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US Equity Markets End Lower as Crude Oil, Government Bond Yields Rise

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US equity indexes ended lower Wednesday after crude oil climbed and government bond yields rose despite the US Treasury Department's move to triple government debt buybacks to as much as $6 billion.

* Iran is prepared for a more intense phase of the war and will increase counterstrikes if the US attacks on its territory and infrastructure continue, Bloomberg reported, citing a senior official from the Islamic Republic.

* Redbook US same-store sales last week surged 8.3% from a year earlier after a 9.6% increase in the previous week.

* October West Texas Intermediate crude oil rose $3.45 to settle at $96.48 per barrel, while November Brent crude, the global benchmark, was last seen up $3.39 at $101.31.

* Casey's General Stores (CASY) shares fell 14%, the steepest drop on the S&P 500, after fiscal Q1 same-store sales growth slowed and missed Wall Street estimates, even though earnings and revenue topped expectations.

* Meta Platforms (META) shares rose 6.6%, the second-biggest gain on the S&P, after the company launched a new personal AI agent called Muse AI, which can send emails, book travel plans, and continue working after users close the app.

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

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.

Dow JonesNasdaq CompositeS&P 500$AMGN$INTC
Japan

Update: US Equity Indexes Retreat as Houthi Strikes on Saudi Arabian Energy Facilities Lift Crude Oil, Treasury Yields

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes slid as Iran-backed Houthi attacks on Saudi Arabian energy sites pushed crude oil and government bond yields in the United States higher.The Dow Jones Industrial Average dropped 1.1% to 52,853.3, the Nasdaq Composite declined 0.3% to 26,434.4, and the S&P 500 retreated 0.5% to 7,684.5 ahead of Tuesday's close. Energy, utilities and real estate were the trio of gainers. Healthcare and financials led decliners.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, a Middle Eastern broadcaster, reported.This comes as Yemen's Tehran-backed 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. Saudi Arabia said the attacks stopped operations at several energy facilities in the kingdom's south, Bloomberg reported, while noting a pick-up in buying by China, the world's largest importer.The front-month US West Texas Intermediate crude oil contract jumped 2.3% to $93.62 per barrel, and global benchmark North Sea Brent advanced 1.6% to $98.54 per barrel.US Treasury yields rose, with the two-year up 1.7 basis points to 4.40% and the 10-year higher by 1.4 basis points to 4.80%.In company news, Novartis (NVS) sank nearly 14% after the company said its phase 3 Harbor study evaluating delpacibart etedesiran in patients with myotonic dystrophy type 1 failed to meet its primary endpoint of video hand opening time. 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 report. Shares slumped more than 10%, the worst performer on the S&P 500, the Nasdaq, and the Dow.

Dow JonesNasdaq CompositeS&P 500$AMGN$NVS
Japan

Update: US Equity Indexes Fall as Crude Oil Advances Following Attacks on Saudi Arabian Energy Sites

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes fell as crude oil jumped after an Iran-backed militia group hit energy sites in Saudi Arabia, one of the world's largest oil exporters.The Nasdaq Composite declined 0.2% to 26,472.3, the S&P 500 retreated 0.3% to 7,693.4, and the Dow Jones Industrial Average dropped 1% to 52,865.6 after midday Tuesday.Energy and utilities topped gainers intraday, while healthcare, financials and consumer staples led decliners.Yemen's Tehran-backed 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. Saudi Arabia said the attacks stopped operations at several energy facilities in the kingdom's south, Bloomberg reported while noting a pick-up in buying by China, the world's largest importer.The front-month US West Texas Intermediate crude oil contract climbed 1.7% to $93.07 per barrel, and global benchmark North Sea Brent advanced 1% to $97.99 per barrel.Gold futures fell 0.8% to $4,439.9, and silver futures declined 1.5% to $66.65.

Dow JonesNasdaq CompositeS&P 500