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Office leasing at record 66.4 mn sq ft in Jan-Sep across top 9 cities, driven by GCCs: CBRE
Leasing of office spaces in nine major Indian cities during January-September 2026 reached 66.4 million square feet. This represents an 8 percent year-on-year increase in demand for these spaces. Global Capability Centres have significantly contributed to this growth, leasing 28 million square feet in total. The overall absorption during the July-September quarter was 21 million square feet, reflecting a 6 percent rise.
ET Alpha Wealth Summit 2.0: Decoding the new investment landscape and shift in smart money
Transformations in the global economy are reshaping how investors allocate capital and devise strategies. Geopolitical conflicts and tech rivalries are challenging conventional wisdom, leading to heightened interest in markets such as India, Southeast Asia, and the Gulf states. Strategic investments in infrastructure and commodities have gained importance. The upcoming ET Alpha Wealth Summit aims to delve into these transformative investment trends.
Railways To Phase Out ICF Coaches By FY28
Roughly 340-350 such rakes remain to be converted out of around 2,000 rakes.
Government procurement from MSEs hits 48,635 crore in H1 FY27, H2 seen stronger
MSEs accounted for 53% of central government procurement in H1 FY27, well above the 25% mandate, with industry expecting procurement to pick up in the second half.
Mint Explainer | Why state-owned BSNL is wary of Trai's proposed service quality rules
BSNL says tighter compliance requirements and higher financial disincentives could add to pressures it faces, making it harder to meet its public-service obligations and expand its network.
European shares edge higher after bonds-driven selloff, focus on inflation data
Following a sharp selloff, European stocks made a modest recovery, influenced by recent shifts in the bond market. Investors are keeping a close eye on upcoming euro zone inflation data that could steer monetary policy. Additionally, the US nonfarm payrolls figures are eagerly awaited, with estimates suggesting an increase of 90,000 jobs for September.
Carlsberg India unit, 3 other firms get Sebi nod to proceed with IPO plans
Sebi has provided observations for the IPOs of Carlsberg India, Matangi Rubber, Ujin Pharma, and TMC Transformer. Carlsberg's filing is under wraps, with specifics to be announced later. Matangi Rubber intends to issue 57.61 lakh new shares, complemented by an offer for sale. Ujin Pharma is looking to offer 1.18 crore shares, and TMC Transformer targets a substantial Rs 550 crore IPO, consisting solely of new issues.
Sept IPO Fundraising Highest In CY26
The Indian IPO market recorded its highest monthly fundraising in September, with 34 mainboard companies raising 39,309 crore, despite a significant decline in the Nifty 50 index.
Indias retail leasing map shifts: Delhi NCR leads in Q3, Hyderabad gains on Mumbai
India's retail real estate market saw strong demand in Q3 2026, led by Delhi NCR, Hyderabad, and Mumbai, which accounted for 61% of gross leasing volume. Fashion and Food & Beverage dominated leasing activities, while future Grade A mall supply is expected to enhance retail space availability.
Bitcoin leads crypto market rebound above $85K as short liquidations accelerate
Crypto markets rose on Friday as total market capitalisation reached $3.042 trillion, with Bitcoin reclaiming $85,000 amid easing Treasury yields and a short squeeze. Bitcoin gained about 2%, while Ethereum held above $2,700. Investors now await US jobs data for clues on Treasury yields, the dollar and cryptos next move.
Factories Pull Back on New Investments in FY25, Employment Hits Record High
Indian factories saw an 8 per cent decline in gross fixed capital formation (GFCF) in FY25, marking the first drop since the pandemic, despite achieving record high employment generation, according to the latest Annual Survey of Industries (ASI) data.
With the Fed entering a tightening cycle, India faces a tougher monetary policy trade-off as the rupee remains under pressure and inflation shows signs of broadening. Ankita Pathak of Ionic Asset says RBIs policy flexibility could narrow, while elevated US yields and a stronger dollar may weigh on Indian equities and capital flows.
Danish brewing giant Carlsbergs India arm, 3 others get Sebi nod to float IPOs
In a significant move for India's market, Sebi has greenlit IPOs for Carlsberg's local entity, TMC Transformers, Ujin Pharma, and Matangi Rubber. TMC Transformers aims to raise Rs 550 crores via new equity to establish a manufacturing plant. Ujin Pharma's offering includes fresh shares and a sale from its promoters, while Carlsberg joins other global firms in this venture. Matangi Rubber has also successfully navigated the IPO approval process.
