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Rose with other US benchmarks as a US-Iran peace framework to reopen the Strait of Hormuz pushed crude oil prices lower.

Commodities

Exchange-Traded Funds Lower, Equity Futures Mixed Pre-Bell Thursday Amid Producer Price Inflation Data Release

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 Thursday's premarket activity amid the release of producer-price inflation data.US stock futures were mixed, with S&P 500 Index futures down 0.1%, Dow Jones Industrial Average futures gaining 0.1%, and Nasdaq futures slipping 0.6% before the start of regular trading.The US Producer Price Index rose 0.4% in August, as expected in a survey compiled by Bloomberg, following a 0.1% gain in July.Initial jobless claims fell to 206,000 in the week ended Sept. 5 from 207,000 in the previous week, compared with expectations for a drop to 205,000.The existing home sales report for August and wholesale inventory data for July will be released at 10 am ET.Weekly natural gas stocks will be released at 10:30 am ET.In premarket activity, bitcoin was down by 0.6%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.7% lower, Ether ETF (EETH) retreated 0.1%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 1%, the iShares US Technology ETF (IYW) was 0.4% lower, and the iShares Expanded Tech Sector ETF (IGM) was inactive. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was inactive, while the iShares Semiconductor ETF (SOXX) fell 2.1%.Navan (NAVN) shares were down 15% following the company's fiscal Q2 results and acquisition of events platform BoomPop.Winners and Losers:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) was flat. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.9%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1% lower.Hagerty (HGTY) shares were down 8% in early-hours activity after the company priced an upsized secondary offering by a selling shareholder of about 9.3 million Class A common shares at $11.95 apiece.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 1.3%.Centrus Energy (LEU) stock was down more than 7%, a day after the company priced a public offering of its securities for expected gross proceeds of about $500 million.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.3%, the Vanguard Health Care Index Fund (VHT) was up 0.1%, while the iShares US Healthcare ETF (IYH) was inactive. The iShares Biotechnology ETF (IBB) retreated 0.2%.Axogen (AXGN) stock was down more than 4% premarket after the company said it has agreed to acquire privately held medical device company BioCircuit Technologies and priced a $208.7 million public offering of about 4.9 million shares.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 0.3%. The VanEck Retail ETF (RTH) was down 0.4%, while the State Street SPDR S&P Retail ETF (XRT) was 0.3% lower.Macy's (M) shares were down more than 4% pre-bell after the company said it expects an adjusted loss for fiscal Q3.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) was flat, while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.SpaceX (SPCX) shares were retreating marginally by 0.6% before the opening bell. Reuters reported Thursday, citing disclosures it received in response to a freedom of information request, that the company has received about $40 million from the UK government in exchange for its satellite services.CommoditiesFront-month US West Texas Intermediate crude oil was up by 3.8% at $99.65 per barrel on the New York Mercantile Exchange. Natural gas was 1.2% lower at $2.79 per 1 million British Thermal Units. The United States Oil Fund (USO) rose 2.7%, while the United States Natural Gas Fund (UNG) retreated 1.1%.Gold futures for November were down by 1.3% at $4,404.60 an ounce on the Comex. Silver futures fell 4.4% to $65.63 an ounce. SPDR Gold Shares (GLD) decreased 1.6%, and the iShares Silver Trust (SLV) was 4.9% lower.

Dow JonesNasdaq CompositeS&P 500$AXGN$FAS$FAZ$GLD$HGTY$IBB$IGM$IYE$IYH$IYJ$IYK$IYW$LEU$M$NAVN$QQQ$RTH$SLV$SOXX$SPCX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Asia Markets

Update: US Equity Futures Lower Pre-Bell Thursday as Traders Assess Inflation Data Amid Higher Oil Prices

