Nasdaq Composite

Dow JonesNasdaq CompositeS&P 500$CASY$META

Update: US Equity Indexes Drop as Crude Oil Tops $100 Mark Amid Worsening Iran War, Yields Surge After Treasury Triples Government-Debt Buybacks

(Updates with index/price moves, macroeconomic data, comments and company/geopolitical news from the first paragraph.)US equity indexes slid after Brent crude oil futures crossed $100 a barrel and a surge in government bond yields wiped the shine off the Treasury Department's move to triple government debt buybacks to as much as $6 billion.The Nasdaq Composite declined 0.6% to 26,260.2, the S&P 500 retreated 0.4% to 7,641.5, and the Dow Jones Industrial Average dropped 0.5% to 52,522.6 after midday Wednesday. All sectors except energy fell, with consumer discretionary, real estate, industrials and utilities among the steepest decliners.The Iranian Revolutionary Guard Corps plans to declare a restricted zone stretching from Chabahar into parts of the Gulf of Oman and the Arabian Sea, Al Jazeera, a Middle Eastern broadcaster, reported. Any vessel entering this area will face sanctions, it said. The Strait of Hormuz accounted for about a fifth of global oil and gas flow daily before the Iran war.Iran said on Wednesday it had attacked 10 ships near the Strait of Hormuz after the US sank five Iranian oil tankers, in the biggest declared wave of tit-for-tat attacks on shipping by both sides since the start of the six-month-old war, Reuters reported."Oil prices will be higher for longer with no end in sight for what remains Iran's strategy of managed irresolution through US midterms," Derek Holt, the head of capital market economics at Scotiabank, said in a note.The front-month US West Texas Intermediate crude oil contract surged 2.9% to $95.68 per barrel, and global benchmark North Sea Brent soared 2.8% to $100.68 per barrel.The Treasury Department plans to buy back up to $6 billion of government debt, CNBC reported. The move triples the normal buyback operation, following an announcement Aug. 19 from Treasury Secretary Scott Bessent that the department would at least double the normal amount for already-issued securities.Most US Treasury yields rose, with the two-year up 2.5 basis points to 4.42%. The 10-year yield jumped 3.1 basis points to 4.84%, trading close to its highest since late 2023.Treasury yields rose despite the increased buyback announcement, as some on Wall Street expect even bigger repurchases, according to CNBC.Gold futures rose 0.6% to $4,464.00, and silver futures jumped 2.8% to $68.90.In company news, Meta Platforms (META) launched a new personal artificial intelligence agent called Muse AI, which can send emails, book travel plans, take on goals, and continue working after users close the app. Shares advanced 6.2%, among the top gainers on the S&P 500 and the Nasdaq.Casey's General Stores (CASY) fiscal Q1 same-store sales growth slowed and missed Wall Street estimates, taking the shine off earnings and revenue beats. Shares sank more than 15%, the steepest decliner on the S&P 500.In economic news, Redbook US same-store sales surged 8.3% from a year earlier in the week ended Sept. 5, after a 9.6% year-over-year increase in the previous week.

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

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 0.3%.US equity indexes fell as Brent crude oil futures crossed $100 a barrel, while a surge in government bond yields wiped the shine off the Treasury Department's move to triple government debt buybacks to as much as $6 billion.EnergyIShares US Energy ETF (IYE) gained 0.8% and the State Street Energy Select Sector SPDR (XLE) climbed 0.8%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained 0.1%; iShares US Technology ETF (IYW) dropped fractionally, and iShares Expanded Tech Sector ETF (IGM) added 0.2%.The State Street SPDR S&P Semiconductor (XSD) rose 0.2%, while iShares Semiconductor (SOXX) advanced 0.7%.FinancialThe State Street Financial Select Sector SPDR (XLF) slipped 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) declined 0.5%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), advanced 0.5%.CommoditiesCrude oil increased 2.5%, and the United States Oil Fund (USO) gained 1.4%. Natural gas shed 3%, and the United States Natural Gas Fund (UNG) dropped 2.8%.Gold on Comex increased 0.3%, and the State Street SPDR Gold Shares (GLD) moved 1.3% higher. Silver advanced 2%, and iShares Silver Trust (SLV) rose 3.9%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) shed 1.1%. The Vanguard Consumer Staples ETF (VDC) fell 1.1%, and iShares Dow Jones US Consumer Goods (IYK) eased 0.9%.The State Street Consumer Discretionary Select Sector SPDR (XLY) lost 1.2%. The VanEck Retail ETF (RTH) fell 1.1%, and the State Street SPDR S&P Retail (XRT) dropped 1.3%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) fell 0.2%; iShares US Healthcare (IYH) dropped 0.3% and Vanguard Health Care ETF (VHT) declined 0.4%, while iShares Biotechnology ETF (IBB) shed 0.6%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) was 1.2% lower. The Vanguard Industrials Index Fund (VIS) shed 1.2% and iShares US Industrials (IYJ) dropped 0.9%.CryptocurrencyIn midday activity, bitcoin (BTC-USD) gained 0.3%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) increased 0.5%, ProShares Ether ETF (EETH) fell 0.2%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.

