancies instead of the previously reported 7.271 million. Tesla and SpaceX CEO Elon Musk, Microsoft top boss Satya Nadella, Amazon founder Jeff Bezos, ServiceNow CEO Bill McDermott and Micron CEO Sanjay Mehrotra will be among the attendees at the AI meeting hosted by US President Donald Trump on Tuesday, Axios reported, citing RSVPs. Carnival Corp on Tuesday raised its annual profit forecast and said it expects strong booking trends for 2027, sending shares of the cruise operator up nearly 12%. The company has been benefiting from affluent travellers who continue to prioritise experiences, particularly sea voyages and bucket-list adventures, despite an uncertain environment stemming from the ongoing Middle East conflict. Median granted CEO pay at S&P 500 companies rose by more than 8% in 2025 to reach $18.2 million, while cash sign-on bonuses for incoming CEOs hit a six-year high, according to the Executive Compensation in 2026 report from Diligent Market Intelligence. The Dow Jones Industrial Average fell 64.6 points, or 0.13%, at the open to 51416.96. The S&P 500 rose 15.9 points, or 0.21%, at the open to 7699.6, while the Nasdaq Composite rose 84.22 points, or 0.31%, at the opening bell to 26,904.60. (Read) US President Donald Trump said he has offered Iran nothing to end the war, rejecting media reports that cited US officials saying he was willing to ease sanctions and release frozen funds for "concrete" steps regarding Iran's nuclear programme. "This is untrue. I offered them NOTHING," Trump wrote on Truth Social on Monday. Summit Therapeutics shares surged 18.4% after British drugmaker AstraZeneca agreed to invest $2 billion in the biopharmaceutical company and collaborate on studies testing their cancer treatments in combination. The yield on the benchmark 10-year Treasury bond hovered near its highest level since 2007, highlighting market expectations for tighter monetary policy in the future. Economic data has garnered more scrutiny lately as the Federal Reserve has dialed back commentary on future policy moves under Chair Kevin Warsh. Traders currently see a 70% chance of another interest rate hike in October, according to the CME FedWatch Tool. The S&P 500 clocked its biggest one-day percentage fall since late August on Monday as tech stocks came under pressure amid geopolitical uncertainty. "The markets are waiting for a breakthrough, or at least clarity, regarding the war. That would support sentiment. But it's unlikely to arrive any time soon," said Kyle Rodda, senior financial market analyst at Capital.com. US stock index futures inched higher on Tuesday as some technology stocks found footing, though risk sentiment remained in check as the ongoing Middle East conflict kept oil prices high and bond yields steep. At 7:20 a.m. ET, Dow E-minis were up 52 points, or 0.1%, S&P 500 E-minis were up 9 points, or 0.11%, and Nasdaq 100 E-minis were up 72 points, or 0.24%. Technology stocks were in focus after Anthropic’s IPO prospectus, reviewed by Reuters, revealed rapid growth over the past year alongside widening losses. The AI company is seeking a valuation exceeding $2 trillion, potentially setting a benchmark for how Wall Street values leading artificial intelligence firms.
Business News›Markets›US Stocks›Wall St Guide›Dow Jones| Nasdaq | US Stock Market Today | Live: US stocks close slightly lower as Treasury yields hover near multidecade highs LIVE BLOG Synopsis Dow Jones Today | US Stock Market Live: US stocks ended the session slightly lower on Tuesday, as government bond yields continued their ascent ahead of inflation and labor market data, while investors assessed comments from Federal Reserve officials for the path of interest rates. The S&P 500 lost 11.12 points, or 0.14%, to end at 7,672.57 points, while the Nasdaq Composite lost 17.72 points, or 0.08%, to 26,802.66. The Dow Jones Industrial Average fell 136.10 points, or 0.26%, to 51,345.41. 1 New Update The S&P 500 lost 11.12 points, or 0.14%, to end at 7,672.57 points, while the Nasdaq Composite lost 17.72 points, or 0.08%, to 26,802.66. The Dow Jones Industrial Average fell 136.10 points, or 0.26%, to 51,345.41. (Read) Financial markets trimmed bets on a Federal Reserve interest-rate hike next month after New York Fed chief John Williams said he sees "no urgency" for further action after US central bank's policy rate increase earlier this month. Traders now see about a 50-50 chance of quarter-point rate hike at the Fed's upcoming meeting in October, based on pricing of fed funds futures contracts, down from nearly 70% earlier in the day. The US central bank does not need to raise interest rates with "urgency" although a further increase may be required late this year, the president of the Federal Reserve Bank of New York said on Tuesday. The Fed raised the key interest rate for the world's largest economy at its meeting earlier this month, increasing it by 25 basis points to a range between 3.75 to 4.00 percent to combat stubbornly high inflation. US natural gas futures fell about 3% on Tuesday on forecasts for less