US stocks came under heavy selling pressure on Monday, with Nasdaq futures falling more than 1.5% in afternoon trade, as a sharp rise in oil prices, renewed concerns over interest rates and weakness in AI-linked stocks weighed on investor sentiment. Stay tuned with us for live market updates.
US Stock Market Live Today: Trump Pushes Back Against Calls For More AI Regulation
President Donald Trump dismissed calls for stricter AI regulation on Monday, targeting Anthropic CEO Dario Amodei for advocating a slowdown in development. Writing on Truth Social, Trump argued that the only necessary guardrail for AI is a "STRONG AND SMART (High IQ!) PRESIDENT." He further accused Amodei of "pretending to be a 'perfect little angel'" while asserting that his administration has successfully kept AI figures from doing harm.
US Stock Market Live Today: US Treasury Yields Hit Highest Since 2023
US Treasury yields climbed sharply on Monday, with the benchmark 10 year yield briefly crossing 5%, its highest level since October 2023, as investors increasingly expect the Federal Reserve to raise interest rates this week.
The 10-year Treasury yield rose nearly 3 basis points to around 5.004%, crossing the closely watched 5% threshold. The 2-year yield, which is more sensitive to expectations for Fed policy, also moved higher, while the 30 year yield approached 5.4%.
The move comes ahead of the Fed's September 15 to 16 policy meeting, with the decision due on Wednesday.
Read more here.
US Stock Market Live Today: 10-Year Treasury Yield Hits 5% For First Time Since 2023
Ahead of the Federal Reserve's upcoming interest rate decision, the 10-year U.S. Treasury yield climbed over 2 basis points to 5% on Monday. This marks its highest point since October 2023, putting upward pressure on consumer borrowing costs for mortgages, auto loans, and credit debt.
US Stock Market Live Today: Market Update
- The S&P 500 fell 0.8% as of 11 a.m. New York time
- The Nasdaq 100 fell 1.3%
- The Dow Jones Industrial Average fell 0.5%
- The Stoxx Europe 600 fell 0.7%
- The MSCI World Index fell 0.8%
US Stock Market Live Today: Fed Rate Hike Bets Rise to Around 89%
Markets are pricing in roughly an 89% probability of a 25 basis point Fed rate hike at the September 15-16 meeting. Major banks including Goldman Sachs and JPMorgan are also expecting a quarter-point increase.
A higher Fed rate could increase borrowing costs and reduce the valuation appeal of high-growth technology stocks.
With oil near $110, AI investment concerns rising and rate-hike expectations elevated, Wall Street could remain under pressure through Monday's session.
US Stock Market Live Today: Three Reasons Why US Stock Market Crashed Today
US stocks opened sharply lower on Monday, September 14, as investors reacted to surging oil prices, fresh warnings from AI leaders and rising expectations of a Federal Reserve rate hike. The Nasdaq fell 1.1% at the open, while the S&P 500 declined 0.59%. The Dow Jones initially gained but soon turned lower by 0.26%.
The three primary reasons behind the selloff are rising Fed bets, with traders pricing nearly a 90% chance of a rate hike this Wednesday; along with investors' concerns over top AI companies' pitch to slow down the technology's development; and the fears of a spike in inflation due to Brent crude oil hitting $110 per barrel.
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US Stock Market Live Today: JD Vance On AI
JD Vance on AI:
- I don't think Americans should be scared of anything.
- I think that we have to be mindful that there are risks to anything, including AI.
US Stock Market Live Today: Infosys, Wipro ADR Up 2%
The American depositary reciepts (ADR) for information technology stocks saw a surge of up to 5% on Monday, despite the slump in semiconductor companies's shares.
The ADR for firms like Infosys and Wipro increased by 2% while the ADR for Cognizant, ServiceNow and Accenture increased by 4%.
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US Stock Market Live Today: Micron, Intel, AMD, SanDisk Slump Up To 8% As Chip Trade Flips On AI CEOs' Slowdown Call
Shares of notable semiconductor brands such as SK Hynix, Nvidia, Intel, Micron, AMD and Sandisk were in the red, slumping up to 8% during early market trade on Monday.
This comes after a major announcement from Anthropic's Chief Executive Officer (CEO) Darius Amodei and OpenAI CEO Sam Altman announced plans to slow down the pace of artificial intelligence development in order to accommodate for safety protocols and frameworks.
Shares of Intel Corp. were trading 8% lower when markets opened.
Read more here.
US Stock Market Live Today: Infosys, Wipro ADR Rise
Infosys and Wipro ADRs have risen 2%.
US Stock Market Live Today: Bonds Advance
- The yield on 10-year Treasuries advanced two basis points to 4.98%
- Germany’s 10-year yield advanced two basis points to 3.53%
- Britain’s 10-year yield advanced five basis points to 5.40%
US Stock Market Live Today: Bitcoin Rises Nearly 1%
- Bitcoin rose 0.8% to $77,911.38
- Ether fell 0.3% to $2,505.03
US Stock Market Live Today: Currency Update
- The Bloomberg Dollar Spot Index rose 0.5%
- The euro fell 0.6% to $1.1535
- The British pound fell 0.4% to $1.3475
- The Japanese yen fell 0.8% to 154.88 per dollar
US Stock Market Live Today: AI Favorite Nvidia Declines
AI favorites Nvidia and Broadcom both dropped 3%, while Advanced Micro Devices, Intel, and Marvell Technology suffered steeper losses of 5%, 7%, and 8%, respectively.
US Stock Market Live Today: Brent Spikes To $110/Barrel As Saudi East-West Pipeline Goes Out Of Service
Brent crude prices spiked to $110 per barrel on Monday, after reports said that Saudi Arabia's East-West pipeline, which came under attack this week, will remain out of service for a considerable time to come.
The benchmark was up around 5% as attacks and the closure of a key Saudi pipeline added to the impact of the Iran war.
The immediate trigger was Saudi Arabia's shutdown of its 1,200-km East-West pipeline after drone strikes launched from Iraqi territory damaged the crucial oil route.
US Stock Market Live Today: Nasdaq Tumbles Over 1% As AI Slowdown Calls, $110-Oil Scares Investors
Dow Jones fell 0.31% 0or 16512 points to 52,308.93, S&P 500 was down 0.74% or 55.27 points at 7,601.71 and Nasdaq slipped 1.22% or 317.04 to 26,018.23. This comes amid a sharp rise in oil prices, renewed concerns over interest rates and weakness in AI-linked stocks weighed on investor sentiment.
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