Japan10d ago

US Equity Indexes Decline as Crude Oil Tops $100 Mark While Treasury Yields Jump

US equity indexes fell as Brent crude oil futures crossed $100 a barrel, while a surge in government bond yields wiped the shine off the Treasury Department's move to triple government debt buybacks to as much as $6 billion.The Nasdaq Composite declined 0.4% to 26,306.5, the S&P 500 retreated 0.3% to 7,651.3, and the Dow Jones Industrial Average dropped 0.6% to 52,541.7 after midday Wednesday.The Iranian Revolutionary Guard Corps plans to declare a restricted zone stretching from Chabahar into parts of the Gulf of Oman and the Arabian Sea, Al Jazeera, a Middle Eastern broadcaster, reported. Any vessel entering this area will face sanctions, it said. The Strait of Hormuz accounted for about a fifth of global oil and gas flow daily before the Iran war.Iran said on Wednesday it had attacked 10 ships near the Strait of Hormuz after the U.S. sank five Iranian oil tankers, in the biggest declared wave of tit-for-tat attacks on shipping by both sides since the start of the six-month-old war, Reuters reported.The front-month US West Texas Intermediate crude oil contract surged 3.1% to $95.91 per barrel, and global benchmark North Sea Brent soared 3.2% to $101.04 per barrel.The Treasury Department on Wednesday said it will buy back up to $6 billion of government debt in an operation aimed at keeping bond markets functioning, CNBC reported. The much-anticipated announcement triples the normal buyback operation, it said.Most US Treasury yields rose, with the two-year up 3.2 basis points to 4.43%. The 10-year yield jumped 4.5 basis points to 4.85%, its highest since late 2023.

Dow JonesNasdaq CompositeS&P 500$AGI$AMZN$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$GLD$GOOG$GOOGL$HSBC$IBB$IGM$IGV$INNV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$PMR$QQQ$RTH$SLV$SOXX$SPY$TTE$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

Commodities10d ago

Exchange-Traded Funds, Equity Futures Down Pre-Bell Wednesday as Brent Crude Exceeds $100 a Barrel

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.4% and the actively traded Invesco QQQ Trust (QQQ) was 0.6% lower in Wednesday's premarket activity as front-month North Sea Brent crude-oil futures exceeded $100 a barrel for the first time since July.US stock futures were mixed, with S&P 500 Index futures down 0.4%, Dow Jones Industrial Average futures slipping 0.6%, and Nasdaq futures losing 0.5% before the start of regular trading.Mortgage applications fell by 2.7% in the week ended Sept. 4 as a further increase in 30-year fixed mortgage rates depressed both refinancing activity and new home applications, according to Mortgage Bankers Association data released Wednesday.In premarket activity, bitcoin was up by 1.2%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1.2% higher, Ether ETF (EETH) advanced 0.7%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.6%, the iShares US Technology ETF (IYW) was inactive, and the iShares Expanded Tech Sector ETF (IGM) was down 0.5%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was down 1.3%, while the iShares Semiconductor ETF (SOXX) dropped by 1.2%.Alphabet (GOOG, GOOGL) shares were down more than 2.2% in premarket activity after the company reported it will invest at least 13 billion euros ($15.10 billion) into AI infrastructure in Finland in 2027 through 2028.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.2%, the Vanguard Health Care Index Fund (VHT) was up 0.3%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) dropped by 0.2%.InnovAge Holding (INNV) stock was up more than 14% premarket after the company swung to fiscal Q4 earnings following stronger-than-expected revenue growth.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.4%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was inactive, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.8%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was down 0.5%.Amazon.com (AMZN) shares were down 1.6% pre-bell after the company launched its first sterling bond sale Wednesday, with a four-part offering expected to price later in the day, according to a Bloomberg report.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI), the Vanguard Industrials Index Fund (VIS) remained inactive, and the iShares US Industrials ETF (IYJ) were inactive.Alamos Gold (AGI) stock was up more than 1.4% before the opening bell after closing down 1.4% Tuesday.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.9%.TotalEnergies (TTE) stock was up more than 1.3% before market open after Bloomberg News reported that TotalEnergies-backed NEO Next+ is among potential suitors considering buying BP's (BP) North Sea operations, the news outlet quoted people familiar with the matter as saying.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was 1.1% lower, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.9% higher.HSBC Holdings (HSBC) shares were down 1.2% in early-hours activity after the company reported it is shutting down its transaction services operations in Germany, leading to more than 300 job cuts, Reuters reported Wednesday, citing a company spokesperson.CommoditiesFront-month US West Texas Intermediate crude oil rose by 2.8% to $95.66 per barrel on the New York Mercantile Exchange. Natural gas was down 2% at $2.86 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 1.8%, while the United States Natural Gas Fund (UNG) was 1.8% lower.Gold futures for November advanced by 0.1% to $4,446.10 an ounce on the Comex. Silver futures lost by 0.4% to reach $66.77 an ounce. SPDR Gold Shares (GLD) was up by 0.8%, and the iShares Silver Trust (SLV) rose by 0.6%.

