The Dow Jones ended the session with losses of 330 points, while at the day's low, the index was down over 500 points. The S&P 500 fell 0.5%, while the Nasdaq saw a 0.8% drop, with the losses being curtailed by buying seen in some AI-linked names like AMD and Qualcomm.

U.S. Treasury yields climbed to about 5.01% on the 10-year note, a move Reuters and WSJ say put pressure on stocks and helped push the Dow down.

Traders brace for the possibility of a new rate hiking cycle from the Federal Reserve.

Traders expect a 92% chance the Fed will hike interest rates on Wednesday.

All three major indices closed lower for the day Read more at The Business Times.

The Dow Jones Industrial Average fell 366 points in an unofficial close. The index declined 0.70% to end the session at 52,054.80. The close was recorded as an unofficial figure.

The Dow Jones posted its worst performance for the first 10 days of September since 2008, while the S&P 500 and Nasdaq Composite recorded their weakest start to the month since 2020.

Oil prices and bond yields continue to rise, and stocks continue to struggle, as the Fed gets together to talk about inflation and interest rates.

Major indices are losing ground ahead of tomorrow’s Fed Interest Rate Decision.

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