The S&P 500 rises slightly on Monday as investors try to recoup some of September losses: Live updates

The S&P 500 rose slightly on Monday as 10-year Treasury bonds rose to start the final week of September, in which it has so far recorded major losses.

The overall index rose 0.2%, while the Nasdaq Composite rose 0.3%. The Dow Jones Industrial Average fell 14 points to 0.04%.

The 10-year Treasury yield peaked at 4.5%, reaching similar levels to last seen in 2007 when it reached 4.57%. At level 4 it was most recently more than 8 basis points higher 527%.

The chemicals giant Dow was the best-performing member of the 30-stock index, posting a closing gain of 1.5% as JPMorgan rose. The biggest gainer in the S&P 500 index was the energy sector, which rose 1%. Elsewhere, Amazon shares rose more than 1% after the online retail giant said on Monday it would invest up to $4 billion in artificial intelligence company Anthropic. Apple rose almost 1%. Nvidia shares rose more than 1%.

“We have very negative interest rates and very positive AI,” said Jay Hatfield, CEO of Infrastructure Capital Management. Meeting at the midpoint, our destination remains fixed.

stocks struggled this month as the Federal Reserve announced longer interest rate hikes and pushed up bond yields. The market also suffered from rising oil prices and the dollar’s strong performance during a seasonally weak trading month.

The S&P 500 index fell more than 4% in September, extending its second straight month of losses and its worst month since December. The tech-heavy Nasdaq Composite index fell 6% in September, with growth stocks feeling the brunt of the decline, which also posted their biggest monthly loss since December. The blue-chip Dow fell a more modest 2% this month.

investors are also closely following the progress of the budget resolution in Washington. Over the weekend, legislators showed little indication of progress on an agreement aimed at ensuring the stability of the United States. Publicly financed through the fiscal year’s end.

Energy is the top gainer in the S&P 500

Energy was the leading advancer in the S&P 500 on Monday, with the sector last rising 0.9% in midday trading.

Shares of Coterra Energy and EOG Resources outperformed the sector by 2.3% and 1.9%, respectively. EQT shares rose 1.5%.

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