Dow JonesNasdaq CompositeS&P 500$AMZN$ASX$BP$HSBC$META

Update: US Equity Futures Fall Pre-Bell as Brent Crude Surpasses $100 per Barrel

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were edging lower pre-bell Wednesday as oil prices continued to rise amid escalating attacks between the US and Iran in the Middle East, with Brent crude futures surpassing $100 per barrel for the first time in over a month.Dow Jones Industrial Average futures were 0.7% lower, S&P 500 futures were down 0.4%, and Nasdaq futures were 0.6% lower.US Central Command said in a post on X Tuesday that it had destroyed five Iranian oil carriers. In response, Iran said it had attacked 10 ships in the Strait of Hormuz, Reuters reported. Iran-backed Houthi forces have also struck four cities in Saudi Arabia, causing fires at oil installations.The US is moving to block some Canadian imports of alcoholic beverages, motorcycles and dairy products in an escalation of the trade war between the two nations after Canada's retaliatory tariffs took effect on Tuesday. The import bans go into effect on Sept. 29.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.9% at $100.78 per barrel and US West Texas Intermediate crude 3% higher at $95.83 per barrel.The Q2 Census Bureau services survey is slated to be released at 10 am ET.In other world markets, Japan's Nikkei closed 0.2% lower, Hong Kong's Hang Seng ended 0.2% lower, and China's Shanghai Composite finished 0.3% higher. Meanwhile, the UK's FTSE 100 was down 1.1%, and Germany's DAX index was 1.7% lower in Europe's early afternoon session.In equities, Meta Platforms (META) shares rose 5.2% after the company said it launched a new personal artificial intelligence agent to help users complete tasks and pursue goals. ASE Technology (ASX) stock was up 1% after the company reported net revenue of 82.25 billion New Taiwan dollars ($2.61 billion) in August, up 45.7% from a year earlier. BP (BP) shares were 1.7% higher after a Bloomberg report that the company has attracted interest from several potential buyers for its North Sea operations.On the losing side, Amazon (AMZN) stock was down 1.5% after a Bloomberg report that the company launched its first sterling bond sale Wednesday, with a four-part offering expected to price later in the day. HSBC (HSBC) shares dropped 1.6% after a Reuters report citing a company spokesperson that the company is shutting down its transaction services operations in Germany, leading to more than 300 job cuts.

Japan10d ago

US Equity Futures Fall Pre-Bell as Brent Crude Surpasses $100 per Barrel

US equity futures were edging lower pre-bell Wednesday as oil prices continued to rise amid escalating attacks between US and Iran in the Middle East, with Brent crude futures surpassing $100 per barrel for the first time in over a month.Dow Jones Industrial Average futures were 0.6% lower, S&P 500 futures were down 0.4%, and Nasdaq futures were 0.5% lower.US Central Command said in a post on X Tuesday that it had destroyed five Iranian oil carriers. In response, Iran said it had attacked 10 ships in the Strait of Hormuz, Reuters reported. Iran-backed Houthi forces have also struck four cities in Saudi Arabia, causing fires at oil installations.The US is moving to block some Canadian imports of alcoholic beverages, motorcycles and dairy products in an escalation of the trade war between the two nations after Canada's retaliatory tariffs took effect on Tuesday. The import bans go into effect on Sept. 29.Oil prices were higher, with front-month global benchmark North Sea Brent crude up nearly 3% at $100.78 per barrel and US West Texas Intermediate crude 2.6% higher at $95.49 per barrel.The Q2 Census Bureau services survey is slated to be released at 10 am ET.

