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1,510 stories mentioning Nasdaq CompositeUpdated 22h ago

Surged alongside other US benchmarks after Washington and Tehran reached a framework to end their war and reopen the Strait of Hormuz.

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Japan

Update: US Equity Indexes Fall as 10-Year Treasury Yield Rises Above 5% Mark, Crude Oil Jumps

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes fell after the 10-year benchmark government bond yield touched a 52-week high of 5.01% and crude oil prices extended gains as inflation concerns mounted amid the ongoing war in Iran.The Nasdaq Composite fell 0.3% to 26,243.1, the S&P 500 declined 0.3% to 7,631.5, and the Dow Jones Industrial Average slipped 0.1% to 52,512.6 after midday Monday.US Treasury yields traded mixed. After hitting a 52-week high, the 10-year yield was down 2.8 basis points to 4.95%.The front-month US West Texas Intermediate crude oil contract jumped 2.8% to $102.83 per barrel, and the global benchmark North Sea Brent rose 2.6% to $107.29 per barrel.Gulf Arab states postponed a planned meeting with Iran, and Yemen's Iran-aligned Houthis launched a fresh attack on Saudi Arabia, Reuters reported.Iran wants to reach a deal with Washington, President Donald Trump said Monday. "The failing Nation of Iran wants to make a deal, quickly and badly. I will determine whether or not the U.S.A. will choose to engage - The concept of which we are open to," Trump wrote in a social media post on Truth Social.

Dow JonesNasdaq CompositeS&P 500
Commodities

Exchange-Traded Funds, Equity Futures Lower Pre-Bell Monday Amid AI Pullback

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.6%, and the actively traded Invesco QQQ Trust (QQQ) was 1.5% lower in Monday's premarket activity as warnings from AI industry leaders weighed on technology shares.US stock futures were also lower, with S&P 500 Index futures down 0.6%, Dow Jones Industrial Average futures slipping 0.2%, and Nasdaq futures retreating 1.5% before the start of regular trading.In premarket activity, bitcoin was up by 0.8%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.9% higher, Ether ETF (EETH) retreated 1.1%, and Bitcoin & Ether Market Cap Weight ETF (BETH) gained 0.7%.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 2.5%, the iShares US Technology ETF (IYW) was flat, and the iShares Expanded Tech Sector ETF (IGM) was down 2%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was inactive, while the iShares Semiconductor ETF (SOXX) fell by 5.6%.Elastic (ESTC) shares were up more than 7% in premarket activity after the company said Friday that it launched the serverless Elasticsearch Vector Database with optimized defaults to enable developers to create and ship vector search applications faster.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 1%, the Vanguard Health Care Index Fund (VHT) was up 0.4%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) was down 0.2%.Scholar Rock (SRRK) stock was 6% higher after the company said Friday it received US Food and Drug Administration approval for Isembyld to treat spinal muscular atrophy in certain patients aged two years and above.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.6%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was flat.Baldwin Insurance Group (BWIN) shares traded up 6% after the company said it has entered into a definitive agreement through which an entity formed by Sequence Holdings and the Dell Family Office will acquire a majority interest in the company for about $7.70 billion in cash.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated 1.4%, while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.SpaceX (SPCX) shares were down more than 2% before the opening bell. The company's Chief Executive Elon Musk said Sunday on social media platform X that he is "highly confident" the company will launch Nvidia's (NVDA) Vera Rubin NLV72 artificial intelligence computers in space next year.EnergyThe iShares US Energy ETF (IYE) gained 0.9%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 1.5%.Occidental Petroleum (OXY) stock was up more than 2% before market open after Wells Fargo lifted the company's price target to $82 from $79.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 1%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was inactive, and the iShares US Consumer Staples ETF (IYK) was 0.3% higher. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.5%. The VanEck Retail ETF (RTH) and the State Street SPDR S&P Retail ETF (XRT) were inactive.Kenvue (KVUE) and Kimberly-Clark (KMB) shares were up 1% after Reuters reported Kimberly-Clark is preparing potential asset sales to address EU antitrust concerns over its proposed acquisition of Kenvue.CommoditiesFront-month US West Texas Intermediate crude oil was up by 4.7% at $104.79 per barrel on the New York Mercantile Exchange. Natural gas was 2.3% higher at $2.90 per 1 million British Thermal Units. The United States Oil Fund (USO) rose 3.1%, while the United States Natural Gas Fund (UNG) advanced 1.5%.Gold futures for November were down by 1.9% at $4,324.40 an ounce on the Comex. Silver futures fell 2.5% to $63.57 an ounce. SPDR Gold Shares (GLD) decreased 1.8%, and the iShares Silver Trust (SLV) was 2.3% lower.

Dow JonesNasdaq CompositeS&P 500$BWIN$ESTC$FAS$FAZ$GLD$IBB$IGM$IYE$IYH$IYJ$IYK$IYW$KMB$KVUE$OXY$QQQ$RTH$SLV$SOXX$SPCX$SPY$SRRK$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Asia Markets

Correction: Update: US Equity Futures Lower Pre-Bell as Traders Assess Call for AI Advancement Slowdown, Upcoming Fed Decision

