Market Midday: Stocks Fall, 10-Year Yield at 5.25%, Successful SpaceX Launch • 9/28/26

0:01See NBC Business News Update Market Midday. I'm Jessica Ettinger. Wall Street's in the red this afternoon. Oil's higher. Bond yields are higher. The Dow is down 277 points, a half a percent. Boeing shares leading it lower. They're down 5 percent this afternoon. The S &P 500 index down 47 points. That's a half percent. The Nasdaq down 193. That's seven-tenths of one percent. The yield on the 10-year treasury hovering around 5.25%. The Terra trade may be on today. There are reasonable alternatives for stock investors as bonds are paying more with less risk. SpaceX with a successful Flight 14 launch from Texas.

0:45An historic test flight of its massive Starship rocket. It's orbiting the Earth for the first time, deploying 26 of its newest Starlink satellites. The booster came back into the Gulf. Here's what it sounded like at SpaceX. There's views from the booster. Down to five.

1:12That looks like a pretty soft splashdown. Don't know if you guys can all hear. I've been going crazy behind us. Oil prices jumping today. President Trump rejecting an Iranian proposal to reopen the Strait of Hormuz. U.S. crude back over$95 a barrel this afternoon. The world's benchmark Brent crude back over$107 a barrel this afternoon. Here's CNBC's Eamon Javers. President Trump told Axios last night that he expects more talks with Iran this week after he rejected an Iranian peace offering over the weekend. The president said the Iranians want to make a deal, But he said, it's not the deal that I want to make.

1:55It is what we would have agreed to maybe a year ago. They overplayed their hand, the president said. American drivers feeling pain at the pump with the average for a gallon of regular in the U.S., according to AAA, at$4.48. Diesel today is about six cents a gallon lower than its all-time high from earlier this month. Democrats hammering an affordability message ahead of the midterms. five weeks from tomorrow. Donald Trump and Republicans promised to lower the high cost of living on day one. That's what they said. Of course, costs haven't gone down. Costs have gone up. So we're committed to driving down the high cost of groceries, driving down the high cost of gas, driving down the high cost of housing, and also fighting to make health care affordable for every single American.

2:43House Minority Leader Hakeem Jeffries on CNBC. Boeing shares are lower, as we mentioned. The company discovered a problem with software in 737 MAX jets, none of them flying in the U.S. Taylor Swift became the most awarded artist in MTV Video Music Award history last night, took the top prize, Video of the Year, for the fate of Ophelia. She dedicated the award to the late Dolly Parton. A seven-year-old movie was number one at the weekend box office, a re-release of Disney Marvel's Avengers Endgame with extra footage. Designed to amp audiences up for the new one, Avengers Doomsday, coming in December.

3:23Jessica Edinger, CNBC. Hey, Fidelity. Can I get a second opinion on stocks in the Fidelity app?

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