Dow JonesNasdaq CompositeS&P 500$AEO$ASO$AVAV$CASY$CHWY$CNM$COO$SAIL$SIG

US Markets10d ago

Stocks Fall Pre-Bell, Oil Rises After Fresh US-Iran Strikes

US equity futures were tracking in the red on Wednesday while oil prices rose as the US and Iran exchanged a fresh round of strikes.The S&P 500 declined 0.3%, the Dow Jones Industrial Average decreased 0.4%, and the Nasdaq was off 0.5% in premarket activity. The indexes finished Tuesday trading lower for the second consecutive session.The US Central Command said Tuesday its forces destroyed five Iranian crude oil carriers in response to Tehran firing ballistic missiles at a US navy warship. Iran retaliated by launching a barrage of ballistic missiles at a base used by US forces in Jordan, according to several media reports.CENTCOM previously said it struck three Iranian oil tankers over the weekend.West Texas Intermediate crude oil rose 2.3% to $95.13 a barrel, while Brent gained 2.6% to $100.48.President Donald Trump signed five proclamations on Tuesday to ban imports of certain Canadian goods, including some motor vehicles, alcohol and dairy products, effective Sept. 29. In July, the US imposed tariffs of 50% on these products from Canada.Treasury yields were trending upwards, with the two-year rate rising 2.1 basis points to 4.42% and the 10-year rate adding 0.4 basis points to 4.81%.Traders await two key inflation reports later in the week, with data on wholesale prices for August due on Thursday, while the consumer price index for the same month is scheduled to be released on Friday. The reports are expected to serve as crucial data points for the Federal Reserve, which begins its two-day policy meeting next week.Markets are pricing in a 60% probability that the central bank will raise the benchmark lending rate by 25 basis points, with the remaining odds pointing to another Fed pause, according to the CME FedWatch tool.US consumers had mixed views on the inflation trajectory in August, seeing prices hold steady in the short- and long-term but expecting a drop over the next three years, a survey by the Federal Reserve Bank of New York showed Tuesday.Wednesday's thin economic calendar has the weekly mortgage applications bulletin at 7 am ET.SailPoint (SAIL), Chewy (CHWY), Core & Main (CNM), Signet Jewelers (SIG) and Academy Sports and Outdoors (ASO) are set to release their latest financial results before the bell, among others. Cooper Companies (COO), AeroVironment (AVAV) and American Eagle Outfitters (AEO) post their earnings after the markets close.Shares of Casey's General Stores (CASY) dropped 8.9% pre-bell as the convenience store operator's fiscal first-quarter same-store sales growth decelerated year over year.Gold edged down to $4,438 per troy ounce, while bitcoin traded up 0.9% at $79,091.

Oil Prices, Bond Yields Damp Wall Street Pre-Bell; Asia Mixed, Europe Off

Wall Street futures pointed moderately lower pre-bell Wednesday, as rising bond yields and crude oil prices took their toll on market sentiment.In the futures, the S&P 500 fell 0.3%, the Nasdaq declined 0.4% and the Dow Jones was off 0.5%.West Texas Intermediate crude oil traded up 2% at $94.89 a barrel in morning action, while yields on 10-year US Treasuries topped 4.80%.Apple's (AAPL) annual iPhone event is slated for 1 pm ET, with three new models anticipated.Asian exchanges traded mixed overnight, while European bourses tracked lower midday on the continent.On the economic calendar is the Q2 services survey at 10 am ET.In pre-market action, bitcoin traded at $79,086, and spot gold commanded $4,396 an ounce.

Dow JonesNasdaq CompositeS&P 500$AMGN$INTC$NBIS$NVS$PLTR

Update: US Equity Indexes Drop as Houthi Strikes on Saudi Arabia's Energy Infrastructure Lift Crude Oil

(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.)US equity indexes declined as Iran-backed Houthi attacks on Saudi Arabian energy facilities sent crude oil higher, fueling inflation concerns.The Dow Jones Industrial Average dropped 1.2% to 52,786.07, the Nasdaq Composite declined 0.3% to 26,421.41, and the S&P 500 retreated 0.6% to 7,673.52 on Tuesday. Energy and utilities were among the gainers. Healthcare and financials led decliners.Iran's Fars news agency reported an explosion in the southern Jask area of the Islamic Republic, after reports of earlier explosions heard on the country's Kharg Island, Al Jazeera, a Middle Eastern broadcaster, reported.This comes as Yemen's Tehran-backed Houthis attacked energy facilities and cities in US ally Saudi Arabia on Tuesday, wounding more than 70 people and underscoring the risk of the Iran conflict escalating into a wider regional war, Reuters reported.Saudi Arabia said the attacks stopped operations at several energy facilities in the kingdom's south, Bloomberg reported, while noting a pick-up in buying by China, the world's largest importer. The US struck three Iranian tankers on Saturday in response to attacks on two US Navy warships."As we ponder a prolonged conflict, our expectations increasingly shift to a slower recovery in Middle East oil supply," Peter Taylor, head of commodity strategy at Macquarie, said in a note. "In this environment, we would anticipate deficits persisting through [year-end 2026], with the market approximately balanced in 2027."The front-month US West Texas Intermediate crude oil contract jumped 2.8% to $94.05 per barrel, and global benchmark North Sea Brent advanced 2.2% to $99.11 per barrel.Most US Treasury yields rose, with the two-year up 1.7 basis points to 4.40%, amid concern that higher crude oil prices undermine the Federal Reserve's efforts to bring inflation back to its 2% target. The 10-year yield was steady at 4.79%.Gold futures dropped 1.7% to $4,403.4.In company news, Novartis (NVS) sank nearly 14% after the company said its phase 3 Harbor study evaluating delpacibart etedesiran in patients with myotonic dystrophy type 1 failed to meet its primary endpoint of video hand opening time. Amgen's (AMGN) experimental heart drug olpasiran may still show a meaningful reduction in major cardiovascular events, even after Novartis' competing drug failed in a large study, UBS Securities said in a note. Amgen shares slumped 10%, the worst performer on the S&P 500, the Nasdaq, and the Dow.Intel (INTC) is expected to raise personal computer central processing unit prices by another 10% in early October, Digitimes reported, citing supply chain sources. Intel shares jumped 9.1%, among the top gainers on the S&P 500 and the Nasdaq.Palantir Technologies (PLTR) and Nebius Group (NBIS) agreed on a strategic partnership that will give Palantir commercial customers access to Nebius' artificial intelligence-native compute infrastructure and cloud platform, the companies said Tuesday. Nebius shares surged 7.7%, among the biggest Nasdaq outperformers.In economic news, the National Federation of Independent Business' monthly sentiment index fell to 98.7 in August from 99.8 in July, with declines in six of the 10 components, particularly the economic outlook."Uncertainty remains elevated among small business owners as they face a mixed set of challenges with weakened sales, supply chain disruptions, and inflation pressures," said NFIB Chief Economist Bill Dunkelberg. "While expectations for the overall economy dimmed, Main Street owners remain largely positive about the health of their own businesses."

