Stocks
US Stock Market Declines as Oil Prices Rise and War Uncertainty Continues
The US stock market experienced a decline on Monday, September 28, 2026, as the S&P 500 fell 0.8% to 7,683.69.
The Dow Jones Industrial Average dropped 0.7%, reaching 51,481.51, while the Nasdaq composite lost 0.9% to 26,820.38.
The decline was largely attributed to rising oil prices and uncertainty surrounding the war with Iran, which has impacted the Strait of Hormuz.
Nvidia's historic stock buyback announcement failed to offset the losses, as yields in the US bond market reached their highest levels since 2007, with the 10-year Treasury yield jumping to 5.23%.