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were edging lower pre-bell Thursday as traders assessed the first of two key inflation reports this week and observed oil prices continuing to ascend, with Brent crude futures exceeding $105 per barrel.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were down 0.4%, and Nasdaq futures were 1% lower.President Donald Trump said that he expects the war with Iran to end after the November US midterm elections, according to media reports. He told reporters Wednesday that Iran was trying to influence the elections.Traders digested the latest round of earnings, with Macy's (M) posting higher fiscal Q2 adjusted earnings and revenue.Oracle (ORCL) is expected to report its fiscal Q1 earnings after the market closes. Analysts polled by FactSet expect earnings of $1.74 per share on revenue of $19.14 billion.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 4.4% at $105.67 per barrel and US West Texas Intermediate crude 4.8% higher at $100.66 per barrel.The US Producer Price Index, a measure of wholesale inflation released at 8:30 am ET, rose 0.4% in August as expected in a survey compiled by Bloomberg, and following a 0.1% gain in July. The consumer price index follows on Friday.Initial jobless claims fell to 206,000 in the week ended Sept. 5 from 207,000 in the previous week, compared with expectations for a drop to 205,000.The existing home sales report, scheduled for release at 10 am ET, is expected to show a decrease of 1.7% for August after a 1.7% drop in the prior month.In other world markets, Japan's Nikkei closed 0.2% higher, Hong Kong's Hang Seng ended 1.3% lower, and China's Shanghai Composite finished 0.4% lower. Meanwhile, the UK's FTSE 100 was down 0.6%, and Germany's DAX index was 0.2% lower in Europe's early afternoon session.In equities, Macy's stock fell 4% after the company reported its fiscal Q2 financial results. HSBC (HSBC) shares dropped 1.9% after the company said that Pam Kaur plans to step down as chief financial officer and executive director next year. UBS (UBS) stock was down 1.8% after a Reuters report that the company plans to cease its fund sales unit in China at the end of September.On the winning side, Exxon Mobil (XOM) and ConocoPhillips (COP) shares were up 1.9% and 2.3%, respectively, as part of a broader upswing in energy-related stocks.

Dow JonesNasdaq CompositeS&P 500$COP$HSBC$M$ORCL$UBS$XOM
Japan

US Equity Futures Mixed Pre-Bell Thursday as Traders Await Inflation Data Amid Higher Oil Prices

US equity futures were mixed pre-bell Thursday as traders awaited the first of two key inflation reports this week and observed oil prices continuing to ascend, with Brent crude futures exceeding $103 per barrel.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were down 0.1%, and Nasdaq futures were 0.6% lower.President Donald Trump said that he expects the war with Iran to end after the November US midterm elections, according to media reports. He told reporters Wednesday that Iran was trying to influence the elections.Traders digested the latest round of earnings, with Macy's (M) posting higher fiscal Q2 adjusted earnings and revenue.Oracle (ORCL) is expected to report its fiscal Q1 earnings after the market closes. Analysts polled by FactSet expect earnings of $1.74 per share on revenue of $19.14 billion.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 2.7% at $103.95 per barrel and US West Texas Intermediate crude 3.1% higher at $99.17 per barrel.The August Producer Price Index, a measure of wholesale inflation, is scheduled for release at 8:30 am ET. The consumer price index follows on Friday.The weekly jobless claims bulletin is expected at 8:30 am ET, while the existing home sales report is slated for 10 am ET.

Dow JonesNasdaq CompositeS&P 500$M$ORCL
Stocks Mostly Up Pre-Bell Ahead of Producer Prices Report
US Markets