ICICI Prudential Mutual Fund launched its new Contra Fund, open for subscription until October 12. The scheme follows a contrarian strategy, investing in out-of-favour companies with turnaround potential. Experts stress research, patience and a long-term horizon, while cautioning that contra funds can underperform for extended periods as market sentiment shifts.
Anup Saha has been appointed CEO of Kotak Mahindra Bank for a three-year term starting January 1. He succeeds Ashok Vaswani, stepping down for personal reasons. Saha has over 30 years of experience, including a significant tenure at ICICI Bank, highlighting its role in producing banking leaders.
360 ONE Capital Research has picked eight stocks for October, including Coal India, NTPC and ITC, with Buy ratings and target prices, citing earnings prospects and growth drivers.Coal India, NTPC among 360 ONE Capital Researchs 8 stock picks for October. Check full list with target prices
GIFT City is emerging as a gateway for Indian investors seeking global diversification, offering access to US stocks, ETFs and sectors such as AI and semiconductors. Mustafa Pardiwala of Mirae Asset Capital Markets (IFSC) explains how investors can start with smaller amounts, the role of ETFs, currency risk and fractional investing.
The Telangana Cabinet has approved the release of two pending DA instalments for employees and pensioners, adding 2,500 crore annually to the state's financial burden. Details here.
Small car sales revive on back of GST relief
A year after GST rates were rationalised, retail growth in automobiles has sustained beyond the initial festival surge, led by two-wheelers and passenger vehicles (PVs), with the Fada data showing rural markets emerging as a key driver of the post-GST demand recovery.
Global Markets | Japan's Nikkei retreats from 6-week high as investors lock in gains
Japanese rubber futures saw a minor decline amid a slight pullback in Tokyo equities, yet they continue to show prospects for growth. The Osaka Exchange's rubber contract dropped due to concerns over interest rates and geopolitical instability. With natural rubber production declining alongside consumption, the market faces ongoing supply challenges.
Mint Explainer | How the GOBARdhan scheme helps in achieving energy security and transition
The 23,731 crore scheme is aimed at boosting compressed biogas production almost 10-fold by FY36, enhancing national energy security and supporting rural livelihoods.
Bajaj Finance to raise Rs 17,500 cr via QIP, pref issue
Bajaj Finance plans to raise up to Rs 17,500 crore through a Rs 11,700-crore QIP and Rs 5,800 crore warrant issue to promoter Bajaj Finserv. The fundraising requires shareholder approval; institutional investors will receive QIP shares while promoter warrants could help maintain Bajaj Finservs stake and limit dilution.
Bagchis appointment as HDFC Banks MD reflects RBIs preference for external candidates
Anup Bagchis appointment as HDFC Bank CEO adds to a recent string of external candidates chosen to lead private banks, as RBI weighs continuity, independence and fresh perspectives.
Midcap mutual funds: 3 top performers and 3 laggards SIP investors should know
Over two years, HSBC Midcap Fund delivered the highest SIP return at 17.5%, followed by WhiteOak and ICICI Prudential. The midcap category averaged 7.85%, while monthly SIP flows rose 37%.
Rs 15,000 SIP made investors crorepatis in 15 years: These 30 mutual funds struck gold
A Rs 15,000 monthly SIP grew to more than Rs 1 crore over 15 years in 30 of 138 equity mutual fund schemes analysed. Small-cap and mid-cap funds dominated the list, but experts caution that past returns cannot be treated as forecasts and stress diversification, consistency and scheme selection.
Import Tax Fuels 18.1% Rise in India's September GST Revenue
India's Goods and Services Tax (GST) receipts, after accounting for refunds, surged by 18.1 per cent annually to approximately 1.77 trillion in September, marking its fastest growth in six months. This increase was primarily driven by a significant rise in tax revenue from imports, which grew 26 per cent annually.
Jefferies is bullish on 6 healthcare stocks with upside potential of up to 46%. Own any?
Hospital stocks extended losses amid regulatory scrutiny over cancer-drug markups and pharmacy practices. Despite the selloff, Jefferies maintained Buy ratings on six healthcare companies, citing target-price upside ranging from 22% to 46% and strong projected EBITDA growth through FY29.
