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US Equity Markets End Lower After Houthi Attack on Saudi Arabia Energy Facilities

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US equity indexes ended lower Tuesday after an Iran-backed militia group attacked Saudi Arabian energy sites, pushing crude oil and government bond yields higher.

* Yemen's Houthis attacked energy facilities and cities in US ally Saudi Arabia on Tuesday, wounding more than 70 people and underscoring the risk of the Iran conflict escalating into a wider regional war, Reuters reported.

* Iran's Fars news agency reported an explosion in the southern Jask area of the Islamic Republic, after reports of earlier explosions heard on the country's Kharg Island, Al Jazeera reported.

* October West Texas Intermediate crude oil rose $2.19 to settle at $93.67 per barrel, while November Brent crude, the global benchmark, was last seen up $1.77 at $98.77.

* Intel (INTC) is expected to raise personal computer central processing unit prices by another 10% in early October, Digitimes reported, citing supply chain sources. Intel shares jumped 9%, among the top gainers on the S&P 500 and Nasdaq.

* Amgen's (AMGN) experimental heart drug olpasiran may still show a meaningful reduction in major cardiovascular events, even after Novartis' competing drug failed in a large study, UBS Securities said Monday in a note. Earlier, Novartis (NVS) shares sank nearly 14% after the phase 3 Harbor study failed to meet its phase 3 primary endpoint of video hand opening time. Amgen shares were down about 10%, the worst performer on the Nasdaq and the Dow.

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US Equity Markets End Lower as Expectations Rise for Fed Rate Hike Amid Hot Jobs Data

US equity indexes ended lower Friday after expectations of an interest rate hike increased following an unexpected increase in non-farm payrolls.* Total nonfarm payrolls rose by 162,000 last month, the Bureau of Labor Statistics said Friday, compared with a 55,000 increase projected in a Bloomberg-compiled survey.* The probability of the Fed raising its target rate by 25 basis points to 3.75% to 4.0% in September rose to 58% from 49% a day ago, according to the CME FedWatch tool.* October West Texas Intermediate crude oil rose $0.57 to settle at $91.58 per barrel, while November Brent crude, the global benchmark, was last seen up $0.07 at $95.70.* American Outdoor Brands (AOUT) shares were up roughly 45% after the company swung to a profit and posted higher revenue for fiscal Q1 late Thursday.* Lululemon Athletica (LULU) shares were down nearly 17%, the worst performer on the S&P 500, after the athletic apparel retailer lowered its full-year outlook amid challenging market dynamics and continued pressure on the brand.

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Update: US Equity Indexes Decline as September Rate-Increase Bets Jump Following Robust Jobs Report

(Updates with index/price moves from the first paragraph.)US equity indexes fell as market expectations of an interest rate increase as early as this month jumped after the economy added almost triple the jobs expected in August.The Nasdaq Composite declined 0.3% to 26,501.9, the S&P 500 retreated 0.4% to 7,716.9, and the Dow Jones Industrial Average declined 0.5% to 53,435.8 ahead of Friday's close. All sectors except industrials and technology fell. Consumer discretionary, communication services and healthcare led decliners.Total nonfarm payrolls rose by 162,000 last month, the Bureau of Labor Statistics said Friday, compared with a 55,000 increase projected in a Bloomberg-compiled survey. July's tally was revised to show a gain of 21,000 from a 23,000 fall, while June's increase was adjusted upward by 11,000."This is the strongest pace of job expansion in five months, punctuated by also being three times greater than expected and the positive upward revisions to prior months," said Thomas Feltmate, senior economist at TD Economics. "On balance, we like the breadth and depth of this jobs report. Markets have taken note too."The probability of the Federal Reserve raising its target rate by 25 basis points to 3.75%-4.0% in September jumped to 58% after midday from 49% a day ago, according to the CME FedWatch tool. The remaining likelihood is that policy will remain on hold.President Donald Trump called on the Fed to lower interest rates, saying the US economy is a stronger credit than it was previously. In a post on Truth Social, Trump said job growth exceeded estimates and argued that a "strong country means a lower interest rate." Trump urged the Fed to adopt the world's "lowest rate," warning he could halt trade with countries with which the US maintains trade deficits.Most US Treasury yields rose, with the two-year up 4.5 basis points to 4.38%. The 10-year yield advanced 2.2 basis points to 4.78% in the final leg of trading.

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Update: US Equity Indexes Fall as Robust Jobs Report Lifts Odds of September Fed Rate Increase

(Updates with index/price moves, macroeconomic data and company news from the first paragraph.)US equity indexes fell after the economy added almost triple the jobs expected in August, boosting bets favoring an interest rate increase as early as this month.The Nasdaq Composite declined 0.2% to 26,540.1, the S&P 500 retreated 0.3% to 7,726.2, and the Dow Jones Industrial Average declined 0.5% to 53,421.3 after midday Friday.Total nonfarm payrolls rose by 162,000 last month, the Bureau of Labor Statistics said Friday, compared with a 55,000 increase projected in a Bloomberg-compiled survey. July's tally was revised to show a gain of 21,000 from a 23,000 fall, while June's increase was adjusted upward by 11,000.The probability of the Fed raising its target rate by 25 basis points to 3.75%-4.0% in September jumped to 60% after midday from 49% a day ago, according to the CME FedWatch tool. The remaining likelihood is that policy will remain on hold.President Donald Trump called on the Federal Reserve to lower interest rates, saying the US economy is a stronger credit than it was previously. In a post on Truth Social, Trump said job growth exceeded estimates and argued that a "strong country means a lower interest rate."In company news, Lululemon Athletica (LULU) reported softer-than-planned fiscal Q2 results and lowered its fiscal 2026 guidance again, prompting a cautious stance on the stock, as the delayed start of incoming CEO Heidi O'Neill leaves the company a "rudderless ship" and risks further competitive disintermediation amid deteriorating macro conditions, Oppenheimer said Friday. Shares sank 18%, the worst performer on the S&P 500.

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