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1,480 stories mentioning Dow Jones Industrial AverageUpdated 24m ago

Climbed to a record close, settling near 51,670, after a US-Iran framework to reopen the Strait of Hormuz sent oil prices tumbling.

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Asia Markets

Update: US Equity Indexes Fall, Treasury Yields Jump as Fed Raises Interest Rates for First Time in Over Three Years

(Updates with index/price moves, Fed policy statements, and geopolitical news from the first paragraph.)US equity indexes fell after the Federal Reserve unanimously raised interest rates for the first time in more than three years and forecast another move up of the same magnitude this year, sending government bond yields higher.The Dow Jones Industrial Average dropped 1.2% to 51,461.90, the S&P 500 declined 0.5% to 7,551.81, and the Nasdaq Composite slipped less than 0.1% to 25,978.43 on Wednesday. Energy and financials led decliners, with all but three sectors in the red.The Federal Open Market Committee raised the target range for federal funds to 3.75% to 4.00% following a 12-0 vote. This marks the first rate increase since 2023, according to Stifel Securities.Median expectations in the Summary of Economic Projections now show a further rate increase this year, as the median outlook was adjusted to 4.1% from 3.8% in the earlier June update. The SEP indicated an upward revision to inflation forecasts for 2026, with the personal consumption expenditures, or PCE, price index unlikely to fall to the Fed's 2% goal until 2029."After more than five years of significantly elevated inflation, a period which included a rate-cutting cycle, the new Warsh Fed appears to be taking a step in the right direction to combat dangerously high price pressures," Lindsey Piegza, chief economist at Stifel, said in the note. "Furthermore, with the latest SEP signaling the majority of Fed officials support some further policy firming by year-end, the Committee appears sincere in its commitment to restore price stability."Meanwhile, retail sales grew 1.2% in August following a 0.5% decline in July, the Census Bureau said. The consensus was 0.8% in a Bloomberg-compiled survey. Sales at gasoline stations jumped 3.1% after falling 0.2% the month before, while motor vehicle and parts dealers' receipts rose 0.6% following a 1.8% drop."Retail sales roared back to life in August following a disappointing performance in July," Ksenia Bushmeneva, economist at TD Economics, said in a report. "Stronger results in the volatile auto and gasoline categories, along with a rebound in online sales, played a role but were not the whole story, given the broad-based gains in core sales."US Treasury yields advanced after the Fed policy decision, turning the corner from earlier in the day. The 10-year yield climbed 2.4 basis points to 5.02%, its highest since 2007. The two-year yield soared 7.1 basis points to 4.73%, the strongest level in about three years.Oil prices fell after reports that Saudi Arabia was offering additional crude cargoes through Oman eased some concerns about Middle East supply disruptions, according to Reuters. Saudi Arabia is facilitating crude oil loadings to Asian refiners via ship-to-ship transfers off Oman's Sohar port, people familiar with the matter told Reuters.Excluding inventories in the Strategic Petroleum Reserve, US commercial crude oil stocks fell by 600,000 barrels after a 400,000-barrel decline in the previous week, versus the 1.5-million-barrel drop expected in a survey compiled by Bloomberg.The front-month US West Texas Intermediate crude oil contract sank 3.6% to $101.99 per barrel, and the global benchmark North Sea Brent slid 3.1 to $105.39 per barrel.Gold futures fell 0.7% to $4,303.6, and silver futures rose 0.6% to $66.46.J.B. Hunt Transport Services (JBHT) expects earnings from Q2 to Q3 to fall 5% to 10%, Chief Financial Officer Brad Delco said Tuesday on a conference call. The company faced "one of the most acute changes in the cost of purchased transportation," with intra-quarter spot rates rising 30%, Delco said. Shares sank 13%, among the worst performers in the S&P 500.

Dow JonesNasdaq CompositeS&P 500$JBHT
Update: Wall Street Extends Losses Following Fed Hike
US Markets

Update: Wall Street Extends Losses Following Fed Hike

(Updates with market moves at the end of the day, and other changes, if any.)US stocks fell for a third straight session on Wednesday after the Federal Reserve delivered its first interest rate increase since 2023 and signaled another hike later this year amid elevated inflation.The Dow Jones Industrial Average shed 1.2% to close at 51,461.90, while the S&P 500 dipped 0.5% to 7,551.81. The Nasdaq Composite settled just below the flatline at 25,978.42. Most sectors ended in the red, led by energy.In a unanimous vote, the central bank's Federal Open Market Committee lifted the federal funds rate to a range of 3.75% to 4%. The Fed's latest Summary of Economic Projections document showed the median policy rate at 4.1% at the end of 2026, up from 3.8% projected in June."Inflation remains elevated," the FOMC said in a statement. "Today's policy action will support a timelier return to the committee's 2% (inflation) goal."Policymakers raised their 2026 projections for personal consumption expenditure headline and core inflation, but left forecasts for 2027 unchanged."The plain fact is that inflation is too high and has been for too long," Fed Chair Kevin Warsh said in a press conference. "This summer's inflation readings do not tell me that underlying trends have meaningfully improved."The Fed now sounds "more hawkish" than it did in June, according to ING Bank."Our growth, inflation and jobs forecasts suggest little need for further rate hikes, and it may well be that the Fed is striking a hawkish line in order to build more credibility with bond markets as they look to support Treasury efforts to anchor the long end of the curve," ING said in a report.Treasury yields were higher following the Fed announcement, with the two-year rate up six basis points at 4.73% and the 10-year rate rising 1.4 basis points to 5.01%.In other economic news, US retail sales rebounded more than expected in August as higher fuel prices lifted spending at gasoline stations and outlays on motor vehicles turned positive.US homebuilder confidence this month hit its lowest level since September 2025 amid elevated mortgage rates and material costs, the National Association of Home Builders and Wells Fargo said.West Texas Intermediate crude oil was down 3.6% at $101.99 a barrel in Wednesday late-afternoon trade, while Brent dropped 3.1% to $105.39.Saudi Arabia is working to return about half the capacity of its East-West oil pipeline within days, Bloomberg News reported. Drone attacks led to the shutdown of that pipeline last week.Shares of Intel (INTC) rose 4% following a Reuters report that the chipmaker and SK Hynix (SKHY) were discussing a US memory chip partnership."SK Hynix is exploring various options to strengthen its global competitiveness, but no specific plans or arrangements have been finalized at this time," the company said in a statement. SK Hynix's US-listed shares were little changed.J.B. Hunt Transport Services (JBHT) tumbled 13%, the worst performer on the S&P 500, after Chief Financial Officer Brad Delco said during a conference call Tuesday that the company expects its third-quarter profit to decline sequentially.Spot gold edged down 0.5% to $4,271.55 per troy ounce, while silver lost 1.4% to $66.75 per ounce.