Eligible salaried workers outside the formal provident fund system can be enrolled now through EPFO's special one-time window. But does it mean they will lose interest on past contributions?
HDFC Mid Cap and TrustMF Mid Cap among 5 midcap funds with highest cash holding
Five midcap mutual funds held between 4.85% and 7.19% cash in August portfolios. Axis Midcap Fund had the highest allocation, followed by HDFC Mid Cap, TrustMF Mid Cap, Franklin India Mid Cap and Canara Robeco Mid Cap.
Five equity mutual funds delivered annualised SIP returns of up to 24.6% over 10 years. The funds span small-cap, mid-cap and ELSS categories, highlighting strong historical performance while underscoring the importance of risk, goals and investment horizon.
Indian markets closed on October 2 for Gandhi Jayanti
Trading will resume on Monday, October 5
Gold price today: Precious metal slips ahead of US Jobs data; MCX closed for Gandhi Jayanti
Gold prices fell 0.6% to $4,154.78 an ounce, heading for a second weekly decline as a stronger US dollar and elevated Treasury yields pressured bullion. Traders await US jobs data for Fed-rate clues. With MCX closed for Gandhi Jayanti, international markets, Middle East tensions and weekend developments could drive Mondays domestic opening.
Five midcap mutual funds delivered annualised returns of 20% or more over three years, led by HSBC Midcap Fund at 23.7%. Here are the top performers and laggards.
Nifty valuations have reset sharply from 2024 levels and are now near post-Covid lows, says Alchemy Capitals Alok Agarwal. He sees the next phase of market growth broadening beyond large caps. Mid- and small-caps, AI infrastructure, healthcare, manufacturing and select defence companies offer opportunities, while global yields and FPI flows remain key.
ICICI Pru AMCs S Naren on contrarian investing, AI risks and navigating a volatile market
In Mint Money Guru, S Naren discusses oil, US rates, AI risks and small-cap valuations, and explains why contrarian investing can extend beyond value stocks as he launches a contra fund.
US Treasury yield hits the Highest Since 2002 at 5.34%
The yield on the 10-year Treasury note has surged past its 2007 high, now sitting at 5.34%. At the same time, 30-year US bonds have hit a 24-year peak this week. The rise in global sovereign debt is primarily driven by escalating oil prices amid the ongoing Middle Eastern conflict. Investors are now bracing for potentially further interest rate hikes from central banks.
D-Street logs longest spell of week slump in 25 years
Indian equity markets faced significant pressure as US bond yields surged, leading to a record selloff. The Sensex and Nifty experienced prolonged declines, surpassing previous downturns witnessed during the Covid pandemic. Foreign investors continued to withdraw their investments amidst rising crude oil prices, negatively impacting the rupee's value. Analysts suggest selective stock opportunities may arise despite challenging macroeconomic conditions.
Sri Lotus shares rally 29% in a month. Can luxury and redevelopment sustain the momentum?
Sri Lotus Developers & Realty has seen a remarkable 29% increase in shares, significantly outpacing the wider market. This boost is attributed to the anticipation surrounding their luxury initiatives and redevelopment projects, which promise robust pre-sales and profit margins. With 22 projects planned, the anticipated gross development value ranges from 17,500 to 18,000 crore. Furthermore, collections have surged year-over-year, suggesting a bright growth trajectory for the current fiscal year.
FPIs pull record Rs 3 lakh crore from Indian equities in 9 months. More pain ahead?
In an unprecedented turn of events, foreign portfolio investors have divested a staggering amount exceeding 3 lakh crore from Indian equities within the initial nine months of 2026. This marks a record outflow, largely driven by rising US bond yields and ongoing geopolitical conflicts, which diminish India's appeal for international investors.
Vishakha Renewables files IPO papers, eyes Rs 1,250 crore
Vishakha Renewables, a company founded by Gautam Adani that specializes in solar components, has submitted its Draft Red Herring Prospectus. The firm aims to secure 1,250 crore through an initial public offering, designated for debt repayment and other corporate needs. A portion, 900 crore, will specifically address current borrowings. The IPO also includes an offer-for-sale of 1.81 crore shares, with proceeds benefiting the selling shareholders.
