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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.

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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
Japan

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

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

Dow JonesNasdaq CompositeS&P 500$AMGN$INTC
Japan

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

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

Dow JonesNasdaq CompositeS&P 500$AMGN$NVS
Update: Equities Fall Intraday as Traders Track Middle East Developments
US Markets

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
Asia Markets

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 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
Asia Markets

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.

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

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

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

Dow JonesNasdaq CompositeS&P 500
Asia Markets

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.

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
Asia Markets

Update: US Equity Futures Mostly Lower as Traders Assess Rising Oil, Canadian Retaliatory Tariffs

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mostly lower pre-bell Tuesday, coming off a three-day weekend as traders assessed rising oil prices and Canada's retaliatory tariffs against the US.Dow Jones Industrial Average futures were 0.7% lower, S&P 500 futures were down 0.2%, and Nasdaq futures were 0.2% higher.Canadian tariffs, which were 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.US President Donald Trump, in a Monday post on Truth Social, called for a boycott of Canadian aerospace manufacturer Bombardier, saying "If they want our Market, they must build here, and stop treating America like a 'piggybank'". In response, the company told CNBC that its workers are based all over the US, with sites in 10 states, while its aircraft are constructed using US-made components.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.1% at $98.04 per barrel and US West Texas Intermediate crude 1.7% higher at $93.01 per barrel.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.In other world markets, Japan's Nikkei closed 1.7% lower, Hong Kong's Hang Seng ended 0.4% lower, and China's Shanghai Composite finished 0.2% higher. Meanwhile, the UK's FTSE 100 was flat, and Germany's DAX index was flat in Europe's early afternoon session.In equities, Taiwan Semiconductor Manufacturing (TSM) and ASML (ASML) shares rose 1.8% and 3.8%, respectively, after the two companies said they are collaborating on a project to move chipmaking to larger numerical aperture extreme ultraviolet masks. Lockheed Martin (LMT) stock was up 1.3% after UBS upgraded the company's stock to buy from neutral and adjusted the price target to $674 From $581. Roivant Sciences (ROIV) shares were more than 20% higher after the company said its Pulmovant unit's phase 2 PHocus study of mosliciguat in patients with pulmonary hypertension associated with interstitial lung disease, or PH-ILD, met its primary and secondary endpoints.On the losing side, Novartis (NVS) stock dropped more than 12% 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. Novo Nordisk (NVO) shares fell 1.8% after a Reuters report on Monday that the company has stopped two additional trials of its experimental cardiovascular drug, ziltivekimab, after an independent committee found a low chance they would produce a different result from an earlier failed study. Boston Scientific (BSX) stock was down 1.4% after the company said it is unlikely to meet its net sales growth and adjusted EPS guidance ranges for the third quarter and full year 2026 after identifying a cybersecurity incident that resulted in a global disruption to its operations.

Dow JonesNasdaq CompositeS&P 500$ASML$BSX$LMT$NVO$NVS$ROIV$TSM
Stocks Mostly Down Pre-Bell Amid Rising Middle East Tensions; Investors Await Key Inflation Data
US Markets

Stocks Mostly Down Pre-Bell Amid Rising Middle East Tensions; Investors Await Key Inflation Data