Stocks Mostly Up Pre-Bell Ahead of Producer Prices Report

The main US stock measures were mostly pointing higher in Thursday's premarket activity as traders await last month's wholesale inflation data.The S&P 500 edged up 0.1%, and the Dow Jones Industrial Average increased 0.2% before the opening bell, while the Nasdaq was down 0.2%. The indexes closed Wednesday trading in the red for the third consecutive session.Last month's producer price index, a measure of wholesale prices, is scheduled to be released at 8:30 am ET. Official data is expected to show that producer prices rose 0.4% and 5.3% in August on sequential and annual bases, respectively, according to a Bloomberg-compiled consensus.The consumer price index for August is scheduled for release on Friday.Federal Reserve Chair Kevin Warsh said late last month that the central bank should focus on its price stability mandate, in what came across as hawkish remarks amid concerns among other Fed officials over elevated inflation."Rising oil prices raise the risk of further inflationary pressures coming down the pipeline, increasing the argument for the (Federal Reserve) to act sooner than later," Stifel Chief Economist Lindsey Piegza said Wednesday in a report e-mailed to.Markets are pricing in a 61% probability that the Fed will raise the benchmark lending rate by 25 basis points, according to the CME FedWatch tool.Treasury yields were trending upwards, with the two-year rate rising 1.3 basis points to 4.44% and the 10-year rate adding 1.9 basis points to 4.86%.On Wednesday, the US Treasury Department disclosed a plan to repurchase up to $6 billion in longer-term government bonds, triple the amount initially outlined to investors. Last month, the Treasury announced it was upsizing its liquidity support buyback operations for longer-dated securities by "at least double" to $4 billion per operation.West Texas Intermediate crude oil rose 1.5% to $97.52 a barrel, while Brent moved up 1% to $102.18.President Donald Trump warned Iran against activity at a suspected nuclear site on Pickaxe Mountain, CNBC reported. "We notice there's a little activity at Pickaxe," Trump reportedly said Wednesday. "I would advise Iran not to get cute because we will have to hit them very hard."Iran reportedly said Wednesday it attacked 10 ships near the Strait of Hormuz. The attacks followed American forces destroying five Iranian crude oil carriers in response to Tehran firing ballistic missiles at a US navy warship.Trump's top administration advisers have raised privately the prospect of the Iran war dragging on through the remainder of his term, The Wall Street Journal reported.Thursday's economic calendar also has the weekly jobless claims bulletin at 8:30 am, followed by the existing home sales report for August at 10 am. The weekly EIA domestic petroleum inventories report is out at 12 pm.Shares of Apple (AAPL) gained 1.2% pre-bell as the technology giant unveiled its first foldable smartphone on Wednesday. Meta Platforms (META) added 1.3% after finishing the previous trading session up 6.6%.AeroVironment (AVAV) spiked 6.5% while American Eagle Outfitters (AEO) dropped 12% after reporting their latest financial results.Oracle (ORCL), Adobe (ADBE), Copart (CPRT) and RH (RH) are expected to release their quarterly earnings after the markets close. Macy's (M) posts its results before the bell.Gold nudged down 0.5% to $4,438 per troy ounce, while bitcoin dipped 0.6% to $77,915.

Dow JonesNasdaq CompositeS&P 500$AAPL$ADBE$AEO$AVAV$CPRT$M$META$ORCL$RH
Asia Markets

Oil, Bond Yields Cap Wall Street Pre-Bell; Asia, Europe Off

Wall Street futures pointed unevenly sideways pre-bell Thursday as traders weighed Persian Gulf turmoil, rising bond yields and crude oil prices.In the futures, the S&P 500 rose 0.1%, the Nasdaq declined 0.2% and the Dow Jones was up 0.2%.West Texas Intermediate crude oil futures traded up 1.2% at $97.23 a barrel, while 10-year US Treasuries offered 4.86% in morning action.The VanEck Semiconductor fund (SMH) traded down 0.7% pre-bell.Investors also await the producer price index (PPI) report for August from Washington at 8:30 am ET, for insights into how energy bills are hitting manufacturers and others.Asian exchanges traded mostly lower overnight, while European bourses edged mostly south midday on the continent.Oracle (ORCL) and Adobe (ADBE) plan to report earnings after-bell, among others.On the economic calendar, in addition to the producer price bulletin, is the weekly jobless claims report at 8:30 am ET.The existing home sales bulletin logs at 10 am, followed by the weeklyEIA natural gas report at 10:30 am.The weekly EIA petroleum status report files at 12 pm.In pre-market action, bitcoin traded at $77,883, while spot gold commanded $4,384 an ounce.