Dow JonesNasdaq CompositeS&P 500$INTC$JBHT$SKHY
Japan

US Equity Markets End Lower After Federal Reserve Increases Policy Rate

US equity indexes ended lower Wednesday after the Federal Reserve hiked interest rates, citing persistent inflation.* In a unanimous decision, the Fed raised the policy rate by a quarter percentage point to between 3.75% and 4%, the first hike from the central bank since July 2023. The Fed also signaled that another hike could come later this year if inflation continues to persist.* According to the Census Bureau, Retail sales grew 1.2% in August following a 0.5% decline the month before, compared with 0.8% increase in a Bloomberg-compiled survey.* October West Texas Intermediate crude oil fell $3.72 to settle at $102.11 per barrel, while November Brent crude, the global benchmark, was last seen down $3.28 at $105.47.* Axon Enterprise (AXON) shares rose about 6%, among the top performers on the S&P 500 and the Nasdaq, after the company priced an offering of $1 billion of convertible senior notes due 2031.* J.B. Hunt Transport Services (JBHT) expects earnings from Q2 to Q3 to fall 5% to 10%, Chief Financial Officer Brad Delco said Tuesday on a conference call. Shares were down roughly 13%, among the worst performers on the S&P 500.

Dow JonesNasdaq CompositeS&P 500$AXON$JBHT
Asia Markets

Update: US Equity Indexes Mixed as Fed Almost Certain to Tighten Monetary Policy, Crude Oil Slumps

(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes traded mixed ahead of a likely interest-rate increase from the Federal Reserve later on Wednesday.The Nasdaq Composite rose 0.7% to 26,152.2, the S&P 500 climbed 0.3% to 7,609.5, and the Dow Jones Industrial Average was little changed at 52,121.8 after midday. All sectors except energy and financials advanced. Technology and industrials led gainers.Ahead of the Fed's policy announcements on Wednesday, including an update of the Summary of Economic Projections, interest rate traders are now pricing in a 93% probability that the central bank will raise its target rate by 25 basis points, up from 33% a month ago, according to the CME FedWatch tool. The remaining likelihood is that the Federal Open Market Committee will extend its pause.The Fed should raise rates, as that has never been the question, according to a note from Stifel."The real question is: Will they? And will they continue hiking?," Lindsey Piegza, chief economist at Stifel, said in the note. "The Committee may be poised to hike this afternoon, but the telltale sign of conviction to tackle inflation - as opposed to a one-time token increase - will be a willingness to follow through with additional hikes into year-end."Retail sales grew 1.2% in August following a 0.5% decline the month before, the Census Bureau said Wednesday. The consensus in a Bloomberg-compiled survey was for a 0.8% increase last month. Sales at gasoline stations jumped 3.1% in August after falling 0.2% the month before, while motor vehicle and parts dealers' receipts rose 0.6% following a 1.8% drop."Retail sales roared back to life in August following a disappointing performance in July," Ksenia Bushmeneva, economist at TD Economics, said in a report. "Stronger results in the volatile auto and gasoline categories, along with a rebound in online sales, played a role but were not the whole story, given the broad-based gains in core sales."US Treasury yields, however, retreated ahead of the policy decision. The 10-year yield dropped 4.3 basis points to 4.95%, declining from its highest since 2007. The two-year yield slumped 5.3 basis points to 4.61%, after touching multi-year highs this week.Saudi Arabia said a drone launched by the Houthis towards Mecca was intercepted, while the Iran-aligned militia group denied targeting the holy site, calling the accusation a "nauseating lie," Al Jazeera, a Middle Eastern broadcaster, reported Wednesday. The Houthis said they targeted oil facilities in Saudi Arabia's Yanbu port and Khamis Mushait airbase, the news report said, adding that Riyadh has not commented on the claims.The front-month US West Texas Intermediate crude oil contract sank 3.1% to $102.56 per barrel, and the global benchmark North Sea Brent slid 2.7 to $105.86 per barrel.Gold futures jumped 1.3% to $4,389.5, and silver futures rose 1.8% to $65.01.J.B. Hunt Transport Services (JBHT) expects earnings from Q2 to Q3 to fall 5% to 10%, Chief Financial Officer Brad Delco said Tuesday on a conference call. The company faced "one of the most acute changes in the cost of purchased transportation," with intra-quarter spot rates rising 30%, Delco said. Shares sank 13%, among the worst performers in the S&P 500.

Dow JonesNasdaq CompositeS&P 500$JBHT
Update: Equities Mixed Intraday Ahead of Fed Decision
US Markets