US Markets11d ago

Update: Equities Dip, Oil Jumps as Middle East Tensions Escalate

(Updates with market moves at the end of the day, and other changes, if any.)US stocks fell for a second consecutive session on Tuesday as heightened tensions in the Middle East drove oil prices higher.The Dow Jones Industrial Average closed 1.2% lower at 52,786.07, while the S&P 500 shed 0.6% to 7,673.52. The Nasdaq Composite dipped 0.3% to 26,421.41. US markets were closed Monday for the Labor Day holiday.Most sectors ended in the red, led by healthcare, while energy paced the gainers.West Texas Intermediate crude oil rose 2.4% to $93.71 a barrel in Tuesday late-afternoon trade, having hit a high of $94.73 earlier in the day. Brent crude climbed 1.9% to $98.79, after advancing earlier to reach an intraday peak of $99.46.Yemen's Iran-allied Houthi group struck civilian and economic sites in Saudi Arabia, injuring 73 people, the kingdom's Ministry of Foreign Affairs said Tuesday. The Houthi group targeted Saudi Aramco's facilities across Abha, Najran, and Jazan, Bloomberg News reported, citing the group's military spokesperson.US Central Command said Saturday that its forces targeted three Iranian oil tankers on Saturday in response to Tehran firing ballistic missile at two American Navy warships.Treasury yields were higher, with the two-year rate up 1.7 basis points at 4.4% and the 10-year rate rising 0.8 basis point to 4.79%.US consumers had mixed views on the inflation trajectory in August, seeing prices hold steady in the short- and long-term but expecting a drop over the next three years, a survey by the Federal Reserve Bank of New York showed Tuesday.The August consumer and producer price data for August, due out later this week, could serve as crucial data points for the Federal Open Market Committee, which begins its two-day policy meeting Tuesday next week.Markets are pricing in a 59% probability that the FOMC will raise the benchmark lending rate by 25 basis points on Sept. 16, with the remaining odds pointing to another Fed pause, according to the CME FedWatch tool.In company news, Boston Scientific (BSX) shares fell 5.9% after the medical device maker said it may not be able to meet its own guidance, citing a "material impact" from a recent cybersecurity incident.ABM Industries (ABM) tightened its full-year earnings outlook as the facility services provider's bottom line for the fiscal third quarter topped market estimates. The company's shares jumped 7.6%.S&P 500 companies' second-quarter earnings growth continues to outpace early forecasts as the reporting season draws to a close, Oppenheimer Asset Management said Tuesday.Cloud computing giant Oracle (ORCL) and photoshop maker Adobe (ADBE) are scheduled to report results later in the week.Spot gold dropped 1.1% to $4,357.46 per troy ounce, while silver edged down 0.4% to $66.50 per ounce.

Dow JonesNasdaq CompositeS&P 500$ABM$ADBE$BSX$ORCL

Japan11d ago

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

US equity indexes ended lower Tuesday after an Iran-backed militia group attacked Saudi Arabian energy sites, pushing crude oil and government bond yields higher.* Yemen's Houthis attacked energy facilities and cities in US ally Saudi Arabia on Tuesday, wounding more than 70 people and underscoring the risk of the Iran conflict escalating into a wider regional war, Reuters reported.* Iran's Fars news agency reported an explosion in the southern Jask area of the Islamic Republic, after reports of earlier explosions heard on the country's Kharg Island, Al Jazeera reported.* October West Texas Intermediate crude oil rose $2.19 to settle at $93.67 per barrel, while November Brent crude, the global benchmark, was last seen up $1.77 at $98.77.* Intel (INTC) is expected to raise personal computer central processing unit prices by another 10% in early October, Digitimes reported, citing supply chain sources. Intel shares jumped 9%, among the top gainers on the S&P 500 and Nasdaq.* Amgen's (AMGN) experimental heart drug olpasiran may still show a meaningful reduction in major cardiovascular events, even after Novartis' competing drug failed in a large study, UBS Securities said Monday in a note. Earlier, Novartis (NVS) shares sank nearly 14% after the phase 3 Harbor study failed to meet its phase 3 primary endpoint of video hand opening time. Amgen shares were down about 10%, the worst performer on the Nasdaq and the Dow.

