What Happened Today, Monday September 28, 2026, 5:00 PM ET close
Stocks Fall on Monday as Higher Oil Prices and Treasury Yields Weigh
Oil, yields and Iran headlines kept buyers cautious, with tech leading the pullback.
ES and NQ at the close
NQ, Nasdaq 100 futures
30,556.75
-1.08% on the day
Day range 30,356.75 to 30,920.75
ES, S&P 500 futures
7,746.25
-0.74% on the day
Day range 7,726.00 to 7,803.00
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The story
US stocks finished lower on Monday as higher oil prices and rising Treasury yields weighed on sentiment. The Nasdaq 100 futures gauge fell about 1.08%, while the S&P 500 futures gauge slipped about 0.74%, so technology-heavy names took the bigger hit. Headlines about the US and Iran kept investors cautious, with President Trump saying the US would win the conflict very soon and officials saying separate talks with mediators could take place Monday or Tuesday. Higher energy costs and higher yields both make investors more careful about paying up for stocks, and that showed in the day's trading.
The MAG7 and the megacaps
The biggest technology and growth companies tend to move the most when Treasury yields rise, and the Nasdaq 100's 1.08% decline suggests that pressure was felt today. We do not have individual stock moves in today's data, so check the closing prices of the largest names before drawing conclusions about any single company.
After the bell
Higher oil prices
Reuters reported that stocks fell as higher oil prices weighed on the market. Costlier energy can raise costs for businesses and consumers, which can squeeze profits and spending.
Rising Treasury yields
Higher Treasury yields also pressured stocks. When safe government bonds pay more, stocks look less attractive, especially growth and technology companies.
US and Iran developments
President Trump said the US will win the Iran war very soon, while officials said separate talks with mediators may happen Monday or Tuesday. Investors are watching for any sign of escalation or easing.
Sanctions waiver and stablecoin report
The US is set to grant a sanctions waiver for flights between Iran and Iraq's Najaf, per a source. Separately, a Senate report said Tether USDT aided Iran funding, keeping crypto regulation in focus.
Crypto
Bitcoin also traded lower, closing near $83,424 for a decline of about 1.22%. It ranged between roughly $82,581 and $84,846 during the session. A separate headline noted a Senate report saying the Tether USDT stablecoin has aided Iran funding, which adds to regulatory attention on the crypto sector.
Into the night
Overnight and early-session attention centered on the Middle East. Reports said the US plans to grant a sanctions waiver for flights between Iran and Iraq's Najaf, and that the US and Iran could hold separate talks with mediators as soon as Monday or Tuesday. Nasdaq 100 futures traded between about 30,357 and 30,921, and S&P 500 futures between about 7,726 and 7,803.
What is coming next
S&P 500 futures
7,726 to 7,803
Monday's trading range, a key area to watch for support and resistance.
Nasdaq 100 futures
30,357 to 30,921
Monday's range, with the low as the first level tech bulls need to hold.
Oil and yields
Direction
Further gains in either could keep pressure on stocks.
US and Iran talks
Mon or Tue
Mediated talks could shift sentiment quickly in either direction.
Tuesday's trading will likely depend on whether oil prices and Treasury yields keep rising and on any news from the US and Iran talks. If both cool off, stocks could stabilize. If they climb further, the pullback could extend. This is educational information, not financial advice.
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Educational market recap, not financial advice. Futures and options trading carry substantial risk of loss. Prices reflect the 2026-09-28 session close; charts are live and interactive. Always verify before acting.