(Corrects the oil price percentage change in the sixth paragraph.)US equity futures were edging lower pre-bell Monday as traders evaluated a call for a slowdown in the advancement of artificial intelligence models and the upcoming Federal Reserve policy decision.Dow Jones Industrial Average futures were 0.4% lower, S&P 500 futures were down 0.7%, and Nasdaq futures were 1.6% lower.In an essay published on Saturday, Anthropic Chief Executive Officer Dario Amodei called for slowing the pace at which companies improved the capabilities of AI models, citing risks of losing control, the misuse of AI for cyberattacks and bioterrorism, and serious economic disruption.Amodei's proposal was backed by other major AI players, including OpenAI CEO Sam Altman and SpaceX (SPCX) CEO Elon Musk.The Federal Reserve policy session starts Tuesday and concludes with a rate announcement on Wednesday. There is an 88.5% chance the Fed will raise rates by 0.25%, according to the CME Group FedWatch indicator.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 4.4% at $109.24 per barrel and US West Texas Intermediate crude 4.5% higher at $104.53 per barrel.The economic calendar is vacant.In other world markets, Japan's Nikkei closed 0.8% lower, Hong Kong's Hang Seng ended 0.5% higher, and China's Shanghai Composite finished 0.1% lower. Meanwhile, the UK's FTSE 100 was up 0.5%, and Germany's DAX index was 0.6% lower in Europe's early afternoon session.In equities, stocks of Nvidia (NVDA), Micron Technology (MU), and Intel (INTC) were down as part of a broader downswing in the semiconductor industry after the AI development concerns raised by Amodei. Nvidia shares fell 2.5%, Micron stock was down 6%, and Intel shares dropped 6.9%.On the winning side, Exxon Mobil (XOM) stock was up 1.5% after a Bloomberg report cited executive Peter Clarke as saying that the company has raised its liquefied natural gas sales forecast even as the Middle East war prompts some countries to reconsider their reliance on the fuel. Johnson & Johnson (JNJ) shares rose 1.3% after the company said Sunday a phase 3 trial of its lung cancer drug Rybrevant combined with chemotherapy resulted in a median overall survival of 34.3 months. Chevron (CVX) stock was 1.5% higher after a Reuters report citing President of Global Gas, Freeman Shaheen, as saying that the company is considering expanding its global gas portfolio to the Mediterranean and Argentina to meet growing demand amid the crisis in the Middle East.

Dow JonesNasdaq CompositeS&P 500$CVX$INTC$JNJ$MU$NVDA$SPCX$XOM
Asia Markets

Update: US Equity Futures Lower Pre-Bell as Traders Assess Call for AI Advancement Slowdown, Upcoming Fed Decision

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were edging lower pre-bell Monday as traders evaluated a call for a slowdown in the advancement of artificial intelligence models and the upcoming Federal Reserve policy decision.Dow Jones Industrial Average futures were 0.4% lower, S&P 500 futures were down 0.7%, and Nasdaq futures were 1.6% lower.In an essay published on Saturday, Anthropic Chief Executive Officer Dario Amodei called for slowing the pace at which companies improved the capabilities of AI models, citing risks of losing control, the misuse of AI for cyberattacks and bioterrorism, and serious economic disruption.Amodei's proposal was backed by other major AI players, including OpenAI CEO Sam Altman and SpaceX (SPCX) CEO Elon Musk.The Federal Reserve policy session starts Tuesday and concludes with a rate announcement on Wednesday. There is an 88.5% chance the Fed will raise rates by 0.25%, according to the CME Group FedWatch indicator.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 4.7% at $109.57 per barrel and US West Texas Intermediate crude 468% higher at $104.67 per barrel.The economic calendar is vacant.In other world markets, Japan's Nikkei closed 0.8% lower, Hong Kong's Hang Seng ended 0.5% higher, and China's Shanghai Composite finished 0.1% lower. Meanwhile, the UK's FTSE 100 was up 0.5%, and Germany's DAX index was 0.6% lower in Europe's early afternoon session.In equities, stocks of Nvidia (NVDA), Micron Technology (MU), and Intel (INTC) were down as part of a broader downswing in the semiconductor industry after the AI development concerns raised by Amodei. Nvidia shares fell 2.5%, Micron stock was down 6%, and Intel shares dropped 6.9%.On the winning side, Exxon Mobil (XOM) stock was up 1.5% after a Bloomberg report cited executive Peter Clarke as saying that the company has raised its liquefied natural gas sales forecast even as the Middle East war prompts some countries to reconsider their reliance on the fuel. Johnson & Johnson (JNJ) shares rose 1.3% after the company said Sunday a phase 3 trial of its lung cancer drug Rybrevant combined with chemotherapy resulted in a median overall survival of 34.3 months. Chevron (CVX) stock was 1.5% higher after a Reuters report citing President of Global Gas, Freeman Shaheen, as saying that the company is considering expanding its global gas portfolio to the Mediterranean and Argentina to meet growing demand amid the crisis in the Middle East.

Dow JonesNasdaq CompositeS&P 500$CVX$INTC$JNJ$MU$NVDA$SPCX$XOM
Stocks Fall Pre-Bell Amid AI Safety Warnings; Investors Await Fed Rate Decision
US Markets

Stocks Fall Pre-Bell Amid AI Safety Warnings; Investors Await Fed Rate Decision

The benchmark US stock measures were tracking in the red before the opening bell Monday as traders assess warnings from leading artificial intelligence executives about the rapid pace of AI developments and await a major policy decision by the Federal Reserve later in the week.The S&P 500 declined 0.8%, the Dow Jones Industrial Average decreased 0.3%, and the tech-heavy Nasdaq fell 1.8% in premarket activity. All three main indexes finished Friday trading higher, snapping a four-day losing streak.Dario Amodei, chief executive of AI chatbot Claude maker Anthropic, called on the industry Saturday to slow the pace at which it advances AI model capabilities. His three-step plan for ensuring that safety measures keep pace with advances in AI model capabilities includes placing independent evaluators inside leading AI companies with "employee-like access."OpenAI CEO Sam Altman and Tesla (TSLA) and SpaceX (SPCX) CEO Elon Musk supported Amodei's call in posts on X.Shares of Nvidia (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), SanDisk (SNDK), Intel (INTC) and Qualcomm (QCOM) were down pre-bell. Shares of AI hyperscalers including Microsoft (MSFT), Alphabet (GOOG, GOOGL), Amazon (AMZN) and Meta Platforms (META) also dropped.With no major economic reports scheduled for Monday, traders will focus on the Fed's monetary policy committee meeting scheduled for Tuesday, with a decision on interest rates due the following day. Markets are currently pricing in an 87% probability that the central bank will hike its benchmark lending rate by 25 basis points, with the remaining odds in favor of another Fed pause.In remarks emailed toon Friday, Oxford Economics said it "expects a third consecutive set of moderate inflation readings to tip a narrow majority towards holding rates," although "rising oil prices and still-elevated inflation make a risk-management case for a hike."Last week, official data showed that US consumer inflation hit a three-month high in August as energy prices rose, while the core measure unexpectedly accelerated.Treasury yields were down, with the two-year rate retreating 1.8 basis points to 4.63% while the 10-year rate was off 1.6 basis points to 4.96%.West Texas Intermediate crude oil rose 2.6% to $102.66 a barrel, while Brent gained 2.7% to $107.38.A diplomatic meeting between Iran and several Gulf states to discuss the future of the Strait of Hormuz has been called off, following Yemen's Iran-aligned Houthis' attack on a military airbase in Saudi Arabia, Reuters reported. The meeting was scheduled for Monday.Saudi Arabia's Energy Ministry said Friday that the kingdom shut down its key East-West crude oil pipeline in the Riyadh and Madinah regions as a precautionary measure a day after the facility was targeted in multiple attacks. The pipeline closure leaves the Strait of Hormuz as the kingdom's only route for moving large volumes of crude westward, according to Rystad Energy.Gold slipped 1.9% to $4,327 per troy ounce, while bitcoin edged 0.9% higher to $77,992.

