I'll gather today's top business and market headlines for you.
Here are today's top Business / Market headlines for Tuesday, September 30, 2026:
1. Global Bond Selloff - Worst Month In Years
•Global bonds wobbled on Wednesday and were set for their worst month in years, hit by a toxic mix of deteriorating government finances, a glut of issuances and rising inflation as the seven-month-old US-Israeli war on Iran keeps energy costs elevated.
•Benchmark 10-year US Treasury yields held near their highest point since 2007 at 5.2383% in Asia and were set for a rise of nearly 50 basis points this month - intraday Tuesday broke above 5.29% while the 30-year hit 5.62%
•The 2-year yield fell slightly to 4.8889% after New York Federal Reserve President John Williams pushed back against expectations for earlier policy tightening. Williams stated that the Fed has time to assess forthcoming data before deciding when to resume rate hikes, with hike bets for October receding from near 70% to roughly 50%.
2. U.S. Stocks End Slightly Lower, Tech Mixed
•On Tuesday, U.S. stock losses narrowed as pressure on long-term bonds remained unresolved.
•The S&P 500 fell 0.17% to 7,670.84 points, the Nasdaq Composite dropped 0.09% to 26,797.54 points, and the Dow Jones Industrial Average declined 0.26% to 51,349.92 points.
•Four of the S&P 500's 11 sectors gained, seven declined. Utilities rose 1.14%, while Energy dropped 0.89%. The Philadelphia Semiconductor Index rose 1.32%.
•Among Magnificent Seven: Meta gained 3.24% while Apple fell 2.66%, Nvidia declined 0.72%.
3. Weak U.S. Economic Data - Confidence Plunges
•The U.S. Consumer Confidence Index dropped to 81.9 in September from 88.6 previously. The research group said its consumer confidence index fell by 6.7 points to 81.9 in September from 88.6 in August - the lowest reading since 2014.
•August JOLTS job openings decreased by 256,000 to 7.079 million, missing the market forecast of 7.225 million.
4. Corning Lands $3 Billion+ AT&T Deal - Optical Rally
•Corning secured an over-$3 billion procurement agreement from AT&T - a multi-year agreement worth over $3 billion with AT&T to supply the fiber and cable needed to expand its network.
•Optical communications was one of last night's strongest themes - Lumentum rose 5.66%, Corning gained 4.70%, Marvell Technology jumped 4.51%.
5. IPO Market Jitters - Oura Delays Listing
•Oura Postpones IPO Over Market Uncertainty - The smart-ring maker said it was delaying its listing despite strong demand.
•Oura postponed its Nasdaq IPO on September 29, days after filing to sell 50 million shares at $40 to $44 each, a deal that would have raised as much as $2.2 billion.
6. International / India Headlines (BL Morning Report)
•Russia’s Rosatom is in talks with Adani, Reliance, Jindal and NTPC to participate in India’s expanding nuclear power programme - India targets 100 gigawatts of nuclear capacity by 2047.
•Essar-backed Mesabi Metallics has announced an $18 billion investment to build an integrated steel business in the US, including a $15 billion steel complex in Iowa.
•The Supreme Court has questioned steep mark-ups on essential medicines, including a cancer drug sold for ₹27,000 after being supplied to retailers for about ₹3,000.
7. What to Watch Today - Sept 30
•Tonight at 20:15, start with the September ADP employment data.
•At 20:30, August PCE, personal income and spending, and the third estimate for Q2 GDP will be released simultaneously - key focus is core PCE month-over-month and reaction of 2-year and 10-year yields.
•Final trading day of the month and quarter - end-of-session volatility from institutional rebalancing may emerge.