demand this week than previously expected and the market's belief that daily output will soon rise after the Mountaineer XPress pipe in West Virginia returned to service last weekend. On its first day as the front month, gas futures for November delivery on the New York Mercantile Exchange fell 9.5 cents, or 3.1%, from where the November contract closed on Monday to $3.011 per million British thermal units (mmBtu) on Tuesday. Federal Reserve Bank of New York President John Williams said on Tuesday that he’s not looking for energy prices to be the driver of inflation in the future that they have been thus far this year. “Depending on what happens with the [Middle East] conflict - and there's a lot of uncertainty about that - if you think, well, oil prices probably aren't going to double, increase a lot again, then that impulse to inflation should fade, just like the tariff impulse to inflation has faded,” Williams said in an appearance at the University at Buffalo. US President Donald Trump said his meeting on Tuesday with AI leaders was very good and "very productive, extremely friendly." He also said the companies would "work with local communities for the data centers in particular, and they're going to work to make the community happy." Chicago Federal Reserve President Austan Goolsbee said Tuesday that allowing inflation to stay above the Fed's target for 5-1/2 years is "playing with fire," noting that the Fed may need to respond to a supply shock that has long-lasting effects. "It's an unpleasant situation... (but) I think we have to consider responding to those persistent shocks," Goolsbee said. Goolsbee said he is one of the more optimistic of Fed policymakers as far as his rate-path expectations are concerned, but before cutting rates "we've got to get some evidence that inflation is coming back down, that these things that are supposed to be temporary are in fact going away." OpenAI on Tuesday unveiled always-on agents called Dots that chase user goals across apps on their own, deepening its push into the lucrative enterprise market and pitting it against Meta in the race to sell AI that can work autonomously. US-Canada relations, already tense, are likely to deteriorate further after the United States went ahead early Tuesday with a decision to ban nearly $1 billion worth of Canadian imports, including alcoholic beverages, dairy products and motorcycles. The ban amounts to barely a ripple in $880 billion worth of annual two-way trade between the two northern neighbours. But it marks another ratcheting up of President Donald Trump’s second-term trade war with America’s longtime ally and trading partner. President Donald Trump on Tuesday promised the government wouldn't limit the development of artificial intelligence, even as top executives of AI firms that have called for delays convene in Washington. “I will never stifle the growth of a technology that will be bigger than the industrial revolution,” Trump said at the unveiling of an AI chatbot, America.gov, intended to help Americans negotiate government services. “We can’t stifle it, and we’re leading by a lot.” Yields on the longest-dated US Treasury bond climbed for a sixth consecutive session on Tuesday, crossing another key threshold as a global debt-market selloff intensified, Bloomberg reported. The 30-year yield rose above 5.61%, reaching its highest level since 2002 and moving further into territory common before the low-interest-rate era that followed the global financial crisis and pandemic. Elevated energy prices added to inflationary pressure, while heavy corporate-debt issuance weighed on the market. (Read More) OpenAI's annualized recurring revenue is approaching $70 billion, driven by a more than twofold increase in enterprise sales since July, a source familiar with the matter told Reuters on Tuesday. The startup's annualized revenue run rate has risen by more than 70% since the beginning of the third quarter in July, the source said, declining to be named as the matter was private. OpenAI generated more consumer revenue in the third quarter than in all of last year, according to the source. Axios first reported the news. Annualized revenue run rate is sometimes misleading sales metric, which often involves multiplying one month's revenue by 12, but it has nonetheless become a popular metric commonly used by fast-growing Silicon Valley startups. The French government will sell a record amount of bonds to investors next year as it faces a surge in COVID-era debt due for redemption and needing to be refinanced, the public debt management office said on Tuesday. Agence France Tresor (AFT) said it plans to issue €340 billion ($385.7 billion) of medium and long-term bonds next year, net of buybacks, up from €310 billion this year. AFT will have to offload the record amount into an increasingly jittery bond market as concerns about France's strained public finances and uncertainty about its presidential election next year have sent borrowing costs spiralling higher. Artificial intelligence industry leaders, including