Update: Equities Mixed Intraday Ahead of Fed Decision

(Updates with latest market prices and developments.)US benchmark equity indexes were mixed intraday, with traders awaiting the Federal Reserve's highly-anticipated interest rate decision.The Nasdaq Composite was up 0.7% at 26,151.5 after midday Wednesday, while the S&P 500 edged higher by 0.3% to 7,606.5. The Dow Jones Industrial Average dipped 0.1% to 52,036.2. The indexes closed Tuesday trading in the red for the second consecutive session.Barring energy and financials, all sectors were advancing intraday Wednesday, led by industrials and technology.The Fed's monetary policy committee will announce its interest rate decision at 2 pm ET. Markets are currently pricing in a 93% probability that the Federal Open Market Committee will hike its benchmark lending rate by 25 basis points, according to the CME FedWatch tool.The central bank will also release its latest Summary of Economic Projections, which includes the "dot plot" that anonymously shows policymakers' interest rate projections. Fed Chair Kevin Warsh is expected to hold a press conference at 2:30 pm."The Fed should raise rates today, that has never been the question," Stifel said in a Wednesday note e-mailed to. "The real question is: Will they? And will they continue hiking? The committee may be poised to hike this afternoon, but the telltale sign of conviction to tackle inflation -- as opposed to a one-time token increase -- will be a willingness to follow through with additional hikes into year-end."Treasury yields were lower intraday, with the two-year rate down 4.6 basis points at 4.62% and the 10-year rate falling 3.5 basis points to 4.96%.In other economic news, US retail sales rebounded more than expected in August as higher fuel prices lifted spending at gasoline stations and outlays on motor vehicles turned positive.Mortgage applications in the US declined last week as the 30-year fixed rate reached its highest level since May 2025, the Mortgage Bankers Association said.US homebuilder confidence this month hit its lowest level since September 2025 amid elevated mortgage rates and material costs, the National Association of Home Builders and Wells Fargo said.West Texas Intermediate crude oil fell 3.2% to $102.46 a barrel intraday, while Brent dropped 3% to $105.49.Saudi Arabia is working to return about half the capacity of its East-West oil pipeline within days, Bloomberg News reported. Drone attacks led to the shutdown of that pipeline last week.Shares of Intel (INTC) were up 4.6% intraday, among the best performers on the S&P 500, following a Reuters report that the chipmaker and SK Hynix (SKHY) were discussing a US memory chip partnership."SK Hynix is exploring various options to strengthen its global competitiveness, but no specific plans or arrangements have been finalized at this time," the company said in a statement. SK Hynix's US-listed shares were up 1%.J.B. Hunt Transport Services (JBHT) tumbled nearly 14%, the worst performer on the S&P 500, after Chief Financial Officer Brad Delco said during a conference call late Tuesday that the company expects its third-quarter profit to decline sequentially.Spot gold rose 1.2% to $4,343.91 per troy ounce, while silver gained 1.7% to $64.96 per ounce.

Dow JonesNasdaq CompositeS&P 500$INTC$JBHT$SKHY
Asia Markets

Exchange-Traded Funds Rise, US Equities Mixed After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) added 0.8%.US equity indexes traded mixed ahead of a likely interest-rate increase from the Federal Reserve later on Wednesday.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) fell about 1.9% each.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) rose 1%; iShares US Technology ETF (IYW) gained 0.8%, and iShares Expanded Tech Sector ETF (IGM) was up 0.8%.The State Street SPDR S&P Semiconductor (XSD) rose 1.2%, and iShares Semiconductor (SOXX) added 1.9%.FinancialThe State Street Financial Select Sector SPDR (XLF) dropped 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) declined 2.3%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), gained 2.2%.CommoditiesCrude oil lost 3.1%, and the United States Oil Fund (USO) was down 3.1%. Natural gas shed 0.8%, and the United States Natural Gas Fund (UNG) moved 1.9% lower.Gold on Comex rose 2.9%, and the State Street SPDR Gold Shares (GLD) increased 1.1%. Silver was up 1.9%, and iShares Silver Trust (SLV) gained 1.1%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) was up 0.2%. The Vanguard Consumer Staples ETF (VDC) added 0.3%, and iShares Dow Jones US Consumer Goods (IYK) rose fractionally.The State Street Consumer Discretionary Select Sector SPDR (XLY) was up 0.4%. VanEck Retail ETF (RTH) fell fractionally, and the State Street SPDR S&P Retail (XRT) gained 0.7%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) added 0.4%, while iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) gained 0.5% each. IShares Biotechnology ETF (IBB) was up 0.8%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) rose 0.8%. Vanguard Industrials Index Fund (VIS) was up 0.9% and iShares US Industrials (IYJ) gained 0.5%.CryptocurrencyIn midday activity, bitcoin (BTC-USD) fell 0.5%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) was 0.5% lower, ProShares Ether ETF (EETH) was down 0.9%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) dipped 0.7%.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH
Japan

US Equity Indexes Mixed as Fed Set to Tighten Monetary Policy

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes traded mixed ahead of a likely interest-rate increase from the Federal Reserve later on Wednesday.The Nasdaq Composite rose 0.8% to 26,195.6, the S&P 500 climbed 0.4% to 7,619.2, and the Dow Jones Industrial Average was little changed at 52,115.1 after midday. All sectors except energy and financials advanced. Technology and industrials led gainers.Ahead of the Fed's policy announcements on Wednesday, including an update of the Summary of Economic Projections, interest rate traders are now pricing in a 93% probability that the central bank will raise its target rate by 25 basis points, up from 33% a month ago, according to the CME FedWatch tool. The remaining likelihood is that the central bank will extend its pause.US Treasury yields, however, retreated ahead of the policy decision. The 10-year yield dropped 4.1 basis points to 4.96%, declining from its highest since 2007. The two-year yield slumped 4.4 basis points to 4.62%, after touching multi-year highs this week.Saudi Arabia said a drone launched by the Houthis towards Mecca was intercepted, while the Iran-aligned militia group denied targeting the holy site, calling the accusation a "nauseating lie," Al Jazeera, a Middle Eastern broadcaster, reported Wednesday. The Houthis said they targeted oil facilities in Saudi Arabia's Yanbu port and Khamis Mushait airbase, the news report said, adding that Riyadh has not commented on the claims.The front-month US West Texas Intermediate crude oil contract sank 3.9% to $101.68 per barrel, and the global benchmark North Sea Brent slid 3.3% to $105.17 per barrel.Gold futures jumped 1.4% to $4,393.2, and silver futures rose 2% to $65.11.

Dow JonesNasdaq CompositeS&P 500
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Wednesday Ahead of Fed's Rate Announcement