The benchmark US stock measures were mostly pointing lower before the opening bell Tuesday amid escalating hostilities in the Middle East, while investors await key inflation data later in the week.The S&P 500 fell 0.2%, and the Dow Jones Industrial Average decreased 0.7% in premarket activity, while the Nasdaq edged up 0.1%. The indexes finished Friday's trading session in the red. US markets were closed on Monday for the Labor Day holiday.West Texas Intermediate crude oil rose 2.6% to $93.84 a barrel, while Brent gained 1.6% to $98.50.Saudi Arabia's energy ministry reportedly said operations at certain energy facilities were halted following strikes by the Iran-backed Houthi militants from Yemen that hurt more than 70 people, CNBC reported. A military spokesman for the Houthis said the group attacked Saudi Aramco facilities, according to the report.The US Central Command said Saturday that its forces struck three Iranian crude oil carriers after Iran's Islamic Revolutionary Guard Corps launched ballistic missiles toward two US Navy warships.Iran said its deal with Oman to manage shipping through the Strait of Hormuz is in its final stages and will include a temporary safe route through the crucial waterway, Bloomberg News reported Tuesday.Traders await the consumer price index for August on Friday, while data on wholesale prices for the same month is scheduled to be released on Thursday.Treasury yields were mixed, with the two-year rate retreating 0.6 basis points to 4.37%, while the 10-year rate rose 1.2 basis points to nearly 4.8%.Last week, government data showed that the US economy added 162,000 jobs in August, well above the 55,000 increase expected by Wall Street. The report came as the Federal Reserve weighs labor-market conditions and inflation expectations ahead of its policy meeting next week.Markets are pricing in a 61% probability that the Federal Open Market Committee will raise its benchmark lending rate by 25 basis points at its meeting this month, with the remaining odds pointing to no change, according to the CME FedWatch tool.Shares of Micron Technology (MU) advanced 1.6% pre-bell, while Intel (INTC) climbed 4.3%. Nvidia (NVDA) nudged 0.4% higher, while SanDisk (SNDK) was up 1.9%.ABM Industries (ABM) and United Natural Foods (UNFI) are expected to release their latest financial results before the bell, while Casey's General Stores (CASY) posts its earnings after the markets close.Gold was down 0.6% at $4,447 per troy ounce, while bitcoin declined 0.7% to $78,749.

Dow JonesNasdaq CompositeS&P 500$ABM$CASY$INTC$MU$NVDA$SNDK$UNFI
Japan

US Equity Futures Lower as Traders Assess Rising Oil, Canadian Retaliatory Tariffs

US equity futures were lower pre-bell Tuesday, coming off a three-day weekend as traders assessed rising oil prices and Canada's retaliatory tariffs against the US.Dow Jones Industrial Average futures were 0.8% lower, S&P 500 futures were down 0.3%, and Nasdaq futures were off 0.1%.Canadian tariffs, which were 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.US President Donald Trump, in a Monday post on Truth Social, called for a boycott of Canadian aerospace manufacturer Bombardier, saying "If they want our Market, they must build here, and stop treating America like a 'piggybank'". In response, the company told CNBC that its workers are based all over the US, with sites in 10 states, while its aircraft are constructed using US-made components.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.8% at $98.73 per barrel and US West Texas Intermediate crude 2.7% higher at $93.91 per barrel.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.

Dow JonesNasdaq CompositeS&P 500
Asia Markets

Rising Oil Prices Pressure Wall Street Pre-Bell; Asia Off, Europe Flat

Wall Street futures pointed mixed to the downside pre-bell Tuesday, as traders returned from a three-day weekend to weigh Persian Gulf turmoil and rising oil prices.In futures, the S&P 500 fell 0.3%, while the Nasdaq was up 0.1% and the Dow Jones was down 0.7%.West Texas Intermediate crude oil traded up 2.5% to $93.75 a barrel in morning hours.However, the tech sector showed strength in pre-market action, with the VanEck Semiconductor fund (SMH) gaining 1.2% pre-bell.Investors look ahead this week to the producer price index (PPI) for August on Thursday, and the consumer price index (CPI) for August on Friday, from Washington.Tech benchmarks Oracle (IRCL) and Adobe (ADBE) report earnings on Thursday.Asian exchanges traded mostly lower overnight, while European bourses tracked sideways at midday on the continent.On the economic calendar, the US Small Business Optimism Index fell to 98.7 in August 2026 from 99.8 in July, reported the NFIB.In pre-market action, Bitcoin traded at $78,392 and 10-year US Treasuries offered 4.80%. Spot gold commanded $4,398 an ounce.

