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Stocks fall as Treasury yields hit new highs: stock market today. Karee Venema When you buy through links on our articles, Future and its syndication partners may earn a commission. Stocks opened lower Wednesday as the long-term Treasury yields hit their highest levels in 24 years. A successful auction of 10-year notes helped yields ease back from their intraday highs, but it wasn't enough to send the main equity benchmarks into positive territory. The 10-year Treasury yield fell slightly after this afternoon's bond action, but still closed up 1.5 basis points at 5.286%. The yield on the 30-year Treasury also pulled back from its early morning peak, but gained 3.0 basis points to 5.671%. As for stocks, the blue-chip Dow Jones Industrial Average fell 0.7% to 51,179, the broader S&P 500 shed 0.2% to 7,801, and the tech-heavy Nasdaq Composite gave back 0.2% to 27,538. Rising Treasury yields were in focus at the Federal Reserve's September meeting. "Changes in inflation compensation accounted for most of the net increase in shorter-maturity Treasury yields, while changes in real rates contributed to most of the net increase in longer-maturity Treasury yields," stated the minutes from the most recent Fed meeting, where the central bank raised interest rates for the first time since 2023. Still, most committee members believe that financial conditions remain "supportive of economic growth." The minutes also revealed that "most participants assessed that another increase in the target range for the federal funds rate would likely be appropriate by year end." The odds for an October rate hike have dropped over the past month thanks to encouraging inflation data and a weak September jobs report. According to CME Group FedWatch, futures traders are pricing in an 83% chance the Fed will keep the fed funds rate unchanged when it meets later this month - up from 54% a month ago. However, the probability of a December rate hike has jumped to 69% from 36%. Webull sinks 19% on China risk. In single-stock news, Webull (BULL) sank 19.1% after a congressional committee flagged the online trading platform as a national security risk. A report compiled by the House Select Committee on China said Webull is "tied in structural ways to the People's Republic of China," and that there is "a profound gap" in how the company markets itself as "an American company" and how it is controlled.

Webull shares plunged 22% in premarket trading after a bipartisan House Select Committee on China report found a "profound gap" between the brokerage's American marketing and its actual control structure. The committee said Webull's ownership, technical workforce, technology infrastructure, and data routing are structurally tied to China. The report noted Webull holds $24.6 billion in customer assets and uses a mainland China subsidiary for technology development. Concerns escalated after Webull began carrying customer cash directly in October 2025. About 90% of Webull's $571 million in 2025 revenue came from US customers, putting nearly its entire business within reach of US regulators. Webull's forward P/E dropped to around 18x, well below its one-year average of 43.3x. Webull did not immediately respond to requests for comment.

BREAKING: Block & Leviton investigates Webull (BULL) following report on China ties; investors with losses should contact the firm. BOSTON, Oct. 07, 2026 (GLOBE NEWSWIRE) - Block & Leviton is investigating Webull (Nasdaq: BULL) for potential securities law violations. Investors who have lost money in their Webull investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/bull. What is this all about? Block & Leviton is investigating whether Webull may have misled investors about the extent of its operations and ties in mainland China. Webull markets itself as a St. Petersburg, Florida-based brokerage. On October 7, 2026, however, the House Select Committee on China released a bipartisan report finding that the company's ownership, technical workforce, infrastructure, cross-border data routing, financing and compliance frameworks are tied "in structural ways" to the Chinese government. The report also found that a mainland Chinese subsidiary employs about 62% of Webull's global workforce, and that the company had initially told the committee it had no offices or employees in China. Following the report, Webull's stock fell about 26% in early trading that day, to roughly $5.28 per share. Who is eligible? Anyone who purchased Webull common stock and has seen their shares fall may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more. What is Block & Leviton doing? Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money. What should you do next? If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at [email protected], or by phone at (888) 256-2510. Whistleblower? If you have non-public information about Webull, you should consider assisting in our investigation or working with our attorneys to file a report with the Securities Exchange Commission under their whistleblower program. Whistleblowers who provide original information to the SEC may receive rewards of up to 30% of any successful recovery. For more information, contact Block & Leviton at [email protected] or by phone at (888) 256-2510. Why should you contact Block & Leviton? Block & Leviton is widely regarded as one of the leading securities class action firms in the country. Our attorneys have recovered billions of dollars for defrauded investors and are dedicated to obtaining significant recoveries on behalf of our clients through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, call (888) 256-2510 or email [email protected] with any questions. This notice may constitute attorney advertising.