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.4%, and the actively traded Invesco QQQ Trust (QQQ) was 0.6% higher in Wednesday's premarket activity, ahead of the rate decision announcement by the Federal Open Market Committee and a speech by Federal Reserve Chair Kevin Warsh.US stock futures were also higher, with S&P 500 Index futures up 0.2%, Dow Jones Industrial Average futures advancing 0.2%, and Nasdaq futures gaining 0.4% before the start of regular trading.Mortgage applications fell by 4.1% in the week ended Sept. 11 as 30-year fixed mortgage rates rose to their highest level since May 2025, according to Mortgage Bankers Association data.The New York Federal Reserve's services index fell to negative 8.7 in September from 0.5 in August, compared with a smaller expected decrease to a reading of negative 2.2 in a survey compiled by Bloomberg as of 6 am ET.US retail sales were up 1.2% in August, a larger gain than the 0.8% increase expected in a survey compiled by Bloomberg and following the previous month's revised 0.5% decrease.US import prices rose by 0.7% in August, above the 0.5% increase expected in a survey compiled by Bloomberg as of 6 am ET and following a 0.3% decrease in July.Business inventories data for July and the NAHB's builder sentiment reading for September are due to be released at 10 am ET.Weekly oil stocks data are scheduled to be released at 10:30 am ET.In premarket activity, bitcoin was down by 0.1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.3% lower, Ether ETF (EETH) retreated 0.2%, and Bitcoin & Ether Market Cap Weight ETF (BETH) fell 3.2%.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.5%, while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.J.B. Hunt Transport Services (JBHT) shares were down 11% after Barclays and Wells Fargo cut their price targets for the company. Chief Financial Officer Brad Delco said in a conference call Tuesday that the company expects Q2-to-Q3 earnings to fall 5% to 10%.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.2%. The Vanguard Health Care Index Fund (VHT) and the iShares US Healthcare ETF (IYH) were inactive. The iShares Biotechnology ETF (IBB) was up 1%.Alvotech (ALVO) stock was up more than 5% premarket after Barclays upgraded it to overweight from underweight and lifted its price target to $8 from $4.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 0.8%, the iShares US Technology ETF (IYW) was 0.2% higher, and the iShares Expanded Tech Sector ETF (IGM) was inactive. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was inactive, while the iShares Semiconductor ETF (SOXX) rose by 1.4%.SK Hynix (SKHY) shares were up more than 3% after the company said its tentative wage agreement with the South Korean union received the backing of 57.08% of union members, with 8,731 votes in favor.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.04%. Direxion Daily Financial Bull 3X Shares (FAS) was inactive, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.2% lower.Huntington Bancshares (HBAN) shares were down 2% after the company revised its adjusted 2027 earnings-per-share target range to $1.75 to $1.83, reflecting lower-than-expected loan growth and net interest margins.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 1.1%.Borr Drilling (BORR) shares were over 2% higher, a day after the company said it agreed to divest its 51% interest in two oil-drilling Mexican joint ventures to its partner in Mexico.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.1%. The Vanguard Consumer Staples Index Fund ETF Shares (VDC), the iShares US Consumer Staples ETF (IYK), the State Street Consumer Discretionary Select Sector SPDR ETF (XLY), the VanEck Retail ETF (RTH) and the State Street SPDR S&P Retail ETF (XRT) were all inactive.VinFast Auto (VFS) shares were down more than 1% pre-bell after the company said that its unit, VinFast Vietnam, has signed agreements to acquire 100% of Ngoc Hoi Real Estate Investment Joint Stock Company for 30.9 trillion Vietnamese dong ($1.20 billion).CommoditiesFront-month US West Texas Intermediate crude oil retreated by 2.1% to $103.60 per barrel on the New York Mercantile Exchange. Natural gas was up 1.7% at $2.97 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased by 1.8%, while the United States Natural Gas Fund (UNG) was 0.6% higher.Gold futures for November were up by 1.1% at $4,380.90 an ounce on the Comex. Silver futures rose 2% to $65.14 an ounce. SPDR Gold Shares (GLD) was up by 1.1%, and the iShares Silver Trust (SLV) rose by 1.6%.

Dow JonesNasdaq CompositeS&P 500$ALVO$BORR$FAS$FAZ$GLD$HBAN$IBB$IGM$IYE$IYH$IYJ$IYK$IYW$JBHT$QQQ$RTH$SKHY$SLV$SOXX$SPY$UNG$USO$VDC$VFS$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Asia Markets

Update: US Equity Futures Rise Pre-Bell as Traders Await Fed Rate Decision

(Updates with economic data, recent oil price movements, world markets' overview and corporate stock movements.)US equity futures were edging higher pre-bell Wednesday as traders geared up for the interest rate decision from the Federal Reserve later in the day.Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.4%, and Nasdaq futures rose 0.6%.The Federal Open Market Committee's statement following Wednesday's meeting is due for release at 2:00 pm ET, with Federal Reserve Chairman Kevin Warsh's press conference scheduled to begin at 2:30 pm ET. The CME Group FedWatch indicator shows a 92.5% chance the Fed will raise rates by 0.25%.Oil prices declined amid a Reuters report that Saudi Arabia is offering crude oil cargoes via ship-to-ship transfer at Oman's Sohar port. Further, US crude oil, gasoline, and distillate inventories increased last week, according to the report.The front-month global benchmark North Sea Brent crude contract was down 1.2% at $107.40 per barrel, and US West Texas Intermediate crude was 1.9% lower at $103.79 per barrel.US retail sales rose 1.2% in August, following a 0.5% decrease in the prior month and compared with expectations for a 0.8% increase in a survey compiled by Bloomberg.US import prices rose 0.7% in August, compared with the 0.5% gain expected and the prior 0.3% decrease in July. US export prices increased 0.6% in August, compared with the 1.4% decline in the prior month and meeting expectations.The September US housing market index, slated for 10 am ET, is expected at 34, compared with 35 from the prior month.In other world markets, Japan's Nikkei closed 0.7% higher, Hong Kong's Hang Seng ended 0.2% higher, and China's Shanghai Composite finished 0.7% higher. Meanwhile, the UK's FTSE 100 was up 0.6%, and Germany's DAX index was 0.4% higher in Europe's early afternoon session.In equities, SK Hynix (SKHY) and Intel (INTC) stocks were up 3.1% and 3.5%, respectively, after Reuters reported that the South Korean semiconductor firm is exploring a deal with Intel to manufacture its memory chips in the US for the first time. Nokia (NOK) shares rose 5.4% after the company and C3IA said they signed a memorandum of understanding to support digital transformation across UK defense operations.On the losing side, Huntington Bancshares (HBAN) stock was down 1.8% after the company said it revised its adjusted 2027 earnings target range to $1.75 to $1.83 per share, reflecting lower-than-expected loan growth and net interest margins. J.B. Hunt Transport Services (JBHT) shares fell more than 11% after Chief Financial Officer Brad Delco said Tuesday that the company expects Q2 to Q3 earnings to decline 5% to 10%.