Dow JonesNasdaq CompositeS&P 500$AMD$AMZN$GOOG$GOOGL$INTC$META$MSFT$MU$NVDA$QCOM$SNDK$SPCX$TSLA
Japan

US Equity Futures Lower Pre-Bell as Traders Assess Call for AI Advancement Slowdown, Upcoming Fed Decision

US equity futures were edging lower pre-bell Monday as traders evaluated a call for a slowdown in the advancement of artificial intelligence models and the upcoming Federal Reserve policy decision.Dow Jones Industrial Average futures were 0.3% lower, S&P 500 futures were down 0.6%, and Nasdaq futures were 1.5% lower.In an essay published on Saturday, Anthropic Chief Executive Officer Dario Amodei called for slowing the pace at which companies improved the capabilities of AI models, citing risks of losing control, the misuse of AI for cyberattacks and bioterrorism, and serious economic disruption.Amodei's proposal was backed by other major AI players, including OpenAI CEO Sam Altman and SpaceX (SPCX) CEO Elon Musk.The Federal Reserve policy session starts Tuesday and concludes with a rate announcement on Wednesday. There is an 88.5% chance the Fed will raise rates by 0.25%, according to the CME Group FedWatch indicator.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 3.7% at $108.47 per barrel and US West Texas Intermediate crude 3.4% higher at $103.41 per barrel.The economic calendar is vacant.

Dow JonesNasdaq CompositeS&P 500$SPCX
Asia Markets

AI, Oil, Bond Yield Concerns Damp Wall Street Pre-Bell; Asia, Europe Off

Wall Street futures pointed lower pre-bell Monday as mounting concerns regarding AI development met rising oil prices, underscored by a growing consensus the US central bank will raise rates this week.In the futures, the S&P 500 fell 0.7%, the Nasdaq declined 1.6% and the Dow Jones was off 0.1%.Traders look ahead to the Federal Reserve policy session that starts Tuesday and culminates with a rate announcement on Wednesday. There is an 86.5% chance the Fed will raise rates by 0.25%, according to the CME Group FedWatch indicator.Undercutting AI-related shares, Anthropic CEO Dario Amodei posted on social media platform X on Saturday that AI development should be slowed, while OpenAI CEO Sam Altman said his company will not go public in 2026 in an interview posted Saturday by Fortune magazine.The VanEck Semiconductor fund (SMH) traded down more than 4% pre-bell.West Texas Intermediate crude oil traded up 2.5% to $102.60 a barrel in morning action, following reports that Houthi military forces in Yemen have damaged Saudi Arabian oil exporting pipelines and infrastructure.Asian exchanges traded mostly lower overnight, and European bourses edged south midday on the continent.In premarket action, Bitcoin traded at $77,911, and 10-year US Treasuries offered 4.97%. Spot gold commanded $4,293 an ounce.

Dow JonesNasdaq CompositeS&P 500
Asia Markets

US Equity Investors to Look for Hawkish Tilt in Fed Policy Announcements While Focusing on Iran Geopolitics This Week

US equity investors are expected to look out for follow-through in the Federal Reserve's policy announcements, retail sales and Iran geopolitics this week.* The Federal Reserve is widely expected to hike the target rate for the federal funds by 25 basis points on Wednesday while also releasing the Summary of Economic Projections. Fed Chair Kevin Warsh's press conference will begin at 2:30 pm E.T.* The strongest argument for hiking is that Warsh has probably boxed himself in with his high deference to markets, Derek Holt, head of capital market economics at Scotiabank, said in a note. "If you don't hike when it's priced, then when? If he doesn't hike, then markets may pay less heed to his hawkish laments," Holt said. He added, however, that hiking would be a "policy error" because the inflation threat is "overstated and so is job market resilience."* Macroeconomic data due this week include retail sales, ADP employment change, jobless claims, import and export prices, building permits and housing starts, and industrial production.* Middle East diplomacy appeared to falter heading into Monday with the postponement of a meeting between Iran and other Persian Gulf powers, Reuters reported. Fresh strikes from Houthi, an Iran-aligned militia group, on Saudi Arabia and Tehran's attacks on ships in the Gulf compounded supply concerns following the closure of a key Saudi oil pipeline, the news agency said.* Quarterly earnings due this week include Trip.com (TCOM) and Lennar (LEN).* S&P 500 companies' earnings increased almost 53% year-over-year, versus consensus for nearly 23% growth as of June 30, according to a D. A. Davidson note. Large investment gains that Alphabet (GGOG, GOOGL) recognized in SpaceX (SPCX) and Amazon.com (AMZN)-backed Anthropic skewed some of this growth, but even backing out this contribution, operating earnings growth was over 30%, per the note. Looking ahead to Q3, consensus is for S&P 500 earnings to surge more than 28% year over year.