Asian shares tumble after wild swings in bonds, FX before US jobs data
Bond markets were again the centre of volatility overnight, with the benchmark 10-year US Treasury yields hitting the highest since 2002 at 5.34% after capping the biggest quarterly rise in 32 years
Rupee sinks to 96.31, logs biggest fall in over 2 months
The Indian rupee has markedly dipped against the US dollar, hitting 96.3150. This decline is attributed to escalating US bond yields, which have exerted pressure on emerging market currencies. Additionally, Indias primary equity indices have encountered their most prolonged downturn in 25 years, signaling a turbulent market climate. In tandem, the dollar index has surged to 101.9, exacerbating the rupee's depreciation and reflecting ongoing currency exchange volatility.
10-year bond yield breaches 7.20%; hits 2.5-year high
India's 10-year benchmark bond yields have surged to 7.21%, reaching their highest point in two and a half years. With oil prices continuing to soar and an anticipated rate hike, analysts predict these yields could escalate to 7.50% if the Reserve Bank of India enacts a 25 basis point increase. A substantial bond issuance is on the horizon, adding complexity to the supply-demand landscape.
Gold slips before US payrolls data, set for second weekly loss
Gold prices are poised for their second consecutive weekly decline, driven by the strengthening US dollar and escalating Treasury yields. Investors are keenly anticipating vital US payroll figures that could sway the Federal Reserve's future policy decisions. Current predictions suggest only a 25% probability of a rate increase this month, which is a shift from previous projections.
Global Markets: Asian shares fall after wild swings in bonds, FX before US jobs data
Asian stock markets dipped as investors navigated through the turbulence of bond and currency fluctuations. Elevated oil prices, driven by military strains in the Gulf region, added to the market's unease. Speculations around high US Treasury yields and fiscal instability in Europe, especially concerning French bonds, also weighed heavily. Furthermore, traders keep a close eye on upcoming US job data that may sway Federal Reserve policy.
Japan government bond yields fall as global markets steady
Japanese government bond yields saw a significant drop on Friday, as the 10-year yield fell to levels not recorded since mid-September. Global bond markets stabilizing and shifts in central bank policies played a key role in this decline. Even though the Bank of Japan raised rates recently, inflation in Tokyo is rising, fueling predictions of additional rate hikes.
US dollar climbs to 17-month high as global bond rout hits euro
The US dollar is experiencing a significant surge, reaching a 17-month peak as global bond yields continue to rise. Investor anxiety over inflation and increased government borrowing is steering market trends. As a result, yields on 10-year US Treasuries have soared to their highest point since 2002. Meanwhile, the euro is under pressure due to concerns regarding France's fiscal health and escalating political uncertainties in Europe.
Stock market holiday today: Are NSE, BSE closed for Gandhi Jayanti? Check 2026 holiday list
Indian stock markets will remain closed on October 2 for Gandhi Jayanti, with trading resuming next week. MCX and NCDEX will also remain shut. The market holiday comes after the Sensex and Nifty extended losses on Thursday, weighed down by rising bond yields, elevated crude prices and broad-based selling pressure.
Stock market holiday: BSE, NSE closed today for Gandhi Jayanti
Both the BSE and NSE will see no trading activity for three consecutive days in October, from Friday, Oct. 2, through Sunday, Oct. 4.
Indian banks faced $500 million FX losses after RBI position curbs
Crisil Coalition Greenwich said banks recovered around $400 million after market spreads widened and positions were normalised following the RBI directive
PFRDA Chairperson S Ramann announced that NPS expects to gain 2-3 crore new subscribers in two years, driven by the new NPS Tatkal facility. Here's how it works, minimum investment required and other details.
Two Anups take the top seats at HDFC Bank, Kotak
Insurers mull seeking mutual fund-style expense limits from IRDAI
The insurance industry is currently discussing a tiered expense structure to replace uniform expense limits set by regulators. Smaller insurers are advocating for higher allowable expenses on initial premium bases to facilitate growth. These discussions follow the regulator's proposal to limit the expenses of management for life and general insurers. Industry executives believe a tiered structure can promote competition among insurers of different sizes.
US stocks: US market rebounds to close higher as surging Treasury yields recede
US stocks recovered from earlier losses, with the S&P 500 bouncing back after a global bond selloff. The Labor Department reported a dip in weekly initial jobless claims, indicating a solid labor market. Oil prices surged, raising inflation concerns as Brent crude settled significantly higher. Technology shares also showed strength, particularly after Accenture's positive revenue forecast.
