Wall Street Dips as Surging Treasury Yields Offset Software Gains

AI-generated NewsSnap summary based on source reporting.
Published: 2026-10-01T18:51:00Z
Category: business
Source: Business Recorder

U.S. stock indexes saw a mixed performance with Wall Street dipping as surging Treasury yields tested investor appetite, despite gains in software shares. Accenture climbed 22% after forecasting full-year revenue growth above estimates, and Micron Technology's better-than-expected revenue forecast reinforced confidence in the AI sector. The yield on the benchmark 10-year Treasury note touched 5.3445%, its highest since 2002.

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