Dow JonesNasdaq CompositeS&P 500$LEN$TCOM
Update: Wall Street Rises at End of Losing Week Amid Inflation Worries
US Markets

Update: Wall Street Rises at End of Losing Week Amid Inflation Worries

(Updates with market moves at the end of the day, and other changes, if any.)US stocks rose Friday after a four-day slump to trim weekly losses, even as expectations grew that the Federal Reserve will hike interest rates as soon as next week amid mounting inflation concerns.The Dow Jones Industrial Average and the Nasdaq Composite gained 1% each to close at 52,573.29 and 26,333.04, respectively. The S&P 500 climbed 0.9% to 7,656.98. Barring utilities and healthcare, all sectors ended in the green, led by communication services.The holiday-shortened trading week saw the Dow shedding 1.6%. The S&P 500 and the Nasdaq logged weekly losses of 0.8% and 0.7%, respectively.In economic news, US consumer inflation hit a three-month high in August as energy prices rose, while the core measure unexpectedly accelerated, official data showed."With oil prices up significantly in recent weeks, again hovering around $100 per barrel and underlying price pressures in services remaining sticky, a (Fed) rate hike at next week's meeting now appears all but certain," TD Economics said in a note.The probability of the US central bank increasing its benchmark lending rate by 25 basis points next week jumped to 87% Friday from 72% Thursday, according to the CME FedWatch tool. The odds pointing to another Fed pause fell to 13% from 28%.US consumer sentiment weakened in September, while inflation expectations rose, with the year-ahead price growth outlook reaching the highest reading since June, preliminary results of a University of Michigan survey showed.West Texas Intermediate crude oil was down 2% at $100.44 a barrel in Friday late-afternoon trade, while Brent dropped 2.6% to $104.80. However, both benchmarks were on track for their second consecutive weekly advances as tensions in the Middle East intensified earlier in the week.Saudi Arabia's Energy Ministry said Friday that the kingdom shut down its key East-West crude oil pipeline in the Riyadh and Madinah regions as a precautionary measure a day after the facility was targeted in multiple attacks. Yemen's Iran-aligned Houthis reportedly launched strikes on Saudi energy infrastructure in recent days.A six-member bloc of Gulf states is considering talks with Iran next week over the future of the Strait of Hormuz, the world's most important chokepoint for crude flows, news outlets reported Friday.The International Energy Agency on Friday projected a steeper contraction in oil demand this year as the Middle East conflict is expected to hamper production and push energy prices higher.Diesel prices in the US surged past $6 per gallon for the first time ever Friday amid concerns over energy supply disruptions that in turn could fuel inflation.Treasury yields were higher, with the two-year rate up 7.5 basis points at 4.63% and the 10-year rate rising 2.7 basis points to 4.97%.In company news, Dell Technologies (DELL) shares jumped 12%, the second-biggest gain on the S&P 500, as RBC Capital Markets initiated its coverage of the computer maker's stock with an outperform rating and a $640 price target.Dell is well positioned to benefit from the multiyear artificial intelligence infrastructure spending cycle, RBC said in a note.ACV Auctions (ACVA) shares surged 44%, while Copart (CPRT) fell 2.6%. Late Thursday, the companies said Copart will acquire ACV Auctions for $10.50 per share in cash, representing an implied equity value of roughly $1.9 billion.Spot gold edged up 0.7% to $4,348.43 per troy ounce, while silver was little changed at $64.94 per ounce.

Dow JonesNasdaq CompositeS&P 500$ACVA$CPRT$DELL
Equities

S&P 500 Index Slips Weekly as Health Care, Materials Weigh

The Standard & Poor's 500 index slipped 0.8% this week, led to the downside by the health care and materials sectors.The S&P 500 ended the week at 7,656.98. This is the index's first weekly decline since the week ended Aug. 21. It's now down 0.4% for September but up almost 12% this year.Data released Friday showed US consumer prices rose 0.4% month over month in August, the fastest pace since May and matching expectations. Core inflation, which excludes the more volatile food and energy components, jumped to a four-month high of 0.3%, exceeding market projections for an unchanged 0.2% growth.Expectations for a rate increase at the Federal Reserve's next Federal Open Market Committee meeting, which is set for next week, rose after the inflation report. Bets for the US central bank to increase its benchmark lending rate by 25 basis points next week jumped to 87% Friday from 72% Thursday, according to the CME FedWatch tool.US consumer sentiment weakened in September, while inflation expectations rose, with the year-ahead price growth outlook reaching the highest reading since June, preliminary results of a University of Michigan survey showed Friday.By sector, health care had the largest percentage drop of the week, falling 3.6%, followed by a 2.7% decline in materials. Industrials and utilities shed 1.7% each, financials fell 1.5%, consumer discretionary declined 1.2% and real estate slipped 1.1%. Consumer staples and technology also edged lower.Cooper (COO) led the decliners in health care and also had the largest percentage drop in the overall S&P 500 for the week, tumbling 23% amid weaker-than-expected fiscal Q3 sales. The company also lowered its full-year outlook.Corteva (CTVA) was among the decliners in the materials sector, slipping 4.5%. Chemours (CC), DuPont de Nemours (DD) and Corteva said they have agreed to a $455 million settlement with North Carolina and 11 local entities to resolve PFAS-related claims. Shares of Chemours and DuPont also declined on the week.Just two sectors rose as energy climbed 2% and communication services gained 1.1%.The energy sector's advance came as crude oil futures rose on the week. The White House is mulling ways it can use the Defense Production Act to expand US oil refining capacity, Reuters reported, citing two sources familiar with the plans. Saudi Arabia's Energy Ministry said on Friday its East-West pipeline was shut after multiple attacks, according to media reports.The energy sector's top gainers included Valero Energy (VLO), which rose 5.3%, and APA (APA), which climbed 4.6%.All eyes next week will be on the two-day FOMC meeting set to conclude on Wednesday. Economic data will include August retail sales, pending home sales, industrial production and capacity utilization.

