Stocks drift lower as long-term Treasury yields tick up to 24-year high

Stocks slipped in a quiet session on September 29 as long-dated Treasury yields moved higher. The S&P 500 gave up 0.2% to close at 7,670.84, and the 10-year yield rose to 5.25%, the highest level in 24 years according to the wire report. Small caps lagged, with the Russell 2000 down 0.4%.

• S&P 500 down 12.85 points (-0.2%) to 7,670.84
• Dow Jones down 131.59 points (-0.3%) to 51,349.92
• Nasdaq Composite down 22.84 points (-0.1%) to 26,797.54
• Russell 2000 down 9.99 points (-0.4%) to 2,807.92
• 10-year Treasury yield at 5.25%