Top U.S. Stories

  • Trump rejects Iran’s peace proposal. Iran’s plan to end the war, relayed through Qatari mediators after the U.N. General Assembly, was turned down, though Trump said U.S. negotiators should hold more talks this week (Yahoo Finance). Why it matters: A reopened Strait of Hormuz now looks further away, keeping oil and inflation risks elevated.
  • Treasury yields climb to a 19-year high. The 10-year yield touched 5.274%, its highest since June 2007, while the 30-year reached levels not seen since 2004. Why it matters: Higher long-term rates feed straight into mortgages, car loans and corporate borrowing costs.
  • FAA delays Boeing 737 MAX 10 certification. The regulator will review a software issue that could cut off automated flight guidance during a go-around, sending Boeing shares down about 7% (CNBC).
  • White House moves to claw back funds. The administration is pursuing a pocket rescission of more than $800 million Congress already approved, setting up a clash with lawmakers.

Compass Insight

Monday’s market told one story: oil up, inflation fears up, yields up, stocks down. By rejecting Iran’s offer, Trump signaled that a deal will come on his terms or not soon, and bond traders responded by pricing in a Fed that stays tight, or tightens further. Rate-sensitive tech lagged the Dow, a reminder that valuations built on low rates are the first to feel the squeeze. Note, too, that heavy government and AI-related bond issuance is adding to the pressure on yields independently of the Middle East. In the short term, watch whether this week’s U.S.-Iran talks actually happen and Friday’s jobs report. Over the longer run, the key question is how long households and companies can live with 5%-plus long-term rates.

Markets

  • Dow: 51,481.51, down 347.11 points (-0.67%)
  • S&P 500: 7,683.69, down about 0.8%
  • Nasdaq Composite: 26,820.38, down about 0.9%
  • WTI crude: settled at $92.60, up 19 cents, after hitting $96.54 intraday
  • USD/JPY: 156.88 (ECB reference rate, Sept. 28, via Frankfurter)
  • Nikkei 225: 65,877.62, down 486.58, its first loss in six sessions

Stocks in Focus

  • Boeing / GE Aerospace: Both fell on the MAX 10 certification delay (GuruFocus).
  • Nidec (Japan): Shares hit limit-down in Tokyo on reports of a roughly ¥1 trillion impairment tied to accounting irregularities and the ouster of its president (Bloomberg). Earnings are due Sept. 30.

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Auto-generated and AI-written. Not investment advice.