Gold and silver ETFs reversed their strong August performance in September 2026 as domestic prices declined. How did the two commodity ETFs fare during the month, and which schemes saw relatively smaller declines? Heres what the data shows.
ARCs seek govt help to speed up recovery
Asset reconstruction companies have called for improved government intervention to accelerate debt recovery through DRTs. They proposed changes including automatic lapse of interim stays after two months and better notification processes for creditors. Additionally, they requested timely filling of DRT vacancies and enhanced electronic services for litigation. The Sarfaesi Act has been highlighted as an essential tool for banks in asset recovery.
RBI asks banks to tackle repeat customer complaints, fix gaps in grievance systems
The Reserve Bank of India has asked banks to identify systemic, process and operational gaps behind recurring customer complaints and conduct root-cause analysis to reduce their recurrence. The regulator also called for stronger capacity building and grievance handling. More than 1.33 million complaints were received under the ombudsman scheme in FY25.
Passenger denied boarding over name mismatch; travel firm, airline told to pay 78,920
The consumer commission observed that the failure of the opposite parties to provide the promised refund amounted to deficiency in service and an unfair trade practice
Got a 10,000 bonus and already have 5 mutual funds in your portfolio? Should you spread it across your existing funds or put it in one scheme? Heres what investors should consider.
Experts highlight risks young investors should consider when using AI for investment decisions.
Two brothers jointly own a house, but one later buys the other's share and becomes the sole owner. The former co-owner moves out but continues to use the property's address on Aadhaar and bank records. Does this create any risk for the new owner? Experts explain.
Why are world bond markets selling off again?
As inflation fears and mounting debt pressure rise, government borrowing costs have soared to unprecedented levels. The US Treasury yield, now the highest since 2002, signifies a shift in global market dynamics. These increasing bond yields adversely affect loans for families and businesses, posing challenges for governmental finances. Intervention by central banks could be on the horizon to maintain fiscal order, especially with future artificial intelligence-related bond issues looming.
A Pension Adalat will be held on October 12-13 in Gurugram for pension-related issues of Haryana's retired and serving GPF employees. Officials encourage eligible attendees to bring necessary documents for resolution. Check timings, documents to carry and more.
Large-cap mutual fund or Nifty 50 index? Expert weighs in on where to invest and if SIP is better
Large-cap mutual funds and Nifty 50 index funds both offer ways to gain large-cap exposure. But should investors choose one or hold both? An expert explains how passive and active allocations can fit into a portfolio and what investors should consider.
Global markets rattled as bond yields surge, offsetting AI-stock optimism
Global bond market volatility led to declines in stock indexes, with the S&P 500 on track for consistent losses. Oil prices rose, contributing to persistent inflation, while economic reports indicated US resilience despite challenges. The 10-year Treasury yield hovered near a 2002 high, raising concerns for real-estate stocks. Technology stocks demonstrated some strength, aided by Micron Technologys better-than-expected quarterly profit.
Accenture beats Q4 revenue guidance, projects 3-6% growth for FY27
Fourth-quarter revenue rose 6 per cent to $18.7 billion, beating guidance, while Accenture projected 3-6 per cent growth for FY27, offering some comfort to Indian IT firms
Motown on Fast Lane; PV Sales Jump 21% in September
Domestic passenger vehicle dispatches in India are estimated to have grown by approximately 21 per cent to 4.60 lakh units in September, with major carmakers like Maruti Suzuki, Tata Motors, M and M, and Hyundai all reporting double-digit growth, driven by increased supplies for the upcoming peak festival season and healthy demand.
Indian firms defy market slump with record $25 bn equity fundraise in H1
Not only did equity fundraising jump 75% year-on-year in April-September, according to PRIME Database Group, but average listing gains also jumped to 19% from 7%.
Sebi revamps document verification system to curb fake letters and notices
Recipients can verify the origin of Sebi letters and notices by entering details including the subject, now a mandatory field; the check does not authenticate their contents
The proposed No UPI Day protest on October 2, Gandhi Jayanti, has been called off by AIMRA and AICPDF after their meeting with FM Nirmala Sitharaman. Heres what the proposed 0.4% UPI MDR means, what retailers have sought and what customers should know.
UPI volumes, value fall in September after MDR announcement
The UPI platform processed 24.07 billion transactions in September, down 1.8% from August. The value of transactions fell 1.5% to 29.4 lakh crore, according to data from the National Payments Corporation of India (NPCI), which operates the UPI platform.