Dow JonesNasdaq CompositeS&P 500$HBAN$INTC$JBHT$NOK$SKHY
Japan

US Equity Futures Rise Pre-Bell as Traders Await Fed Rate Decision

US equity futures were edging mostly higher pre-bell Wednesday as traders geared up for the interest rate decision from the Federal Reserve later in the day.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.3%, and Nasdaq futures were 0.5% lower.The Federal Open Market Committee's statement following Wednesday's meeting is due for release at 2:00 pm ET, with Federal Reserve Chairman Kevin Warsh's press conference scheduled to begin at 2:30 pm ET. There is a 92.5% chance the Fed will raise rates by 0.25%, according to the CME Group FedWatch indicator.Oil prices declined amid a Reuters report that Saudi Arabia is offering crude oil cargoes via ship-to-ship transfer at Oman's Sohar port. Further, US crude oil, gasoline, and distillate inventories increased last week, according to the report.The front-month global benchmark North Sea Brent crude was down 1.4% at $107.25 per barrel and US West Texas Intermediate crude was 2.3% lower at $103.40 per barrel.The August retail sales report, slated for 8:30 am ET, is forecast to show a 0.8% increase following a 0.6% decline in the previous month, according to estimates compiled by Bloomberg.The August import price index is expected to show a 0.5% month-over-month gain after a 0.4% decrease previously. The export price index is projected to show a 0.6% increase, compared with a prior decline of 1.3%.The September US housing market index, slated for 10 am ET, is expected at 34, compared with 35 from the prior month.

Dow JonesNasdaq CompositeS&P 500
Asia Markets

Easing Oil Bills, Tech Strength Lifts Wall Street Pre-Bell; Asia, Europe Up

Wall Street futures pointed moderately higher pre-bell Wednesday as global crude oil prices eased, tech shares gained, and traders awaited a pending rate decision by the US central bank.In the futures, the S&P 500 rose 0.3%, the Nasdaq inclined 0.5% and the Dow Jones was up 0.2%.The Federal Reserve will disclose at 2 pm ET its latest rate decision, followed by Chair Kevin Warsh's 2:30 pm press conference.The CME FedWatch indicator calculates a 92.5% chance the Fed will lift rates by 0.25%.Investors will also watch the August retail sales release from Washington, slated for an 8:30 am ET release, for clues to how domestic consumers are faring under higher energy bills.West Texas Intermediate crude oil futures traded down 2.3% at $103.42 a barrel in morning action. Saudi Arabia is expanding ship-to-ship crude transfers off Oman's Sohar port, after its key oil pipeline to the Red Sea was damaged by Houthi attacks, reported Reuters.The VanEck Semiconductor fund (SMH) traded up 1.2% pre-bell.Asian exchanges traded higher overnight on tech sector gains and easing oil prices.European bourses tracked moderately north midday on the continent.On the economic calendar, in addition to the retail sales report and the Fed rate announcement, is the import and export prices bulletin for August at 8:30 am ET.The business inventories for July report and housing market index for September release log at 10 am.The weekly EIA petroleum status report posts at 10:30 am.In premarket action, Bitcoin traded at $75,899, and 10-year US Treasuries offered 4.99%. Spot gold commanded $4,348 an ounce.

Dow JonesNasdaq CompositeS&P 500
Stocks Rise Pre-Bell Ahead of Fed Policy Decision
US Markets

Stocks Rise Pre-Bell Ahead of Fed Policy Decision

The main US stock measures were trending higher in Wednesday's premarket activity as traders await a major policy decision by the Federal Reserve later in the day.The S&P 500 rose 0.2%, the Dow Jones Industrial Average edged up less than 0.1%, and the Nasdaq added 0.4% before the opening bell. The indexes closed Tuesday trading in the red for the second consecutive session.The Fed's monetary policy committee will announce its latest interest rate decision at 2 pm ET. Markets are currently pricing in a 93% probability that the Federal Open Market Committee will hike its benchmark lending rate by 25 basis points, according to the CME FedWatch tool.Fed Chair Kevin Warsh is expected to hold a press conference at 2:30 pm.The Fed will likely raise its benchmark interest rate but avoid signaling further hikes in its policy statement, Goldman Sachs said in a note. Last week, government data showed consumer inflation and producer prices hit three-month highs in August as energy costs rose.Treasury yields were mixed, with the two-year rate slipping 1 basis point to 4.65%, while the 10-year rate was up 0.4 basis points at 5%.Wednesday's economic calendar also has the weekly mortgage applications bulletin at 7 am, followed by last month's reports on retail sales and import and export prices at 8:30 am. The housing market index for September is out at 10 am, followed by the weekly EIA domestic petroleum inventories report at 10:30 am.West Texas Intermediate crude oil declined 0.9% to $104.90 a barrel, while Brent decreased 0.3% to $108.42.Saudi Arabia reportedly said Wednesday that its air defense forces intercepted a Houthi-fired drone before it entered the airspace over Mecca, Islam's holiest city. Yemen's Iran-aligned Houthis rejected the Saudi statement, according to CNBC.Crude loadings at Saudi Arabia's Red Sea export terminal in Yanbu had been halted, Reuters reported Tuesday, citing shipping industry sources. Saudi Arabia -- which is the world's biggest oil exporting nation -- has notified European customers of its decision to cancel some crude cargoes scheduled for late-September delivery, according to the news agency.Separately, Libya halted operations at three oil fields, though the issue was not related to the US-Iran conflict, Reuters reported."The East-West pipeline is expected to remain out of service for several weeks, and without a pickup in flows through the Strait of Hormuz, its closure will further exacerbate an already tight global supply situation," Saxo Bank said Tuesday in a report.Shares of Intel (INTC) advanced 5% before the open following a Reuters report that the chipmaker is in discussions with SK Hynix (SKHY) over a potential deal that could bring the South Korean company's memory-chip production to the US for the first time. A potential deal could include SK Hynix leasing part of Intel's planned Ohio facility or forming a joint venture, according to the report."While the company is reviewing various measures, including establishing additional production bases, to strengthen the competitiveness of its memory business, no matters have been determined at this stage," a spokesperson for SK Hynix toldin an emailed response.Trip.com's (TCOM) shares rose 4.7% as the Chinese travel operator reported its latest quarterly results.Homebuilder Lennar (LEN, LEN.B) is slated to release its latest financial results after the markets close.Gold increased 0.9% to $4,370 per troy ounce, while bitcoin dipped 0.2% to $75,810.