Dow JonesNasdaq CompositeS&P 500$APA$CC$COO$CTVA$DD$VLO
Asia Markets

Update: US Equity Indexes Rise After August Inflation Print Triggers Rally in Shorter-Maturity Treasury Yields, Crude Oil Slumps

(Updates with index/price moves, comments and company/geopolitical news from the first paragraph.)US equity indexes rose amid a broad-based rally after August's inflation print sparked a surge in short-term government bond yields while crude oil slid ahead of a potential meeting between the Gulf states and Iran to stem their spiralling war.The Nasdaq Composite jumped 1% to 26,333.04, the S&P 500 rose 0.9% to 7,656.98, and the Dow Jones Industrial Average climbed 1% to 52,573.29 on Friday. All but two sectors, health care and utilities, rose. Communication services, consumer discretionary and technology led the gainers.The consumer price index rose 0.4%, the fastest pace since May and above July's 0.1% increase, Bureau of Labor Statistics data showed Friday. The move matched the Bloomberg-polled consensus. Core inflation jumped to a four-month high of 0.3%, exceeding projections for an unchanged 0.2% gain. On an annual basis, headline inflation held steady at 3.4%, as expected. The annual core measure eased to 2.4% from 2.5%, also in line with projections.Today's "ambiguous CPI data doesn't conclusively show evidence of continued disinflation or a continued trend of above-target inflation going forward," Jefferies Chief US Economist Thomas Simons said in a note."The rate decision at this meeting is a very close call, and it seems that no matter what the FOMC does, there will be criticism that they are making a mistake," Simons said. "If they hike, they will have to deal with setting expectations for further rate hikes, knowing that oil prices could crash at any time if there is a resolution to the situation in Iran. If they hold, they risk losing their inflation-fighting credibility, and they will be defying a market that is pricing in odds of nearly 90% for a hike."Supercore inflation - core services excluding housing - jumped 0.5% in August, marking the largest monthly gain in four months, according to a Stifel note. Over the past 12 months, the supercore grew 3.0%, accelerating from the 2.8% gain in July and marking the fastest pace since June.Last month, Fed Chair Kevin Warsh reiterated the Fed's commitment to eventually reinstating price stability, but market participants remained skeptical of any policy tightening, the Stifel note said. "There is no doubt the Fed should raise rates, but the question remains: Will they?"Most US Treasury yields rose. The two-year shot up 7.8 basis points to 4.63%, the highest since mid-2024. The 10-year yield climbed 2.7 basis points to 4.97%, the strongest level since October 2023.A six-member bloc of Gulf states is weighing a meeting with Iran next week to discuss the future of the Strait of Hormuz, people familiar with the matter told Bloomberg. Oman is aiming to assemble foreign ministers from the Gulf Cooperation Council and Iran on Monday in Salalah, a southern Omani city, sources told the news agency.The front-month US West Texas Intermediate crude oil contract slumped 2% to $100.44 per barrel, and global benchmark North Sea Brent dropped 2.6% to $104.80 per barrel. Both crude types were off their respective session lows after Saudi Arabia's Ministry of Energy said Friday that a key crude oil pipeline had been attacked and "was shut down as a precautionary measure," according to CNN.

Dow JonesNasdaq CompositeS&P 500
Asia Markets

US Equity Indexes Fall This Week as Benchmark Treasury Yield Hits Highest in Almost Three Years, Crude Oil Blows Past $100

US equity indexes fell this week as government bond yields surged to multi-year highs and crude oil soared following a worsening Iran war.* The S&P 500 closed at 7,656.98 on Friday, versus 7,718.60 a week ago. The Nasdaq Composite stood at 26,333.04, compared with 26,506.99 a week earlier, and the Dow Jones Industrial Average ended at 52,573.29, down from 53,414.25 at the end of last week.* Energy, technology and communication services led sectors, while healthcare sat at the bottom of sector charts.* The consumer price index rose 0.4%, the fastest pace since May and above July's 0.1% gain. The move matched the Bloomberg-polled consensus. Core inflation, which excludes the more volatile food and energy components, jumped to a four-month high of 0.3%, exceeding market projections for an unchanged 0.2% growth.* Interest rate traders are now pricing in an 87% probability that the Federal Reserve will raise its target rate by 25 basis points on Wednesday, up from 72% a day ago and 48% a month ago, according to the CME FedWatch tool.* The 10-year Treasury yield traded at 4.94% late Friday, the strongest level since October 2023, as inflation concerns mounted.* Yemen's Iran-aligned Houthis reached the strategic island of Perim in the Bab el-Mandeb Strait on Friday, Reuters reported, moving to tighten their grip on a vital global shipping route. If the Houthis gain control of the Bab el-Mandeb Strait, which is on the opposite side of the Arabian Peninsula from the Strait of Hormuz, it could give Iran a critical advantage in its war with the US, reducing supplies through a second major transit corridor, the news agency said Friday.* Also, this week, President Donald Trump acknowledged that the Iran war may last until after the November mid-term elections.* Global benchmark North Sea Brent crude oil surpassed $108.0 per barrel on Thursday following attacks on several crude oil carriers.

Dow JonesNasdaq CompositeS&P 500
Japan

US Equity Markets End Higher Amid Broad-Based Rally as Crude Oil Prices Drop

US equity indexes ended higher Friday amid a broad-based rally led by communication services and technology after crude oil prices dropped.* The Bureau of Labor Statistics' consumer price index rose 0.4% month-on-month, the fastest pace since May and above July's 0.1% gain, matching the Bloomberg-polled consensus.* Core inflation, which excludes the more volatile food and energy components, jumped to a four-month high of 0.3%, exceeding market projections for an unchanged 0.2% growth.* The University of Michigan's preliminary consumer sentiment index fell to 47.8 in September from 51.7 in August, versus the 51.0 expected in a survey compiled by Bloomberg.* October West Texas Intermediate crude oil fell $1.92 to settle at $100.59 per barrel, while November Brent crude, the global benchmark, was last seen down $2.76 at $104.87.* Dell Technologies (DELL) is poised to benefit from a multi-year artificial intelligence infrastructure spending cycle, setting the stage for results to sustain above long-term targets, RBC Capital Markets said in a note. The personal computer manufacturer's shares were up roughly 12%, the second-best performer on the S&P 500.* Copart (CPRT) shares were down about 2.7%, among the worst performers on the S&P 500, after the company said late Thursday it will acquire ACV Auctions (ACVA) for $10.50 per share in cash, valuing the latter at about $1.9 billion.