Dow JonesNasdaq CompositeS&P 500$AMGN$INTC

Japan11d ago

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

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes slid as Iran-backed Houthi attacks on Saudi Arabian energy sites pushed crude oil and government bond yields in the United States higher.The Dow Jones Industrial Average dropped 1.1% to 52,853.3, the Nasdaq Composite declined 0.3% to 26,434.4, and the S&P 500 retreated 0.5% to 7,684.5 ahead of Tuesday's close. Energy, utilities and real estate were the trio of gainers. Healthcare and financials led decliners.Iran's Fars news agency reported an explosion in the southern Jask area of the Islamic Republic, after reports of earlier explosions heard on the country's Kharg Island, Al Jazeera, a Middle Eastern broadcaster, reported.This comes as Yemen's Tehran-backed Houthis attacked energy facilities and cities in US ally Saudi Arabia on Tuesday, wounding more than 70 people and underscoring the risk of the Iran conflict escalating into a wider regional war, Reuters reported. Saudi Arabia said the attacks stopped operations at several energy facilities in the kingdom's south, Bloomberg reported, while noting a pick-up in buying by China, the world's largest importer.The front-month US West Texas Intermediate crude oil contract jumped 2.3% to $93.62 per barrel, and global benchmark North Sea Brent advanced 1.6% to $98.54 per barrel.US Treasury yields rose, with the two-year up 1.7 basis points to 4.40% and the 10-year higher by 1.4 basis points to 4.80%.In company news, Novartis (NVS) sank nearly 14% after the company said its phase 3 Harbor study evaluating delpacibart etedesiran in patients with myotonic dystrophy type 1 failed to meet its primary endpoint of video hand opening time. Amgen's (AMGN) experimental heart drug olpasiran may still show a meaningful reduction in major cardiovascular events, even after Novartis' competing drug failed in a large study, UBS Securities said Monday in a report. Shares slumped more than 10%, the worst performer on the S&P 500, the Nasdaq, and the Dow.

Dow JonesNasdaq CompositeS&P 500$AMGN$NVS

US Markets11d ago

Update: Equities Fall Intraday as Traders Track Middle East Developments

(Updates with latest market prices and developments.)US benchmark equity indexes were lower intraday, while oil prices were volatile amid intensifying tensions in the Middle East.The Dow Jones Industrial Average was down 1% at 52,875.1 after midday Tuesday, while the S&P 500 fell 0.3% to 7,692.4. The Nasdaq Composite edged down 0.1% to 26,484.7. The indexes finished Friday's trading session in the red.US markets were closed Monday for the Labor Day holiday.Among sectors, healthcare led the laggards intraday Tuesday, while utilities paced the gainers.West Texas Intermediate crude oil rose 0.7% to $92.09 a barrel, having hit a high of $94.73 earlier in the day. Brent crude edged down 0.1% to $96.90, after advancing earlier to reach an intraday peak of $99.46.Yemen's Iran-allied Houthi group struck civilian and economic sites in Saudi Arabia, injuring 73 people, the kingdom's Ministry of Foreign Affairs said Tuesday. The Houthi group targeted Saudi Aramco's facilities across Abha, Najran, and Jazan, Bloomberg News reported, citing the group's military spokesperson.The attacks were in retaliation to Saudi strikes in northwestern Yemen, BBC reported, citing the Houthis.The US Treasury Department said Tuesday it "sanctioned 36 targets for supporting Iran's aviation sector, which the regime uses to move weapons, personnel, and illicit cargo."Treasury yields were little changed intraday, with the two-year rate at 4.38% and the 10-year rate at 4.79%.In company news, Boston Scientific (BSX) shares fell 4.7% after the medical device maker flagged its inability to meet its third-quarter and full-year financial outlooks, citing a "material impact" from a recent cybersecurity incident.ABM Industries (ABM) tightened its full-year earnings outlook as the facility services provider's bottom line for the fiscal third quarter topped market estimates. The company's shares were up 7.8%.S&P 500 companies' second-quarter earnings growth continues to outpace early forecasts as the reporting season draws to a close, Oppenheimer Asset Management said Tuesday.Cloud computing giant Oracle (ORCL) and Photoshop maker Adobe (ADBE) are scheduled to report results later in the week.Spot gold ticked down 0.2% to $4,393.97 per troy ounce, while silver rose 0.5% to $67.06.