Anthropic PBC CEO Dario Amodei and Nvidia Corp. CEO Jensen Huang, are heading to Washington to meet President Donald Trump and discuss growing global concerns over the potential threats posed by AI, Bloomberg reported. Trump was scheduled to host the executives for a lunch at the White House on Tuesday, alongside House Speaker Mike Johnson. Other technology executives expected to attend included Meta Platforms Inc. CEO Mark Zuckerberg, Palantir Technologies Inc. CEO Alex Karp and OpenAI President Greg Brockman. The White House engagement on AI safety comes as a notable shift for Trump, who just last week dismissed concerns over catastrophic risks from the technology as “a hoax.” The attendee list released by the White House also included Microsoft Corp. CEO Satya Nadella, SpaceXAI’s Elon Musk and Advanced Micro Devices Inc. CEO Lisa Su. Vice President JD Vance, Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and White House Science and Technology Policy Advisor Michael Kratsios were also expected to participate. The Trump administration said on Tuesday it is offering to loan energy companies 40 million barrels of oil from the Strategic Petroleum Reserve, in an effort to control soaring fuel prices that have jumped on the widening war with Iran and Russia's war on Ukraine. The United States agreed in March to loan 172 million barrels of oil from the SPR as part of a wider deal with about 30 countries in the International Energy Agency to release 400 million barrels. Scoring company Fair Isaac Corp. plunged over 26% after Federal Housing Finance Agency Director Bill Pulte said Fannie Mae and Freddie Mac would move to a single pricing grid. OpenAI's annual recurring revenue is nearing $70 billion as enterprise sales have more than doubled since July, Axios reported on Tuesday, citing sources familiar with the financials of the startup. The ChatGPT maker's annualised revenue run rate has grown more than 70% since the beginning of the third quarter, the report said. US Treasury yields edged higher in volatile trading on Tuesday as oil prices retreated and expectations for further Federal Reserve rate increases stabilised ahead of key inflation and employment data. The benchmark 10-year yield rose 0.9 basis points to 5.251%, while the 30-year yield climbed 1.63 basis points to 5.5783%, its highest level since May 2004. CarMax on Tuesday reported a rise in second-quarter profit and revenue, as the used-car retailer leaned on its pricing strategy to drive a rebound in sales, sending its shares up over 7%. The copper market is entering a phase where the biggest concern is no longer how quickly demand is growing, but how much metal is actually available to meet it.With global copper inventories at historic lows, Deutsche Bank says the market is moving away from a “demand-driven” dynamic towards a “supply liquidity crisis”, as buyers compete to secure an increasingly limited pool of spot supply. Read more US job openings fell in August, but layoffs remained low, pointing to a stable labor market. Job openings, a measure of labor demand, had dropped by 256,000 to 7.079 million by the last day of August, the Labor Department's Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey, or JOLTS report, on Tuesday. Data for July was revised higher to show 7.335 million vacancies instead of the previously reported 7.271 million. Tesla and SpaceX CEO Elon Musk, Microsoft top boss Satya Nadella, Amazon founder Jeff Bezos, ServiceNow CEO Bill McDermott and Micron CEO Sanjay Mehrotra will be among the attendees at the AI meeting hosted by US President Donald Trump on Tuesday, Axios reported, citing RSVPs. Carnival Corp on Tuesday raised its annual profit forecast and said it expects strong booking trends for 2027, sending shares of the cruise operator up nearly 12%. The company has been benefiting from affluent travellers who continue to prioritise experiences, particularly sea voyages and bucket-list adventures, despite an uncertain environment stemming from the ongoing Middle East conflict. Median granted CEO pay at S&P 500 companies rose by more than 8% in 2025 to reach $18.2 million, while cash sign-on bonuses for incoming CEOs hit a six-year high, according to the Executive Compensation in 2026 report from Diligent Market Intelligence. The Dow Jones Industrial Average fell 64.6 points, or 0.13%, at the open to 51416.96. The S&P 500 rose 15.9 points, or 0.21%, at the open to 7699.6, while the Nasdaq Composite rose 84.22 points, or 0.31%, at the opening bell to 26,904.60. (Read) US President Donald Trump said he has offered Iran nothing to end the war, rejecting media reports that cited US officials saying he was willing to ease sanctions and release frozen funds for "concrete" steps regarding Iran's nuclear programme. "This is untrue. I offered them NOTHING," Trump wrote on Truth Social on Monday. Summit Therapeutics shares surged 18.4% after British drugmaker AstraZeneca agreed to invest $2 billion in the biopharmaceutical company and collaborate on stu
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