Dow JonesNasdaq CompositeS&P 500
Asia Markets

Update: US Equity Indexes Fall as Treasury Yields Rise After Bessent Triples Size of Buyback Program, Worsening Iran War Sends Brent Crude Above $100

(Updates with index/price moves, macroeconomic data, comments, and company/geopolitical news from the first paragraph.)US equity indexes slid as government bond yields jumped after the Treasury Department unveiled plans to triple government debt buybacks to as much as $6 billion and after Brent crude oil futures surpassed $100 a barrel.The Nasdaq Composite declined 0.6% to 26,253.34, the S&P 500 retreated 0.5% to 7,636.36, and the Dow Jones Industrial Average dropped 0.8% to 52,380.66 on Wednesday. All sectors except energy fell, with consumer discretionary, real estate, industrials and utilities among the steepest decliners.Iran is ready for a more intense war and will escalate counterstrikes if the US continues attacking its territory and infrastructure, Bloomberg reported, citing a senior official from the Islamic Republic. Tehran has no intention of backing down in the face of an American naval blockade and attacks on its oil tankers, the official told the news outlet.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 it attacked 10 ships near the Strait of Hormuz after the US sank five of Tehran's 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 3.6% to $96.39 per barrel, and global benchmark North Sea Brent soared 3.5% to $101.34 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 saying the department would at least double the normal amount for already issued securities.As longer-maturity bond yields rise, governments are taking steps to adjust issuance of longer-dated securities, according to Goldman Sachs. The US Treasury said last month it plans to increase buybacks of Treasuries with a maturity of 10 years or more, reducing the maturity profile of US debt stock. Shorter-maturity issuance will finance the buybacks."It's an effective reduction in the average maturity of issuance," Goldman's George Cole, head of European rates strategy, said in a webinar. "That in and of itself isn't sufficient to change the yield level."Most US Treasury yields rose, with the 10-year yield up 3.7 basis points to 4.84%, close to its highest since late 2023.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 6.6%, 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 14%, 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.Gold futures were steady at $4,442.4, and silver futures jumped 1.3% to $67.87.

Dow JonesNasdaq CompositeS&P 500$CASY$META
Update: Wall Street Extends Losing Streak to Third Day Amid Middle East Tensions
US Markets

