Global markets-Shares dip with pressure from technology, yields and oil fall

MSCI's global equities gauge lost ground on Monday as weakness in technology stocks offset support from a dip in U.S. Treasury yields and falling oil prices. While most of the S&P 500's industry sectors finished Monday's session with gains, heavyweight technology led losses among the benchmark's three declining sectors, with a 1.6% drop. > "Today it's a mixed bag. Technology is being dragged down by the overnight news from two key companies, but the rest of the market is reacting positively to lower oil prices and lower bond yields," said Gene Goldman, chief investment officer at Cetera, El Segundo, California. In particular, Goldman pointed to Alibaba's 9988.HK, BABA.N launch of a $10.2 billion share sale at a steep discount to fund its AI ambitions. And South Korean shares fell after Samsung Electronics 005930.KS announced a $79 billion shareholder-return plan, a record amount but still smaller than what investors had expected. Earlier, South Korea's KOSPI index .KS11 finished down more than 3%. Technology investors were also on edge ahead of Nvidia's NVDA.O quarterly financial report on Wednesday with worries about how hard it will be for the leading AI chipmaker to meet sky-high expectations. The Dow Jones Industrial Average .DJI rose 140.15 points, or 0.26%, to 53,417.16. The S&P 500 .SPX fell 21.51 points, or 0.28%, to 7,652.86 and the Nasdaq Composite .IXIC fell 200.26 points, or 0.76%, to 25,980.19. MSCI's gauge of stocks across the globe .MIWD00000PUS fell 4.58 points, or 0.40%, to 1,145.23. Earlier in the day, the pan-European STOXX 600 .STOXX index ended its session little changed at 654.21. In currencies, the U.S. dollar advanced after hitting three-month lows last week while U.S. hostilities with Iran intensified along with U.S.-Canada trade tensions. President Donald Trump on Monday threatened to raise U.S. tariffs on all cars, trucks and automotive parts from Canada to 50% starting January 1, 2027, escalating their trade fight after negotiations collapsed on Friday. A day after the talks floundered, Canadian Prime Minister Mark Carney said on Saturday that retaliatory Canadian tariffs on U.S. goods would come into effect on September 8. With that, the Canadian dollar CAD= weakened 0.56% versus the greenback to C$1.385 per dollar. The dollar index =USD, which measures the greenback against a basket of currencies, including the yen and the euro, rose 0.2% to 99.01, with the euro EUR= down 0.15% at $1.1662. Against the Japanese yen JPY=, the dollar strengthened 0.13% to 159.13. Oil prices fell more than $2 per barrel as traders shrugged off U.S. Treasury Secretary Scott Bessent's announcement of an expansion of secondary sanctions that Washington can impose on entities and countries that maintain business ties with Iran as the U.S. significantly ratchets up economic pressure on Tehran, nearly six months into their war. In energy markets, U.S. crude CLc1 settled down 2.35%, or $2.05, at $85.01 a barrel and Brent LCOc1 settled at $92.17 per barrel, down 2.35%, or $2.22, on the day. In precious metals, gold prices pushed to their highest levels in more than three months as technical buyers piled into a rally driven by the U.S. Treasury's recent buyback announcement and a weaker dollar ahead of this week's inflation data and the Jackson Hole meeting. Spot gold XAU= rose 0.97% to $4,647.29 an ounce. U.S. gold futures GCc1 rose 1.01% to $4,670.90 an ounce. Also coming up this week is Federal Reserve Chair Kevin Warsh's first speech at an annual conference in Jackson Hole. The appearance has taken on added weight as traders and analysts look for guidance about the recent jump in bond yields and for reassurance of his independence from the Trump administration. While traders are pricing in a roughly 58% probability that the Fed will hold rates steady at its September meeting, their bets that rates will not be hiked fall to 43.8% for October and to 25.7% for December, according to CME Group's FedWatch tool. Meanwhile, Treasury Secretary Bessent said that the U.S. government will continue with its regularly scheduled debt auctions, including for long-dated bonds, despite its move to increase buyback sizes of 10- to 30-year securities. In government bonds, the yield on benchmark U.S. 10-year notes US10YT=RR fell 3.79 basis points to 4.7%, from 4.738% late on Friday. The 30-year bond US30YT=RR yield fell 4.84 basis points to 5.2276%. However, the 2-year note US2YT=RR yield, which typically moves in step with interest rate expectations for the Federal Reserve, rose 0.4 basis points to 4.238%.

Global markets-Shares dip with pressure from technology, yields and oil fall

Technology weakness weighs on global stocks

U.S. stocks and global benchmarks finish mixed

Trade tensions lift the dollar and pressure oil

Yields fall as traders await Jackson Hole and Fed signals

Related News

Fifth Third to Present at Barclays Global Financial Services Conference

Brief-Serina Therapeutics Offers Up To 12,500,000 Shares Of Common Stock By Roth Principal Investments - SEC Filing

PFG SVP, Chief Accounting Officer Chasity Grosh sells 643 shares worth $67,123.06

SL Green President and CIO Harrison Sitomer sells 39,000 shares for $2.27 million

Rackspace Technology says President of Public Cloud Dharmendra Sinha to depart in September 2026