The S&P 500 fell 0.47% and Nasdaq 1.25%, with Intel, Micron and AMD among the biggest losers. Consumer sentiment data and earnings from Delta and BlackRock are next.

Japan’s 10-year yield fell to 3.03%, tracking lower US yields after strong demand at a 30-year Treasury auction. August consumer spending declined for a ninth month, while BOJ member Ayano Sato supported gradual hikes. PM Takaichi also proposed food tax cuts without issuing new bonds.

The US 10-year yield eased to 5.23%, pulling further away from 24-year highs after a strong 30-year auction. Lower oil prices following Trump’s comments on productive Iran talks offered relief. Traders price an 82% chance of an October Fed hold, although Governor Waller still sees further hikes as likely.

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