US Equity Indexes Fall Amid Gains in Treasury Yields, Dollar

04:51 PM EDT, 08/25/2025 (MT Newswires) -- US equity indexes fell as the Nasdaq Composite gave up intraday gains at the close on Monday amid a move higher in government bond yields and the dollar.

The Dow Jones Industrial Average fell 0.8% to 45,282.47 after hitting a record high on Friday, and the S&P 500 declined 0.4% to 6,439.32. The Nasdaq Composite retreated 0.2% to 21,449.29, giving up intraday gains. All sectors, except communication services and energy, ended lower, paced by consumer staples and healthcare.

Treasury yields rebounded from the drop on Friday, with the 10-year yield rising 2.3 basis points to 4.28% and the two-year rate up by four basis points to 3.73%, as the impact of Federal Reserve Chair Jerome Powell's dovish pivot on Friday waned.

The ICE US Dollar Index jumped 0.7% to 98.43.

Index heavyweight Nvidia (NVDA) is likely to report record Q2 results amid robust demand for data center processors and its Blackwell generative artificial intelligence system, Tigress Financial Intelligence said in a note. Shares of the graphics processing unit manufacturer were up 1%, among the top gainers on the Dow and the Nasdaq.

Wall Street is gearing up for what Tigress described as the most closely watched quarterly earnings of the season, due out after the market closes on Wednesday. Shares of Nvidia (NVDA), which last month became the first public company in the world to reach $4 trillion in market capitalization, have surged 35% so far this year.

Berkshire Hathaway (BRK/A) (BRK.A, BRK.B) is not in the market to buy another railroad, but Chairman Warren Buffett and Vice Chairman Greg Abel met with CSX (CSX) Chief Executive Joseph Hinrichs on Aug. 3 to discuss greater cooperation, CNBC reported Monday, citing comments from Buffett. Shares of CSX fell 5.1%, among the laggards on the S&P 500 and the Nasdaq.

Keurig Dr Pepper (KDP) agreed to acquire JDE Peet's for 15.7 billion euros ($18.37 billion) in cash, the companies announced. Shares of Keurig slumped more than 11%, the worst performer on the S&P 500 and the Nasdaq.

In economic news, single-family home sales slid 0.6% sequentially to a seasonally adjusted annual rate of 652,000 units in July, according to the Census Bureau and the Department of Housing and Urban Development. The Bloomberg-polled consensus was for a 0.5% gain versus June's unrevised figure.

The Dallas Federal Reserve's monthly manufacturing index fell to a reading of minus 1.8 in August from 0.9 in July, compared with expectations for a smaller drop to a reading of minus 1.7 in a survey compiled by Bloomberg.

West Texas Intermediate crude oil futures surged 1.7% to $64.73 a barrel, climbing for a fourth session in the final week of the US driving season.

Silver futures dropped 1.3% to $38.54, and gold futures declined 0.2% to $3,410.7.

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