Dow JonesNasdaq CompositeS&P 500$INTC$LEN$LEN.B$SKHY$TCOM
Asia Markets

Update: US Equity Indexes Retreat as Benchmark Bond Yield Hits 19-Year High Ahead of Fed Rate Increase While Crude Oil Prices Jump

(Updates with index/price moves, comments and geopolitical news from the first paragraph.)US equity indexes fell as the 10-year Treasury yield touched a 19-year high amid near certainty that the Federal Reserve will increase interest rates, and crude oil surged as the war against Iran draws in Saudi Arabia.The Nasdaq Composite fell 0.8% to 25,981.57, the S&P 500 declined 0.5% to 7,585.73, and the Dow Jones Industrial Average dropped 0.6% to 52,093.11 on Tuesday.All sectors except energy and materials fell, with consumer discretionary leading decliners."Stocks are falling basically everywhere but not by much, and on rate and inflation fears plus AI fears either having to do with concern about slowing momentum or the cheery news from AI researchers that all profits will go to zero by decade's end," Derek Holt, head of capital market economics at Scotiabank, said in a note.The Federal Reserve kicked off its two-day monetary policy meeting on Tuesday. Ahead of the Fed's announcements on Wednesday, interest rate traders are now pricing in a 95% probability that the central bank will raise its target rate by 25 basis points, up from 33% a month ago, according to the CME FedWatch tool.Morgan Stanley expects another interest-rate increase in December, following a move up on Wednesday, and then a pause, as the US investment bank anticipates inflation will moderate, according to a research note."We see arguments for both a hike and a hold, but signs of second-round effects from energy prices, strong demand tied to AI-related investment, a neutral rate that is possibly temporarily higher, and concerns about credibility mean the balance of risks now argues for a somewhat more restrictive policy," the research note said. "We expect the [Summary of Economic Projections] to show a median of two hikes this year followed by one cut each in 2027 and 2028."The US Treasury's 20-year auction hit a high yield of 5.420% on Tuesday, up from 5.204% in the previous auction, further evidence that the government is paying more for its borrowings. The bid-to-cover ratio was 2.57, up from 2.53 in the previous auction.Most US Treasury yields were higher in the final leg of trading. The 10-year yield jumped 4.5 basis points to 5.01%, earlier touching 5.04%, the highest since 2007. The two-year yield advanced 3.9 basis points to 4.67%.Saudi Arabia issued security alerts over a range of territory on Tuesday, including in the holy city of Mecca and the second-largest city, Jeddah, following a week of attacks from Iran-aligned fighters that have drawn it deeper into the Middle East war, Reuters reported. The Iran-aligned Houthis in Yemen have carried out attacks on Saudi Arabia over the past week, including strikes on an air base on Monday, the news agency said.The front-month US West Texas Intermediate crude oil contract surged 4.4% to $105.88 per barrel, and the global benchmark North Sea Brent jumped 2.8% to $108.61 per barrel.Gold futures fell 0.4% to $4,334.5, and silver futures were steady at $64.13.President Donald Trump's acknowledgment that he expects the war to end after the midterms, and winter creeping closer, may be prompting financial markets to reassess this geopolitical deterioration, Walt Chancellor, an energy strategist at Macquarie, said in a note.

Dow JonesNasdaq CompositeS&P 500
Japan

US Equity Markets End Lower as 10-Year Treasury Yield Climbs to Highest Since 2007, Oil Jumps

US equity indexes ended lower Tuesday after US 10-year Treasury yields rose to the highest since 2007 and oil prices climbed further.* Saudi Arabia issued security alerts over a range of areas, including Mecca and Jeddah, following a week of attacks from Iran-aligned fighters that have drawn it deeper into the Middle East war, Reuters reported.* Ahead of the Federal Reserve's monetary policy meeting on Wednesday, the likelihood of an interest rate increase by 25 basis points rose to 94.5% from 33.1% a month earlier, according to the CME FedWatch tool.* West Texas Intermediate crude oil rose $4.63 to settle at $106.02 per barrel, while global benchmark Brent was last seen up $3.08 at $108.76.* Axon Enterprise (AXON) shares fell 9.8%, the steepest decline on the Nasdaq, as the company intends to offer $1 billion of 0% convertible senior notes due 2031.* Skyworks Solutions (SWKS) shares rose 14%, the biggest gain on the S&P 500, on improving sentiment tied to Apple's (AAPL) new product line and progress on the Qorvo (QRVO) merger. Qorvo shares rose 9.3%.

Dow JonesNasdaq CompositeS&P 500$AXON$QRVO$SWKS
Update: Equities Log Back-to-Back Declines Before Fed Decision as Yields, Oil Jump
US Markets

Update: Equities Log Back-to-Back Declines Before Fed Decision as Yields, Oil Jump

(Updates with market moves at the end of the day, and other changes, if any.)US stocks dropped for a second consecutive session on Tuesday as traders fretted over surging bond yields and oil prices while bracing for an interest rate hike from the Federal Reserve.The Nasdaq Composite shed 0.8% to close at 25,981.57, while the Dow Jones Industrial Average fell 0.6% to 52,093.11. The S&P 500 dipped 0.5% to 7,585.73. Except energy and materials, all sectors ended in the red, led by consumer discretionary.The Federal Open Market Committee began its two-day policy meeting on Tuesday.Markets are now pricing in a 95% probability that the FOMC will hike its benchmark lending rate by 25 basis points, according to the CME FedWatch tool.Goldman Sachs said the Fed will likely avoid disappointing markets.Treasury yields were higher, with the 10-year yield up 4.3 basis points at 5.004%. It hit 5.041% earlier in the day, the highest since July 2007, CNBC reported. The two-year yield advanced 3.7 basis points to about 4.7%.West Texas Intermediate crude oil jumped 4.4% to $105.81 a barrel in Tuesday late-afternoon trade, while Brent climbed 2.8% to $108.63.Crude loadings at Saudi Arabia's Red Sea export terminal in Yanbu had been halted, Reuters reported Tuesday, citing shipping industry sources. Saudi Arabia -- which is the world's biggest oil exporting nation -- has notified European customers of its decision to cancel some crude cargoes scheduled for late-September delivery, according to the news agency.Separately, Libya halted operations at three oil fields, though the issue was not related to the US-Iran conflict, Reuters reported.These developments come as Saudi's key East-West crude oil pipeline remained shut following recent attacks by Yemen's Iran-aligned Houthis."The East-West pipeline is expected to remain out of service for several weeks, and without a pickup in flows through the Strait of Hormuz, its closure will further exacerbate an already tight global supply situation," Saxo Bank said Tuesday in a report.In company news, Axon Enterprise (AXON) shares tumbled 9.8%, the second-worst performer on the S&P 500. The company said it intends to offer $1 billion of 0% convertible senior notes due 2031 in a public offering.Salesforce (CRM) is expanding its partnerships with Nvidia (NVDA), Alphabet's (GOOG, GOOGL) Google Cloud, and Amazon.com's (AMZN) Amazon Web Services to strengthen its agentic enterprise capabilities and expand its artificial intelligence footprint across third-party infrastructure.Shares of Salesforce fell 1.5%. Alphabet and Amazon also dropped, while Nvidia edged higher.Spot gold edged down 0.1% to $4,296.37 per troy ounce, while silver rose 0.1% to $64.20 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMZN$AXON$CRM$GOOG$GOOGL$NVDA
Japan

