U.S. Stocks Slip as Dow Jones Ends Lower on September 2, 2025

NEW YORK, Sept 2 (Reuters) - U.S. equities opened September on a down note, with the Dow Jones Industrial Average sliding amid investor jitters over lofty valuations and central-bank independence.

The Dow fell 524.97 points, or 1.15%, to finish at 45,019.91. The broader S&P 500 dropped 1.2%, while the Nasdaq Composite lost 1.5% as high-flying technology names weighed on market sentiment.

Shares of NVIDIA and Broadcom led declines among the so-called Magnificent Seven, with chips powering the AI revolution coming under profit-taking pressure after multi-month rallies. Rising long-term Treasury yields added to the sell-off, as the 30-year yield climbed to 4.98%, its highest level in over a month, dampening appetite for equities.

Wall Street’s “fear gauge,” the CBOE Volatility Index, jumped 19% on Tuesday as uncertainty returned to markets ahead of September-a month that has historically been challenging for stocks.

Investors are also monitoring tariff policy legal battles and concerns about Federal Reserve independence, after President Trump’s dispute with the central bank intensified debate over future rate decisions. Friday’s split-court ruling that most U.S. tariffs were unlawful-but can remain in place until mid-October-added to the uncertainty.

European bond yields hit multiyear highs and the dollar strengthened, reflecting global fiscal concerns that reverberated across asset classes on Tuesday. Gold touched a new record as investors sought safe havens amid heightened volatility.