Gopchade proposed establishing a dedicated policyholders protection framework, with separate arrangements for life and long-term insurance, as well as general insurance.
Homebuyers in Jaypee Wish Town, Noida, are frustrated over delays in possession of flats, despite occupancy certificates. They cite missing infrastructure and ongoing construction issues linked to Suraksha Group, responsible for completing unfinished projects by Jaypee Infratech Ltd.
Books, coffee and banking: Anup Bagchi the ICICI lifer set to lead HDFC Bank
Anup Bagchi, who has spent 34 years at ICICI Group, will join HDFC Bank as managing director. He has held various leadership roles, overseeing retail and wholesale banking functions. Bagchi's appointment comes after the RBI approved it, succeeding Sashidhar Jagdishan. Known for his informal manner, he led the bank through challenging times like demonetisation.
A commuter said he was stuck for around 40 minutes while travelling from Mayur Vihar Phase-I towards central Delhi during the afternoon. Another took 55 minutes to reach the intersection point of the flyover.
Centre launches auction of two offshore mineral blocks in Andaman Sea
The two blocks Sewell Rise-01 and West Sewell Ridge-01 lie in strategically important offshore areas, together spanning more than 1,632 square kilometres
Indias solar boom faces new US tariff challenge
Adani Group has Rs 2.6 lakh crore projects completed or under execution in Maharashtra: Pranav Adani
Adani Group has projects worth Rs 2.6 lakh crore completed or underway in Maharashtra, with its overall investment blueprint exceeding Rs 6 lakh crore. Investments span energy, aviation, data centres, urban redevelopment and transmission, alongside major Mumbai infrastructure projects.
Large- and small-cap mutual funds are seeing different investor interest, raising questions about how you should allocate across equity and other asset classes. A September report outlines how conservative, moderate, and aggressive investors could structure their portfolios.
Pensions via UPI: PFRDA chief S Ramann bets on NPS Tatkal, targets 3 crore new subscribers
The regulator is looking to expand pension coverage by making it easier for people to open NPS accounts and contribute digitally, particularly through the newly introduced NPS Tatkal facility.
UK bank stocks slide as 30-year borrowing costs hit highest since 1998
NatWest, HSBC, Barclays and Lloyds fell sharply as a government bond sell-off pushed borrowing costs higher across Britain and Europe
This year, October 2 or Gandhi Jayanti, will fall on a Friday, marking the first weekday bank holiday of this month. Check how bank services, UPI, Net banking, ATM services will be impacted.
Nifty's eight-week slide puts 2001 record back in sight as Brent bites
Rising crude prices, firm US yields, global risk aversion weigh on Indian equities
Petroleum ministry to intervene as private refiners cap diesel sales
The Centre will ask private fuel retailers Jio-bp and Nayara Energy to roll back recent diesel sales caps, reiterating that supply limits are not permitted, said petroleum secretary Neeraj Mittal.
Sindhuja raises 100 crore via NCDs; Carlsberg gets Sebi approval for IPO
Sindhuja Microcredit raised 100 crore through NCDs, while Carlsberg India received Sebi's observations for a 6,600 crore IPO involving a stake sale by its parent
Digital personal loans are gaining ground in India, with digital lenders accounting for a large share of loan volumes. A new report examines how borrowing patterns are changing, who is using digital credit and how banks compare as the lending landscape evolves.
September fundraising highest for any month this year amid Nifty's big fall
Nifty falls 3.1% in holiday-shortened week, extending its losing streak to eight weeks as high US yields, rising crude and foreign outflows weigh on equities
Bank account emptied by cyber fraud? Heres what to do immediately and why 'golden hour' matters
A cyber fraud can leave victims worried not just about lost money but also about what happens to their bank account after the incident is reported. Heres what customers need to know about the banks response, account restrictions and chances of recovering the money.
US stocks: US market opens higher as software strength offsets bond-market pressure
On Thursday morning, Wall Street's leading indexes surged right from the start, with software companies driving the market higher.
US stocks: US markets dip as surging Treasury yields overshadow software gains
Wall Street encountered a downturn as escalating Treasury yields affected investor confidence in high-priced stocks. Despite solid performance from the software sector buoyed by favorable earnings, the shadow of rising interest rates looms large. September saw the S&P 500 and Dow post monthly losses, while the Nasdaq thrived on AI optimism.