Update: US Equity Indexes Drop as 10-Year Yield Hits 19-Year High, Crude Oil Prices Surge

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes fell as the 10-year Treasury yield touched a 19-year high and crude oil extended gains, reflecting a strong likelihood of an interest-rate increase this week amid a worsening Iran war.The Nasdaq Composite fell 0.9% to 25,956.1, the S&P 500 declined 0.5% to 7,579.5, and the Dow Jones Industrial Average dropped 0.7% to 52,059.7 ahead of Tuesday's close. All sectors except energy and materials slid, with consumer discretionary leading decliners.The Federal Reserve kicked off its two-day monetary policy meeting on Tuesday. Ahead of the Fed's announcements on Wednesday, interest rate traders are now pricing in a 95% probability that the central bank will raise its target rate by 25 basis points, up from 33% a month ago, according to the CME FedWatch tool.Most US Treasury yields rose. The 10-year yield jumped 3.9 basis points to 5%, earlier touching 5.04%, the highest since 2007. The two-year yield advanced 3.1 basis points to 4.67%.Saudi Arabia issued security alerts over a range of territory on Tuesday, including in the holy city of Mecca and the second-largest city, Jeddah, following a week of attacks from Iran-aligned fighters that have drawn it deeper into the Middle East war, Reuters reported. The Iran-aligned Houthis in Yemen have carried out attacks on Saudi Arabia over the past week, including strikes on an air base on Monday, the news agency said.The front-month US West Texas Intermediate crude oil contract surged 4.2% to $105.64 per barrel, and the global benchmark North Sea Brent jumped 2.6% to $108.41 per barrel.

Dow JonesNasdaq CompositeS&P 500
Update: Equities Fall Intraday as Yields, Oil Surge Ahead of Fed Decision
US Markets

Update: Equities Fall Intraday as Yields, Oil Surge Ahead of Fed Decision

(Updates with latest market prices and developments.)US benchmark equity indexes fell intraday as bond yields and oil prices jumped ahead of the Federal Reserve's interest rate decision due on Wednesday.The Dow Jones Industrial Average was down 0.9% at 51,956.4 after midday Tuesday, while the Nasdaq Composite shed 0.8% to 25,972.8. The S&P 500 dipped 0.5% to 7,579.3. Except energy and materials, all sectors were in the red, led by consumer discretionary.The Federal Open Market Committee began its two-day policy meeting on Tuesday.Markets are currently pricing in a 93% probability that the FOMC will hike its benchmark lending rate by 25 basis points, according to the CME FedWatch tool.Goldman Sachs said the Fed will likely avoid disappointing markets that almost fully price in an interest rate increase.Treasury yields were higher, with the 10-year yield up 5.1 basis points at 5.012%. It hit 5.041% earlier in the day, the highest since July 2007, CNBC reported. The two-year yield advanced 3.5 basis points to about 4.7%.West Texas Intermediate crude oil jumped 5% to $106.41 a barrel, while Brent climbed 3.3% to $109.15.Oil loadings at Saudi Arabia's Red Sea export terminal in Yanbu had been halted, Reuters reported Tuesday, citing shipping industry sources. The news agency also reported the suspension of operations at three oil fields in Libya, but the issue was not related to the US-Iran conflict.Last week, Saudi Arabia shut down its key East-West crude oil pipeline in the Riyadh and Madinah regions as a precautionary measure. Yemen's Iran-aligned Houthis reportedly launched strikes on Saudi energy infrastructure in recent days."The East-West pipeline is expected to remain out of service for several weeks, and without a pickup in flows through the Strait of Hormuz, its closure will further exacerbate an already tight global supply situation," Saxo Bank said Tuesday in a report.In company news, Axon Enterprise (AXON) shares tumbled nearly 11% intraday, the worst performer on the S&P 500. The company said it intends to offer $1 billion of 0% convertible senior notes due 2031 in a public offering.Salesforce (CRM) is expanding its partnerships with Nvidia (NVDA), Alphabet's (GOOG, GOOGL) Google Cloud, and Amazon.com's (AMZN) Amazon Web Services to strengthen its agentic enterprise capabilities and expand its artificial intelligence footprint across third-party infrastructure.Shares of Salesforce were up 0.5% intraday. Nvidia was also edging higher, while Alphabet and Amazon were trading lower.Spot gold edged down 0.1% to $4,296.53 per troy ounce, while silver dipped 0.4% to $63.89 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMZN$AXON$CRM$GOOG$GOOGL$NVDA
Asia Markets

Update: US Equity Indexes Decline as Benchmark Treasury Yield Hits Highest in Almost Two Decades, Crude Oil Jumps