Update: Wall Street Extends Losing Streak to Third Day Amid Middle East Tensions

(Updates with market moves at the end of the day, and other changes, if any.)US stocks fell for the third straight session on Wednesday as heightened Middle East tensions sent oil prices higher, fanning inflation fears ahead of next week's Federal Reserve policy meeting.The Dow Jones Industrial Average closed 0.8% lower at 52,380.66, while the Nasdaq Composite shed 0.6% to 26,253.34. The S&P 500 dropped 0.5% to 7,636.36.Except energy, all sectors ended in the red, led by industrials.Global oil price benchmark Brent was up 3.6% at $101.45 a barrel in Wednesday late-afternoon trade, breaching the $100 threshold for the first time since late July. West Texas Intermediate climbed 3.9% to $96.64.Iran said Wednesday it attacked 10 ships near the Strait of Hormuz -- a key crude and energy chokepoint, Reuters reported. Tehran reportedly launched ballistic missiles at a base used by US forces in Jordan.That followed American forces destroying five Iranian crude oil carriers in response to Tehran firing ballistic missiles at a US navy warship, the US Central Command said Tuesday.Yemen's Iran-allied Houthi group said Wednesday that Saudi-backed forces launched airstrikes overnight across four Yemeni provinces, the Associated Press reported. The Houthis previously struck civilian and economic sites in Saudi Arabia on Tuesday, including Saudi Aramco's facilities."Together, these developments point to continued supply tightness and an elevated risk of further price gains," Saxo Bank said Wednesday in a report.The average diesel price in the US hit a fresh record high at $5.9424 per gallon, up from Tuesday's $5.9012, according to data from AAA, a travel organization that tracks fuel prices in the world's biggest economy. The regular gas price rose to $4.2245 per gallon from $4.1514.The upward pressure on energy prices comes as markets await a new set of inflation data, with a report on wholesale prices for August due on Thursday, to be followed by consumer inflation numbers for the same month on Friday.Fed Chair Kevin Warsh said late last month that the central bank should focus on its price stability mandate, in what came across as hawkish remarks amid concerns among other Fed officials over elevated inflation."Rising oil prices raise the risk of further inflationary pressures coming down the pipeline, increasing the argument for the (Federal Reserve) to act sooner than later," Stifel Chief Economist Lindsey Piegza said Wednesday in a report e-mailed to.Markets are pricing in a 60% probability that the Fed will raise the benchmark lending rate by 25 basis points at next week's policy meeting, with the remaining odds pointing to another Fed pause, according to the CME FedWatch tool.Treasury yields were higher, with the 10-yield yield up 3.7 basis points at 4.84% and the two-year yield rising 2.9 basis points to 4.43%.The 10-year rate hit the highest level since November 2023 on Wednesday, CNBC reported, even as the US Treasury Department announced a plan to repurchase up to $6 billion in longer-term government bonds, triple the amount initially outlined to investors.Last month, the Treasury announced it was upsizing its liquidity support buyback operations for longer-dated securities by "at least double" to $4 billion per operation.Casey's General Stores (CASY) shares slid 14%, the worst performer on the S&P 500, as the convenience store operator's fiscal first-quarter same-store sales growth missed Wall Street's estimates, even though earnings and revenue topped expectations.Meta Platforms (META) has launched a new personal artificial intelligence agent called Muse AI, which can send emails, book travel plans and continue working after users close the app. Meta shares jumped 6.6%, the second-biggest gain on the S&P 500.Spot gold gained about 1% to $4,397.45 per troy ounce, while silver advanced 1.3% to $67.86 per ounce.

Dow JonesNasdaq CompositeS&P 500$CASY$META
Japan

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

US equity indexes ended lower Wednesday after crude oil climbed and government bond yields rose despite the US Treasury Department's move to triple government debt buybacks to as much as $6 billion.* Iran is prepared for a more intense phase of the war and will increase counterstrikes if the US attacks on its territory and infrastructure continue, Bloomberg reported, citing a senior official from the Islamic Republic.* Redbook US same-store sales last week surged 8.3% from a year earlier after a 9.6% increase in the previous week.* October West Texas Intermediate crude oil rose $3.45 to settle at $96.48 per barrel, while November Brent crude, the global benchmark, was last seen up $3.39 at $101.31.* Casey's General Stores (CASY) shares fell 14%, the steepest drop on the S&P 500, after fiscal Q1 same-store sales growth slowed and missed Wall Street estimates, even though earnings and revenue topped expectations.* Meta Platforms (META) shares rose 6.6%, the second-biggest gain on the S&P, after the company launched a new personal AI agent called Muse AI, which can send emails, book travel plans, and continue working after users close the app.

Dow JonesNasdaq CompositeS&P 500$CASY$META
Japan

Update: US Equity Indexes Drop as Crude Oil Tops $100 Mark, Treasury Yields Surge

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes fell after Brent crude oil futures surpassed $100 a barrel and government bond yields jumped after the Treasury Department unveiled plans to triple government debt buybacks to as much as $6 billion.The Nasdaq Composite declined 0.6% to 26,252.1, the S&P 500 retreated 0.4% to 7,640.2, and the Dow Jones Industrial Average dropped 0.6% to 52,456.9 ahead of Wednesday's close.Iran is ready for a more intense war and will escalate counterstrikes if the US continues attacking its territory and infrastructure, Bloomberg reported, citing a senior official from the Islamic Republic. Tehran has no intention of backing down in the face of an American naval blockade and attacks on its oil tankers, the official told the news outlet. Economic pain may be increasing, they said, but the country's leaders see the war with the US as posing an existential threat that leaves them little choice but to keep fighting.The front-month US West Texas Intermediate crude oil contract surged 3.6% to $96.39 per barrel, and global benchmark North Sea Brent soared 3.5% to $101.34 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 on 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 10-year yield up 3.3 basis points to 4.84%, trading close to its highest since late 2023.