Dow JonesNasdaq CompositeS&P 500$ACVA$CPRT$DELL
Japan

Update: Communication Services, Technology Lift US Equity Indexes After August Inflation Print Triggers Rally in Shorter-Maturity Treasury Yields

(Updates with index/price moves, macroeconomic data, comments and geopolitical news from the first paragraph.)US equity indexes rose amid a broad-based rally led by communication services and technology, after August's consumer price inflation data sparked a rise in short-term government bond yields and crude oil slumped.The Nasdaq Composite jumped 1.2% to 26,391.5, the S&P 500 climbed 1.1% to 7,671.1, and the Dow Jones Industrial Average advanced 1.1% to 52,642.2 ahead of Friday's close. All sectors rose, with industrials among the top gainers.The consumer price index rose 0.4% month on month, the fastest pace since May and above July's 0.1% gain, the Bureau of Labor Statistics data showed Friday. The move matched the Bloomberg-polled consensus. Core inflation, which excludes the more volatile food and energy components, jumped to a four-month high of 0.3%, exceeding market projections for an unchanged 0.2% growth. On an annual basis, headline inflation held steady at 3.4%, as expected. The annual core measure eased to 2.4% from 2.5%, also in line with projections.Another iteration of inflation, the supercore - defined as core services excluding housing - jumped 0.5% in August, marking the largest monthly gain in four months, according to a Stifel note. Over the past 12 months, the supercore increased 3.0%, accelerating from the 2.8% gain in July and marking the fastest pace since June, per the note.Last month, Fed Chair Kevin Warsh reiterated the Fed's commitment to eventually reinstating price stability, a welcome sentiment but a reality already five years in the making, leaving market participants still skeptical of not only the potential for a rate increase next week, but a follow-through with additional hikes into year-end, the Stifel note said. "There is no doubt the Fed should raise rates, but the question remains: Will they?"Most US Treasury yields rose in the final leg of trading, with outsized gains concentrated in shorter maturity securities. The two-year shot up 9.4 basis points to 4.64%, the highest since mid-2024. The 10-year yield climbed 3.1 basis points to 4.98%, the strongest level since October 2023.A six-member bloc of Gulf states is weighing a meeting with Iranian officials next week to discuss the future of the Strait of Hormuz, people familiar with the matter told Bloomberg, in what would be the first gathering with the Islamic Republic since war erupted more than six months ago. Oman is aiming to get foreign ministers from the Gulf Cooperation Council and Iran together on Monday in Salalah, a southern Omani city, people familiar with the matter told the news agency.The front-month US West Texas Intermediate crude oil contract slumped 2.3% to $100.16 per barrel, and global benchmark North Sea Brent dropped 2.9% to $104.52 per barrel.

Dow JonesNasdaq CompositeS&P 500$DELL
Update: Equities Rise Intraday as Traders Parse Inflation Report; Oil Retreats
US Markets

Update: Equities Rise Intraday as Traders Parse Inflation Report; Oil Retreats

(Updates with latest market prices and developments.)US benchmark equity indexes were advancing intraday as markets assessed fresh inflation data, while oil prices fell.The Nasdaq Composite and the Dow Jones Industrial Average were up 1.2% each at 26,406.1 and 52,675.2, respectively, after midday Friday. The S&P 500 advanced 1.1% to 7,675.1. Except healthcare, all sectors were in the green, led by communication services.In economic news, US consumer inflation hit a three-month high in August as energy prices rose, while the core measure unexpectedly accelerated, official data showed, likely adding pressure on the Federal Reserve to raise interest rates."With oil prices up significantly in recent weeks, again hovering around $100 per barrel and underlying price pressures in services remaining sticky, a (Fed) rate hike at next week's meeting now appears all but certain," TD Economics said in a note.The probability of the US central bank increasing its benchmark lending rate by 25 basis points next week jumped to 87% Friday from 72% Thursday, according to the CME FedWatch tool. The odds pointing to another Fed pause fell to 13% from 28%.West Texas Intermediate crude oil was down 2.7% at $99.72 a barrel intraday, while Brent dropped 3% to $104.42. However, both benchmarks were on track for their second consecutive weekly advances as tensions in the Middle East intensified earlier in the week.Diesel prices in the US surged past $6 per gallon for the first time ever Friday amid concerns over energy supply disruptions that in turn could fuel inflation.A six-member bloc of Gulf states is considering talks with Iran next week over the future of the Strait of Hormuz, the world's most important chokepoint for crude flows, news outlets reported Friday.US consumer sentiment weakened in September, while inflation expectations rose, with the year-ahead price growth outlook reaching the highest reading since June, preliminary results of a University of Michigan survey showed.Treasury yields were mostly higher intraday, with the two-year rate up eight basis points at 4.63% and the 10-year rate rising 1.1 basis points to 4.96%.In company news, Dell Technologies (DELL) shares jumped 10% intraday, the top gainer on the S&P 500, as RBC Capital Markets initiated its coverage of the computer maker's stock with an outperform rating and a $640 price target.Dell is well positioned to benefit from the multiyear artificial intelligence infrastructure spending cycle, RBC said in a note.ACV Auctions (ACVA) shares surged 44%, while Copart (CPRT) fell 3.4%, making it the worst performer on the S&P 500. Late Thursday, the companies said Copart will acquire ACV Auctions for $10.50 per share in cash, representing an implied equity value of roughly $1.9 billion.Spot gold advanced 1.2% to $4,367.78 per troy ounce, while silver edged higher by 0.1% to $65.02 per ounce.

