Market Open: Stocks Fall, Yields and Oil Rise, SpaceX Launches Starship 14 • 9/28/26

0:01See NBC Business News update market open. I'm Jessica Ettinger. Wall Street in the red out of the gate to start this new week of trading. Oil is higher. Bond yields are higher. In fact, the yield on the 10-year Treasury solidly over 5.2 percent. Checking the major averages, the Dow down 351 points. It's being led lower by shares of Salesforce down 4.6 percent. Boeing shares down almost four and a half percent this morning. The S &P 500 index down 42 points. That's a half percent. The Nasdaq falling 154 points. That's a half a percent. Many of the chipmaker names are in the red. The Terra trade may be on today.

0:42There are reasonable alternatives for stock investors as bonds are paying more with less risk. We continue to watch Treasury yields, which are climbing once again this morning. Big week last week for Treasury yields ended a little more calmly on Friday. But this morning, the 10-year is back at 520. The 30-year is at 552. And the 2-year is at 4.9%. That's CNBC's Becky Quick. NVIDIA announcing it's increasing its stock buyback program by$150 billion. Fewer shares available can help make shares that are out there more valuable. Watch Boeing shares today. mentioned they're down more than 4 % out of the gate.

1:20The company discovered a problem with new 737 MAX jets. Here's CNBC's Andrew Ross Sorkin. Boeing has now identified a 737 MAX software glitch that could cause an automated navigations feature to fail during a specific landing scenario. A company confirming to the Wall Street Journal a report that said that pilots may have to fly manually without some autopilot functions when they alter their planned flight path after a missed approach. Boeing notified airlines of that glitch in August. Southwest and United both being told that Boeing that they don't want to take delivery of the new planes equipped with the flawed software.

1:55Instead, they're requesting an earlier version of the software. If Boeing can fix that glitch quickly, the impact will be limited. Boeing saying that no major U.S. airlines have max models with the updated software in question. NVIDIA CEO Jensen Wong telling CNBC The company is releasing a software platform to stop AI agents from misbehaving, calling rogue AI agent break-ins and hacks a solvable problem. SpaceX launching its most powerful rocket ever, Flight 14 from Texas this morning. It's an historic test flight, and the rocket's goal is to deploy 26 new Starlink satellites. Treasury Secretary Scott Besant has hired Wall Street economist David Zervos, who spent more than 15 years at Jeffries covering Fed policy and financial markets.

2:46The hire does not require Senate confirmation. It comes as Treasury is managing rising bond yields, AI-related capital spending, and ongoing economic policy debates. Oil prices jumped today as President Trump rejected an Iranian proposal to reopen the Strait of Hormuz. U.S. crude back over$95 a barrel. The world's benchmark Brent crude now over$107 a barrel. Drivers in the U.S. paying an average$4.48 a gallon for regular, according to AAA today. Diesel, about six cents lower than its all-time high from earlier this month. 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.

3:32She 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. Jessica Edinger, CNBC. Hey, Fidelity. Can I get a second opinion on stocks in the Fidelity app?

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