Dow JonesNasdaq CompositeS&P 500$ABM$ADBE$BSX$ORCL

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

Exchange-Traded Funds Mixed, US Equities Fall After Midday

Broad-market exchange-traded funds IWM and IVV eased. Actively traded Invesco QQQ Trust (QQQ) rose 0.2%.US equity indexes declined as a reported attack by Iran-backed militia group on Saudi Arabian energy sites pushed crude oil prices higher.EnergyIShares US Energy ETF (IYE) gained 0.3% and the State Street Energy Select Sector SPDR (XLE) climbed 0.5%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained 0.6%; iShares US Technology ETF (IYW) rose 0.2%, and iShares Expanded Tech Sector ETF (IGM) added 0.5%.The State Street SPDR S&P Semiconductor (XSD) rose 1.7%, while iShares Semiconductor (SOXX) advanced 2%.FinancialThe State Street Financial Select Sector SPDR (XLF) slipped 1%. Direxion Daily Financial Bull 3X Shares (FAS) declined 2.8%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), advanced 3.2%.CommoditiesCrude oil increased 0.8%, and the United States Oil Fund (USO) gained 0.9%. Natural gas shed 3.2%, and the United States Natural Gas Fund (UNG) dropped 2%.Gold on Comex fell 0.7%, and the State Street SPDR Gold Shares (GLD) declined 0.9%. Silver advanced 0.5%, and iShares Silver Trust (SLV) rose 0.4%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) shed 0.7%. The Vanguard Consumer Staples ETF (VDC) fell 0.8%, and iShares Dow Jones US Consumer Goods (IYK) eased 0.5%.The State Street Consumer Discretionary Select Sector SPDR (XLY) lost 0.5%. The VanEck Retail ETF (RTH) fell 1.3%, and the State Street SPDR S&P Retail (XRT) dropped 2.3%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) fell 2.2%; iShares US Healthcare (IYH) dropped 2.1% and Vanguard Health Care ETF (VHT) declined 1.8%, while iShares Biotechnology ETF (IBB) shed 1.7%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) was little changed. The Vanguard Industrials Index Fund (VIS) gained 0.2% and iShares US Industrials (IYJ) dropped 0.4%.CryptocurrencyIn midday activity, bitcoin (BTC-USD) fell 0.4%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) lost 1.4%, ProShares Ether ETF (EETH) advanced 1.8%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) slipped 1.4%.

Dow JonesNasdaq CompositeS&P 500$INTC$NBIS$NVS$PLTR

Update: US Equity Indexes Fall as Strikes on Saudi Arabian Energy Sites Send Crude Oil Higher

(Updates with index/price moves, comments and company/geopolitical news from the first paragraph.)US equity indexes declined as an Iran-backed militia group's attack on Saudi Arabian energy sites pushed crude oil prices higher.The Nasdaq Composite declined 0.2% to 26,455.1, the S&P 500 retreated 0.4% to 7,688.2, and the Dow Jones Industrial Average dropped 1.1% to 52,839.5 after midday Tuesday.Energy and utilities were among a trio of gainers intraday. Healthcare and financials led decliners.Yemen's Tehran-backed Houthis attacked energy facilities and cities in US ally Saudi Arabia on Tuesday, wounding more than 70 people and underscoring the risk of the Iran conflict escalating into a wider regional war, Reuters reported. Saudi Arabia said the attacks stopped operations at several energy facilities in the kingdom's south, Bloomberg reported, while noting a pick-up in buying by China, the world's largest importer.The front-month US West Texas Intermediate crude oil contract climbed 0.7% to $92.11 per barrel, and global benchmark North Sea Brent advanced 0.3% to $97.27 per barrel, off session highs of more than 1% each."As we ponder a prolonged conflict, our expectations increasingly shift to a slower recovery in Middle East oil supply," Peter Taylor, head of commodity strategy at Macquarie, said in a note. "In this environment, we would anticipate deficits persisting through [year-end 2026], with the market approximately balanced in 2027."US Treasury yields rose, with the two-year up 1.5 basis points to 4.39% and the 10-year higher by 1.4 basis points to 4.80%.Gold futures fell 1.1% to $4,428.1.In company news, Intel (INTC) is expected to raise personal computer central processing unit prices by another 10% in early October, Digitimes reported, citing supply chain sources. Intel shares jumped 9%, among the top gainers on the S&P 500 and the Nasdaq.Palantir Technologies (PLTR) and Nebius Group (NBIS) agreed on a strategic partnership that will give Palantir commercial customers access to Nebius' artificial intelligence-native compute infrastructure and cloud platform, the companies said Tuesday. Nebius surged 10%, among the biggest Nasdaq outperformers.Novartis (NVS) sank 13% after the company said its phase 3 Harbor study evaluating delpacibart etedesiran in patients with myotonic dystrophy type 1 failed to meet its primary endpoint of video hand opening time.Canadian tariffs announced after trade talks with the US collapsed last month took effect on Tuesday and range from 15% to 50%, impacting hundreds of US products, including dairy, agricultural equipment, paper, household appliances and electronics.