Dow JonesNasdaq CompositeS&P 500$ACVA$CPRT$DELL
Asia Markets

Update: Communication Services, Technology Push US Equity Indexes Higher While August CPI Sparks Rally in Shorter-Maturity Treasury Yields

(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.)US equity indexes rose amid a broad-based rally led by communication services and technology, after August's consumer price inflation data sparked a rise in short-term government bond yields and crude oil slumped.The Nasdaq Composite jumped 1.2% to 26,391.5, the S&P 500 climbed 1.1% to 7,671.1, and the Dow Jones Industrial Average advanced 1.1% to 52,642.2 after midday Friday. All sectors rose, with industrials among the top gainers.The consumer price index rose 0.4% month on month, the fastest pace since May and above July's 0.1% gain, the Bureau of Labor Statistics data showed Friday. The move matched the Bloomberg-polled consensus. Core inflation, which excludes the more volatile food and energy components, jumped to a four-month high of 0.3%, exceeding market projections for an unchanged 0.2% growth.On an annual basis, headline inflation held steady at 3.4%, as expected. The annual core measure eased to 2.4% from 2.5%, also in line with projections."Although headline inflation met expectations, core inflation came in slightly hotter than anticipated, ending a three-month run of softer readings," Thomas Feltmate, senior economist at TD Economics, said in a report. "The pickup was concentrated in non-housing services, which posted its strongest monthly gain since January and is still running north of 3% on a twelve-month basis -- underscoring the stickiness in this component of inflation."Most US Treasury yields rose in midday trading. The two-year jumped 7.8 basis points to 4.63%, the highest since mid-2024. The 10-year yield edged up 1.1 basis points to 4.96%, the strongest level since October 2023.Further in economic news, the University of Michigan's preliminary consumer sentiment index fell to 47.8 in September from 51.7 in August, versus the 51.0 expected in a survey compiled by Bloomberg. Respondents set one-year inflation expectations at 4.6%, up sharply from 4.0% in August, while five-year inflation expectations increased to 3.4% after remaining at 3.3% for three straight months.Yemen's Iran-aligned Houthis reached Perim island in the Bab el-Mandeb Strait on Friday, four Yemeni government sources told Reuters, moving to tighten their grip on an important shipping route.A Houthi spokesman said they will allow international vessels to pass through Bab al-Mandeb except Saudi ships, which are being blocked, Al Jazeera, a Middle Eastern broadcaster, reported.The front-month US West Texas Intermediate crude oil contract slumped 3% to $99.46 per barrel, and global benchmark North Sea Brent dropped 3.1% to $104.29 per barrel.In company news, Dell Technologies (DELL) is poised to benefit from a multi-year artificial intelligence infrastructure spending cycle, setting the stage for results to sustain above long-term targets, RBC Capital Markets said in a client note. The personal computer manufacturing giant's shares soared 11%, the top performer on the S&P 500.

Dow JonesNasdaq CompositeS&P 500$DELL
Asia Markets

Exchange-Traded Funds, US Equities Rise After Midday

Broad-market exchange-traded funds IWM and IVV were higher. Actively traded Invesco QQQ Trust (QQQ) rose 1%.US equity indexes rose amid a broad-based rally led by communication services and technology, after August's consumer price inflation data sparked a rise in short-term government bond yields and crude oil slumped.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) gained 0.3% each.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK), iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) rose 1.4% each.The State Street SPDR S&P Semiconductor (XSD) climbed 3.6%, while iShares Semiconductor (SOXX) increased 2.4%.FinancialThe State Street Financial Select Sector SPDR (XLF) gained 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) was 2.1% higher, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 1.8%.CommoditiesCrude oil fell 2.3%, and the United States Oil Fund (USO) decreased 2.7%. Natural gas shed 0.9%, and the United States Natural Gas Fund (UNG) dropped 1.1%.Gold on Comex declined 0.1%, and the State Street SPDR Gold Shares (GLD) moved 0.9% higher. Silver rose 0.1%, and iShares Silver Trust (SLV) increased 1.3%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) gained 0.5%. The Vanguard Consumer Staples ETF (VDC) and iShares Dow Jones US Consumer Goods (IYK) also rose 0.5% each.The State Street Consumer Discretionary Select Sector SPDR (XLY) was 0.9% higher. The VanEck Retail ETF (RTH) gained 0.7%, and the State Street SPDR S&P Retail (XRT) advanced 1.3%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) was fractionally lower; iShares US Healthcare (IYH) was slightly up and Vanguard Health Care ETF (VHT) was fractionally down, while iShares Biotechnology ETF (IBB) was up 0.3%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) was 1.2% higher. The Vanguard Industrials Index Fund (VIS) increased 1.3%, and iShares US Industrials (IYJ) rose 1.4%.CryptocurrencyIn midday activity, bitcoin (BTC-USD) increased 0.9%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) rose 0.7%, ProShares Ether ETF (EETH) advanced 5%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was down 1.3%.

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: Communication Services, Technology Push US Equity Indexes Higher in Midday Trading

(Updates with index/price moves, macroeconomic data and geopolitical news from the first paragraph.)US equity indexes rose amid a broad-based rally led by communication services and technology, after August's consumer price inflation data sparked a rise in short-term government bond yields and crude oil slumped.The Nasdaq Composite jumped 1.2% to 26,399.2, the S&P 500 climbed 1.1% to 7,673.3, and the Dow Jones Industrial Average advanced 1.1% to 52,605.7 after midday Friday.The consumer price index rose 0.4% month on month, the fastest pace since May and above July's 0.1% gain, the Bureau of Labor Statistics data showed Friday. The move matched the Bloomberg-polled consensus. Core inflation, which excludes the more volatile food and energy components, jumped to a four-month high of 0.3%, exceeding market projections for an unchanged 0.2% growth.On an annual basis, headline inflation held steady at 3.4%, as expected. The annual core measure eased to 2.4% from 2.5%, also in line with projections.Most US Treasury yields rose in midday trading. The two-year jumped 6.3 basis points to 4.61%, the highest since mid-2024. The 10-year yield was steady at 4.94%, the strongest level since October 2023.The front-month US West Texas Intermediate crude oil contract slumped 3.2% to $99.18 per barrel, and global benchmark North Sea Brent dropped 3% to $104.40 per barrel.