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes fell as the 10-year Treasury yield touched a 19-year high ahead of a widely anticipated interest rate increase and after crude oil jumped.The Nasdaq Composite fell 0.7% to 25,997.3, the S&P 500 declined 0.4% to 7,586.1, and the Dow Jones Industrial Average dropped 0.8% to 52,001.7 after midday Tuesday. All sectors except energy and materials retreated. Consumer discretionary and communication services led decliners.The Federal Reserve kicked off its two-day monetary policy meeting on Tuesday. Ahead of the Fed's announcements on Wednesday, interest rate traders are now pricing in a 93% probability that the central bank will raise its target rate by 25 basis points, up from 33% a month ago, according to the CME FedWatch tool.Morgan Stanley expects another interest-rate increase in December, following a move up on Wednesday, and then pauses as the US investment bank anticipates inflation will moderate, according to a research note."We see arguments for both a hike and a hold, but signs of second-round effects from energy prices, strong demand tied to AI-related investment, a neutral rate that is possibly temporarily higher, and concerns about credibility mean the balance of risks now argues for a somewhat more restrictive policy," the research note said. "We expect the [Summary of Economic Projections] to show a median of two hikes this year followed by one cut each in 2027 and 2028."Most US Treasury yields rose. The 10-year yield jumped 4.9 basis points to 5.01%, earlier touching 5.04%, the highest since 2007. The two-year yield advanced 2.5 basis points to 4.66%.Yemen's Iran-aligned Houthis launched a new wave of attacks on Saudi Arabia and were digging into positions on the western coast of Yemen along the Red Sea, Yemeni officials said, as urgent deliberations took place in Riyadh over how to respond to their lightning advance, according to a Reuters news report.Iran's semi-official Fars news agency reported that the Iran Revolutionary Guards Corps has shot down another US-developed MQ-1 drone over Hormuz, Al Jazeera, a Middle Eastern broadcaster, said. This is the third such drone downed in the area on Tuesday, the report said, citing the IRGC.The front-month US West Texas Intermediate crude oil contract surged 4.5% to $105.96 per barrel, and the global benchmark North Sea Brent jumped 3.1% to $108.76 per barrel.Gold futures fell 0.4% to $4,336.9, and silver futures slipped 0.3% to $63.95.In company news, Axon Enterprise (AXON) slumped 11%, the worst performer on the S&P 500, after the company said it intends to offer $1 billion of 0% convertible senior notes due 2031 in a registered public offering.Goldman Sachs' (GS) asset management alternatives unit has raised $11.7 billion across its newest private equity funds and other vehicles, Reuters reported Tuesday, citing a statement and an interview with an executive. Goldman shares declined 2.8%, the worst performer on the Dow.

Dow JonesNasdaq CompositeS&P 500$AXON$GS
Asia Markets

Exchange-Traded Funds, US Equities Fall After Midday

Broad-market exchange-traded funds IWM and IVV were lower. Actively traded Invesco QQQ Trust (QQQ) fell 0.6%.US equity indexes declined after the 10-year benchmark government bond yield hit a 19-year high and crude oil jumped as a Tehran-aligned militia group continues to pull Saudi Arabia into the Iran war.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) gained 2%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) shed 0.1%, while iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) declined 0.3% each.The State Street SPDR S&P Semiconductor (XSD) advanced 0.8%, while iShares Semiconductor (SOXX) fell 0.1%.FinancialThe State Street Financial Select Sector SPDR (XLF) dropped 0.8%. Direxion Daily Financial Bull 3X Shares (FAS) was 2.6% lower, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), rose 2.5%.CommoditiesCrude oil gained 4.2%, and the United States Oil Fund (USO) was 3.5% higher. Natural gas increased 0.5%, and the United States Natural Gas Fund (UNG) advanced 1.2%.Gold on Comex declined 0.4%, and the State Street SPDR Gold Shares (GLD) rose 0.3%. Silver dropped 0.4%, and iShares Silver Trust (SLV) increased 0.9%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) declined 0.7%. The Vanguard Consumer Staples ETF (VDC) was down 0.6%, and iShares Dow Jones US Consumer Goods (IYK) fell 0.5%.The State Street Consumer Discretionary Select Sector SPDR (XLY) was 1.2% lower. The VanEck Retail ETF (RTH) dropped 1.6%, and the State Street SPDR S&P Retail (XRT) dipped 2.1%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) and iShares US Healthcare (IYH) were 0.1% higher each, and Vanguard Health Care ETF (VHT) was fractionally lower, while iShares Biotechnology ETF (IBB) was down 0.9%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) was 0.2% lower. The Vanguard Industrials Index Fund (VIS) decreased 0.1%, and iShares US Industrials (IYJ) fell 0.3%.CryptocurrencyIn midday activity, bitcoin (BTC-USD) decreased 3.1%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) dropped 3.4%, ProShares Ether ETF (EETH) shed 4.8%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was up 1.9%.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH
Japan

Update: US Equity Indexes Fall as Benchmark Treasury Yield Touches Highest in Almost Two Decades, Crude Oil Extends Gains

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes declined after the 10-year benchmark government bond yield hit a 19-year high and crude oil jumped as a Tehran-aligned militia group continues to pull Saudi Arabia into the Iran war.The Nasdaq Composite fell 0.6% to 26,029.1, the S&P 500 declined 0.5% to 7,583.2, and the Dow Jones Industrial Average dropped 1% to 51,917.5 after midday Tuesday. All sectors except energy retreated. Consumer discretionary and communication services led decliners.The Federal Reserve kicked off its two-day monetary policy meeting on Tuesday. Ahead of the Fed's announcements on Wednesday, interest rate traders are now pricing in a 93% probability that the central bank will raise its target rate by 25 basis points, up from 33% a month ago, according to the CME FedWatch tool.Most US Treasury yields rose. The 10-year yield jumped 5.1 basis points to 5.01%, earlier touching 5.04%, the highest since 2007. The two-year yield advanced 3.1 basis points to 4.67%.Yemen's Iran-aligned Houthis launched a new wave of attacks on Saudi Arabia and were digging into positions on the western coast of Yemen along the Red Sea, Yemeni officials said, as urgent deliberations took place in Riyadh over how to respond to their lightning advance, according to a Reuters news report.Iran's semi-official Fars news agency reported that the Iran Revolutionary Guards Corps has shot down another US-developed MQ-1 drone over Hormuz, Al Jazeera, a Middle Eastern broadcaster, said. This is the third such drone downed in the area on Tuesday, the report said, citing the IRGC.The front-month US West Texas Intermediate crude oil contract jumped 1.9% to $103.27 per barrel, and the global benchmark North Sea Brent rose 1.5% to $107.28 per barrel.

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