{"id":30132,"date":"2025-09-03T12:25:45","date_gmt":"2025-09-03T12:25:45","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=30132"},"modified":"2025-09-03T12:25:45","modified_gmt":"2025-09-03T12:25:45","slug":"dow-slips-as-september-risks-loom","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/dow-slips-as-september-risks-loom\/","title":{"rendered":"Dow Slips as September Risks Loom"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/indices10-1024x559.png\" alt=\"\" class=\"wp-image-16994\" \/><\/figure>\n\n\n\n<p><strong>Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Dow Jones fell <strong>249 points (-0.5%)<\/strong> to <strong>45,315<\/strong>, S&amp;P 500 lost <strong>0.7%<\/strong>, Nasdaq tumbled <strong>0.8%<\/strong>.<\/li>\n\n\n\n<li>U.S. 10-year Treasury yield rose to <strong>4.28%<\/strong>, 30-year briefly hit <strong>5%<\/strong> before easing to <strong>4.97%<\/strong>.<\/li>\n\n\n\n<li>UK 30-year yields surged to 1998 highs, sending sterling down <strong>1.3%<\/strong>.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>The Dow Jones Industrial Average opened September on the back foot, losing <strong>249 points (-0.5%)<\/strong> as bond markets stole the spotlight. The S&amp;P 500 shed <strong>0.7%<\/strong> while the Nasdaq Composite led declines with a <strong>0.8%<\/strong> fall, trimming earlier losses of nearly 2%.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">US stocks sank on Tuesday to start what is historically the worst trading month of the year <a href=\"https:\/\/t.co\/4ytXY1URFJ\">https:\/\/t.co\/4ytXY1URFJ<\/a><\/p>&mdash; Yahoo Finance (@YahooFinance) <a href=\"https:\/\/twitter.com\/YahooFinance\/status\/1962879112650883098?ref_src=twsrc%5Etfw\">September 2, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Yields across U.S. Treasuries climbed to multi-year highs, with the <strong>2-year at 3.66%<\/strong>, the <strong>10-year at 4.28%<\/strong>, and the <strong><a href=\"https:\/\/t.co\/IhtzTSyvOO\" target=\"_blank\" rel=\"noopener\" title=\"\">30-year spiking to 5%<\/a><\/strong> before easing back to <strong>4.97%<\/strong>. Traders showed little appetite to absorb government debt, forcing borrowing costs higher and unsettling equities.<\/p>\n\n\n\n<p>The shock began in Europe, where long-dated UK, German, and French bond yields surged to decade-plus highs.<\/p>\n\n\n\n<p>Britain\u2019s <strong>30-year gilt yield <a href=\"https:\/\/x.com\/business\/status\/1962777738382631210\" target=\"_blank\" rel=\"noopener\" title=\"\">jumped to levels last seen in 1998<\/a><\/strong>, triggering a <strong>1.3% slide in sterling<\/strong> as investors fretted over fiscal credibility. Rising borrowing costs across developed economies have stoked concern that tighter financial conditions could sap global growth into Q4.<\/p>\n\n\n\n<p>Seasonality is also on traders\u2019 minds. UBS estimates the S&amp;P 500 has averaged a <strong>2% decline every September<\/strong> over the past decade, fuelling caution that this month may again deliver turbulence despite futures pointing higher on Wednesday.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>The Dow Jones Industrial Average (DJ30) has staged a strong recovery from April\u2019s low near 36,589, pushing steadily higher to trade around 45,315.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/1_image-2-1024x450.jpg\" alt=\"\" class=\"wp-image-30133\" \/><\/figure>\n\n\n\n<p>The index is sitting just below resistance at 45,785, where it has previously struggled to break through. The moving averages (5, 10, 30) remain aligned in a bullish structure, showing that the broader trend is still supportive.<\/p>\n\n\n\n<p>However, the MACD is flattening out, with momentum appearing to cool after months of gains.<\/p>\n\n\n\n<p>If the index can clear the 45,800 level decisively, it could open the door for a move toward 46,500. On the downside, first support lies around 44,500, followed by a stronger floor near 43,500.<\/p>\n\n\n\n<p>While the long-term bias stays bullish, the current setup suggests consolidation or a minor pullback could occur before the next major leg higher.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Cautious Forecast<\/h2>\n\n\n\n<p>If yields extend their climb, equities could retest support zones, especially with September\u2019s seasonal weakness in play.<\/p>\n\n\n\n<p>A resilient <a href=\"https:\/\/www.bls.gov\/news.release\/empsit.nr0.htm\" target=\"_blank\" rel=\"noopener\" title=\"\">nonfarm payrolls report<\/a> may stabilise sentiment, but any downside surprise risks triggering deeper equity corrections as investors reassess the Fed\u2019s path.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Create your live VT Markets account<\/a> and <a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*5vyjdn*_gcl_au*Njc1MzM0NjY0LjE3NTEzNTM4MTc.*_ga*MjA5ODA0NDIzNC4xNzI3OTE1ODQ1*_ga_J26NL1ZVX7*czE3NTE4NzkxMDYkbzMwOCRnMSR0MTc1MTg3OTExOCRqNDgkbDAkaDA.*_ga_6XQ8153GYW*czE3NTE4NzkxMDgkbzU3JGcxJHQxNzUxODc5MTE4JGo1MCRsMCRoMA..*_ga_BG6LYEHPX1*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMTgkajUwJGwwJGgw*_ga_J8BRGZSREX*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_7CG6454YR5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_69Z54R4H9N*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_CY2VCKFC3C*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_TXZ07R2C21*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_17TMGY9BBE*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_MWDVVSEVL5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_2QCC3S2748*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_E7D2PCX624*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_XJ4037XKK6*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_EJCVQDC7VT*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjYkajQyJGwwJGgw\" target=\"_blank\" rel=\"noopener\" title=\"\">start trading<\/a> now.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stocks slid on Tuesday with the Dow down 249 points as rising bond yields rattled markets, setting up a tense week ahead of Friday\u2019s jobs data. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":16994,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[11],"class_list":["post-30132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-indices"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/30132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=30132"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/30132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/16994"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=30132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=30132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=30132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}