Stock Market Update
28-Sep-26 12:35 ET
Stocks trim losses as oil and rate pressure eases
Dow -193.58
at 51634.95,
Nasdaq -154.32
at 26935.44,
S&P -38.01
at 7705.50
[BRIEFING.COM] The S&P 500 (-0.4%), Nasdaq Composite (-0.5%), and DJIA (-0.3%) have risen sharply in recent trade following a CNN report that President Trump is open to providing Iran sanctions relief in exchange for progress toward a nuclear deal.
The headline has driven a pronounced reversal in crude oil, which is now down $0.32 (-0.3%) at $92.10 per barrel after trading sharply higher earlier. Treasury yields have also retreated from their highs, with the 10-year note yield now up six basis points at 5.22%, helping the major averages recover a sizable portion of their earlier losses.
