Stock Market Midday, Sept. 29: Stocks Edge Lower Despite $2 Trillion Anthropic Valuation

As of 11:42 AM ET, the S&P 500 (SNPINDEX:^GSPC) is down 0.25% to 7,665, the Nasdaq Composite (NASDAQINDEX:^IXIC) has slipped 0.10% to 26,793, and the Dow Jones Industrial Average (DJINDICES:^DJI) is trading 0.54% lower to 51,205 as persistent yield pressure offsets optimism surrounding new artificial intelligence dealmaking. Gold is up 1.00% to $4,156.56, and the 10-Year Treasury yield is rising 4 basis points to 5.28%. Utilities is leading the session as the top-gaining sector, while financial services and healthcare decline. Today's biggest moves Cboe Global Markets is surging as trading volumes remain elevated on news that it extended its exclusive licensing agreement with S&P Dow Jones.