Dow JonesNasdaq CompositeS&P 500
Update: Equities Fall, Brent Tops $100 as Middle East Conflict Escalates
US Markets

Update: Equities Fall, Brent Tops $100 as Middle East Conflict Escalates

(Updates with latest market prices and developments.)US benchmark equity indexes fell intraday as global oil price benchmark Brent broke past $100 per barrel amid heightened tensions in the Middle East.The Nasdaq Composite was down 0.6% at 26,263.1 after midday Wednesday, while the Dow Jones Industrial Average declined 0.5% to 52,518.2. The S&P 500 dropped 0.4% to 7,645.9. The indexes finished Tuesday trading lower for the second consecutive session.Except energy, all sectors were in the red intraday Wednesday, led by utilities and consumer discretionary.Brent crude was up 2.6% at $100.46 a barrel, breaching the $100 threshold for the first time since late July. West Texas Intermediate climbed 2.5% to $95.34.Iran said Wednesday it attacked 10 ships near the Strait of Hormuz -- a key crude and energy chokepoint, Reuters reported. Tehran reportedly launched ballistic missiles at a base used by US forces in Jordan.That followed American forces destroying five Iranian crude oil carriers in response to Tehran firing ballistic missiles at a US navy warship, the US Central Command said Tuesday.Yemen's Iran-allied Houthi group said Wednesday that Saudi-backed forces launched airstrikes overnight across four Yemeni provinces, the Associated Press reported. The Houthis previously struck civilian and economic sites in Saudi Arabia on Tuesday, including Saudi Aramco's facilities."Together, these developments point to continued supply tightness and an elevated risk of further price gains," Saxo Bank said Wednesday in a report.Treasury yields were higher intraday, with the 10-yield yield up 2.9 basis points at 4.83% and the two-year yield rising 2.5 basis points to 4.42%. CNBC reported that the 10-year rate hit the highest level since November 2023 on Wednesday despite the Treasury Department's move to boost its debt buyback plan to up to $6 billion.Last month, the Treasury announced that it would at least double the size of its buybacks for longer-dated Treasuries, to $4 billion per operation.Casey's General Stores (CASY) shares were down nearly 16% intraday, the worst performer on the S&P 500, as the convenience store operator's fiscal first-quarter same-store sales growth missed Wall Street's estimates, even though earnings and revenue topped expectations.Meta Platforms (META) has launched a new personal artificial intelligence agent called Muse AI, which can send emails, book travel plans and continue working after users close the app. Meta shares were up 6%, the second-biggest gain on the S&P 500.Spot gold gained 1.4% to $4,417.29 per troy ounce, while silver advanced 2.8% to $68.89 per ounce.

Dow JonesNasdaq CompositeS&P 500$CASY$META
Asia Markets

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 JonesNasdaq CompositeS&P 500$CASY$META
Asia Markets

Exchange-Traded Funds, US Equities Fall After Midday

Broad-market exchange-traded funds IWM and IVV were lower. Actively traded Invesco QQQ Trust (QQQ) fell 0.3%.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.

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

US Equity Indexes 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
Commodities

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$AGI$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
Asia Markets

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.

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

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

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.

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

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
Asia Markets

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."

Dow JonesNasdaq CompositeS&P 500$AMGN$INTC$NBIS$NVS$PLTR
Update: Equities Dip, Oil Jumps as Middle East Tensions Escalate
US Markets

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

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