Dow JonesNasdaq CompositeS&P 500
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Friday Amid Inflation Data Release

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.8% and the actively traded Invesco QQQ Trust (QQQ) was 1% higher in Friday's premarket activity amid inflation data release.US stock futures were also higher, with S&P 500 Index futures up 0.7%, Dow Jones Industrial Average futures advancing 0.7%, and Nasdaq futures gaining 0.8% before the start of regular trading.The US seasonally adjusted consumer price index, a measure of inflation, rose by 0.4% in August, as expected, and following a 0.1% increase in July, according to data released by the Bureau of Labor Statistics.The preliminary University of Michigan consumer sentiment reading for September will be released at 10 am ET.In premarket activity, bitcoin was down by 0.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.2% lower, Ether ETF (EETH) retreated 0.5%, and Bitcoin & Ether Market Cap Weight ETF (BETH) lost 0.04%.Power Play:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.9%, while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.Copart (CPRT) stock was up more than 6% after the company agreed to acquire ACV Auctions (ACVA) for $10.50 per share in cash, valuing the company at about $1.90 billion. ACV Auctions shares were up 44% premarket.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained 1.1%, the iShares US Technology ETF (IYW) was 0.7% higher, and the iShares Expanded Tech Sector ETF (IGM) was inactive. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) advanced 0.7%, while the iShares Semiconductor ETF (SOXX) rose by 1.4%.Adobe (ADBE) shares were down 3% after the software maker provided a fiscal Q4 revenue outlook below analyst estimates at the midpoint.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.5%, while the Vanguard Health Care Index Fund (VHT) and the iShares US Healthcare ETF (IYH) were inactive. The iShares Biotechnology ETF (IBB) was flat.Exelixis (EXEL) stock was down more than 3% premarket after the company said that the US Food and Drug Administration extended the review period for its new drug application for its metastatic colorectal cancer candidate, zanzalintinib, in combination with atezolizumab, by three months.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) was up 2%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 2.2% lower.UBS Group (UBS) shares were up 2% in early hours activity after the company said it has accepted $7.93 billion aggregate principal amount of notes in its cash tender offers for nine series of debt securities and upsized its maximum offer amount to about $5.85 billion from $4 billion.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.4%, while the Vanguard Consumer Staples Index Fund ETF Shares (VDC) and the iShares US Consumer Staples ETF (IYK) were inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.4%. The VanEck Retail ETF (RTH) and the State Street SPDR S&P Retail ETF (XRT) were inactive.Kroger (KR) shares were down nearly 2% pre-bell after the company cut its guidance for full-year identical sales, excluding fuel.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was down 0.8%.Petrobras (PBR) stock was up more than 1% before market open after Reuters reported Thursday that the company plans to increase diesel prices at its refineries by roughly 1 Brazilian reais ($0.20), though the state-run oil company is waiting for government measures to protect consumers from the move.CommoditiesFront-month US West Texas Intermediate crude oil was down by 3.1% at $99.30 per barrel on the New York Mercantile Exchange. Natural gas was 1.8% lower at $2.78 per 1 million British Thermal Units. The United States Oil Fund (USO) declined 2.8%, while the United States Natural Gas Fund (UNG) retreated 1.6%.Gold futures for November were down by 1.4% at $4,346.10 an ounce on the Comex. Silver futures retreated 1.8% to $63.77 an ounce. SPDR Gold Shares (GLD) increased 0.9%, and the iShares Silver Trust (SLV) was 1.4% higher.

Dow JonesNasdaq CompositeS&P 500$ACVA$ADBE$CPRT$EXEL$FAS$FAZ$GLD$IBB$IGM$IYE$IYH$IYJ$IYK$IYW$KR$PBR$QQQ$RTH$SLV$SOXX$SPY$UBS$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Asia Markets

Update: US Equity Futures Higher Pre-Bell as Traders Assess More Inflation Data and Drop in Oil Prices

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were edging higher pre-bell Friday as traders assessed the second of two key inflation reports this week and observed a drop in oil prices.Dow Jones Industrial Average futures were 0.7% higher, S&P 500 futures were up 0.7%, and Nasdaq futures were 0.8% higher.The US is continuing its campaign of economic pressure on Iran and its financial connections, with Treasury Secretary Scott Bessent saying that "a large bank" will be sanctioned by the US on Monday, according to a CNBC report.Iran-backed Houthi forces have taken over the port city of Mokha in Yemen, potentially giving Iran an avenue to increase attacks on vessels in the Red Sea, which has been an alternative route for ships avoiding the Strait of Hormuz, The Associated Press reported.Traders digested the latest round of earnings, with Kroger (KR) posting higher fiscal Q2 adjusted earnings and sales.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 3.1% at $104.32 per barrel and US West Texas Intermediate crude 3.1% lower at $99.31 per barrel.The August consumer price index, released at 8:30 am ET, rose 0.4%, compared with a 0.1% gain in the previous month, and meeting expectations in a survey compiled by Bloomberg.The University of Michigan consumer sentiment index for September, slated for 10 am ET, is expected at 51.0, down from 51.7 previously.In other world markets, Japan's Nikkei closed 1.9% lower, Hong Kong's Hang Seng ended 0.6% lower, and China's Shanghai Composite finished 1.2% lower. Meanwhile, the UK's FTSE 100 was up 0.7%, and Germany's DAX index was 0.7% higher in Europe's early afternoon session.In equities, Oracle (ORCL) shares were up 6.3% after the company reported late Thursday stronger-than-expected growth in fiscal Q1 adjusted earnings and sales and raised its full-year outlook. Micron Technology (MU) stock was up 1.8% after a Reuters report that the company will award its direct-labor employees in Taiwan with bonuses equivalent to 35 to 68 months of pay for fiscal 2026 after what it described as an extraordinary year. Copart (CPRT) and ACV Auctions (ACVA) shares rose 6.9% and 45%, respectively, after the two companies said Copart will buy ACV Auctions for $10.50 per share in cash, valuing the company at about $1.9 billion.On the losing side, Adobe (ADBE) shares fell 3.5% after the company late Thursday provided a fiscal Q4 revenue outlook below Wall Street's estimates at the midpoint and maintained its full-year annualized recurring revenue growth guidance. Petrobras (PBR) stock was down 1.6% after a Reuters report that the company plans to increase diesel prices at its refineries by roughly 1 Brazilian reais ($0.20). Kroger shares dropped 2.7% after the company fell short of analysts' consensus estimates for fiscal Q2 sales.

Dow JonesNasdaq CompositeS&P 500$ACVA$ADBE$CPRT$KR$MU$ORCL$PBR

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