Japan11d ago

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

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes fell as crude oil jumped after an Iran-backed militia group hit energy sites in Saudi Arabia, one of the world's largest oil exporters.The Nasdaq Composite declined 0.2% to 26,472.3, the S&P 500 retreated 0.3% to 7,693.4, and the Dow Jones Industrial Average dropped 1% to 52,865.6 after midday Tuesday.Energy and utilities topped gainers intraday, while healthcare, financials and consumer staples led decliners.Yemen's Tehran-backed Houthis attacked energy facilities and cities in US ally Saudi Arabia on Tuesday, wounding more than 70 people and underscoring the risk of the Iran conflict escalating into a wider regional war, Reuters reported. Saudi Arabia said the attacks stopped operations at several energy facilities in the kingdom's south, Bloomberg reported while noting a pick-up in buying by China, the world's largest importer.The front-month US West Texas Intermediate crude oil contract climbed 1.7% to $93.07 per barrel, and global benchmark North Sea Brent advanced 1% to $97.99 per barrel.Gold futures fell 0.8% to $4,439.9, and silver futures declined 1.5% to $66.65.

Dow JonesNasdaq CompositeS&P 500$BE$FAS$FAZ$FCNCA$GIS$GLD$IBB$IGM$IONQ$IYE$IYH$IYJ$IYK$IYW$PHVS$QQQ$RTH$SEI$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Tuesday Amid Rising Oil Prices

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.1% and the actively traded Invesco QQQ Trust (QQQ) was 0.2% higher in Tuesday's premarket activity amid rising oil prices.US stock futures were also mixed, with S&P 500 Index futures down 0.2%, Dow Jones Industrial Average futures slipping 0.8%, and Nasdaq futures advancing 0.1% before the start of regular trading.The National Federation of Independent Business' monthly Small Business Optimism Index fell to a reading of 98.7 in August from 99.8 in July and was below a 100.8 reading a year ago.The New York Fed's inflation expectations report for August will be released at 11 am ET.The July consumer credit data is slated for a 3 pm ET release.In premarket activity, bitcoin was down by 1.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 2.1% lower, Ether ETF (EETH) advanced 0.4%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 1.1%, the Vanguard Health Care Index Fund (VHT) was down 0.8%, while the iShares US Healthcare ETF (IYH) slipped 0.5%. The iShares Biotechnology ETF (IBB) was 1% lower.Pharvaris (PHVS) stock was up more than 16% premarket after the company said that a global phase 3 study of deucrictibant extended-release tablets met the primary endpoint of reducing the mean monthly attack rate by 83%, compared with placebo, in people with hereditary angioedema.Winners and Losers:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated 0.2%, while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.Bloom Energy (BE) was up 6% premarket, after a 7.4% increase in Friday's session. The company will join the S&P 500, effective Sept. 21, S&P Dow Jones Indices said Friday.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 0.6%, the iShares US Technology ETF (IYW) and the iShares Expanded Tech Sector ETF (IGM) were inactive. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was inactive, while the iShares Semiconductor ETF (SOXX) rose by 1.7%.IonQ (IONQ) shares were up 6% after the company raised its 2026 revenue outlook to a range of $450 million to $460 million, up from $280 million to $290 million anticipated previously, reflecting contributions from SkyWater Technology following its acquisition on July 31.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 1%.Solaris Energy Infrastructure (SEI) stock was 6% higher after the company raised its guidance for Q3 and Q4 adjusted earnings before interest, taxes, depreciation and amortization.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was down 0.3%, 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) lost 0.7%. The VanEck Retail ETF (RTH) and the State Street SPDR S&P Retail ETF (XRT) were inactive.General Mills (GIS) shares were up more than 1% pre-bell after the company reaffirmed its fiscal 2027 financial guidance.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.7%. Direxion Daily Financial Bull 3X Shares (FAS) was down 2.1%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 2.1% higher.First Citizens BancShares (FCNCA) shares were up 1% in early-hours activity after the company said it converted 138 bank branches that it acquired from Bank of Montreal (BMO).CommoditiesFront-month US West Texas Intermediate crude oil was up by 2.1% at $93.43 per barrel on the New York Mercantile Exchange. Natural gas was 0.5% lower at $2.96 per 1 million British Thermal Units. The United States Oil Fund (USO) rose 2%, while the United States Natural Gas Fund (UNG) advanced 0.6%.Gold futures for November were down by 0.7% at $4,446.90 an ounce on the Comex. Silver futures advanced 0.2% to $66.85 an ounce. SPDR Gold Shares (GLD) decreased 0.8%, and the iShares Silver Trust (SLV) was flat.