Dow JonesNasdaq CompositeS&P 500
Asia Markets

US Equity Investors to Focus on August's Inflation Print as September Fed Rate Increase Probability Remains Elevated

US equity investors are expected to focus on August's inflation data and the Iran war this week as concerns surrounding price pressures heighten while Q2 earnings taper.* Friday's Consumer Price Index is set to rise by 0.4% month-over-month, according to a Scotiabank note late Friday. Core CPI, which excludes the more volatile food and energy prices, likely grew 0.3%.* The producer price index for August will be refreshed the day before CPI, and some of its components will serve as input into expectations for core personal consumption expenditures inflation, along with what is learnt from CPI after adjusting for methodological differences, per the Scotiabank note.* "Notwithstanding recent progress, an upside shock could further tip the balance toward pricing a hike that Chair Warsh's deference to markets would probably find irresistible, whereas another soft reading may not," Derek Holt, head of capital market economics at Scotiabank, said in the note.* The probability of the Federal Reserve raising its target rate by 25 basis points to 3.75%-4.0% in September stood at 60% early Tuesday, up from 44% a month ago, according to the CME FedWatch tool. The remaining likelihood is that policy will remain on hold this month. Last Friday, data from the Bureau of Labor Statistics showed nonfarm payrolls rose by 162,000 in August, compared with a 55,000 increase projected in a Bloomberg-compiled survey. July's tally was revised to show a gain of 21,000 from a 23,000 fall, while June's increase was adjusted upward by 11,000.* 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. Global benchmark North Sea Brent jumped 1.7% to $98.70 per barrel early Tuesday.* Quarterly earnings due this week include Oracle (ORCL), Adobe (ADBE), Copart (CPRT), and Kroger (KR).

Dow JonesNasdaq CompositeS&P 500$ADBE$CPRT$KR$ORCL
Equities

S&P 500 Posts Slight Weekly Gain as Energy Climbs, Consumer Discretionary Weighs

The Standard & Poor's 500 index edged up 0.1% this week as gainers led by the energy sector barely outweighed decliners guided by consumer discretionary stocks.The S&P 500 ended Friday's session at 7,718.60. On Monday, the index concluded August with a 2.6% monthly gain. It's up nearly 13% for the year.August jobs data showed the economy added almost triple the positions expected last month. Nonfarm payrolls rose by 162,000 last month, the Bureau of Labor Statistics said Friday, compared with a 55,000 increase projected in a Bloomberg-compiled survey.Bets rose for a September rate increase by the Federal Reserve's Federal Open Market Committee following the jobs report. As of Friday, markets were pricing in a 58% probability that the FOMC will raise its benchmark lending rate on Sept. 16, up from 49% on Thursday, according to the CME FedWatch tool.The energy sector had the largest percentage gain this week, up 2.3%, followed by a 1.1% rise in technology and a 0.7% increase in utilities. Health care also edged higher.The climb in the energy sector came as crude oil futures also rose on the week. Gainers in the sector included Marathon Petroleum (MPC), up 5.4% on the week, and Valero Energy (VLO), up 5.2%. Both stocks received boosts to their price targets this week from analysts as Piper Sandler and Wells Fargo.Top gainers in the technology sector included Dell Technologies (DELL), which rose 15%. The company's fiscal second-quarter results beat Wall Street's estimates, driven by record artificial intelligence server demand. Dell also lifted its full-year outlook.On the downside, consumer discretionary fell 2.1%, followed by a 1.6% drop in materials, a 1.3% loss in real estate and a 1.1% decline in industrials. Consumer staples, communication services and financials also moved lower.The consumer discretionary sector's decliners were led by Lululemon Athletica (LULU), whose shares shed 17%. The athletic apparel retailer reported weaker-than-expected fiscal Q2 revenue and cut its full-year outlook.The US stock market will be closed on Monday for Labor Day.Oracle (ORCL), Adobe (ADBE), Kroger (KR) and Macy's (M) are among the companies expected to release quarterly results later in the week.Economic data will include the August consumer price index and producer price index.

Dow JonesNasdaq CompositeS&P 500$DELL$LULU$MPC$VLO
Update: Wall Street Wraps Mixed Week in Red Following Strong Jobs Report
US Markets

Update: Wall Street Wraps Mixed Week in Red Following Strong Jobs Report

(Updates with market moves at the end of the day, and other changes, if any.)US stocks fell Friday to cap a mixed week on Wall Street as strong jobs data raised the odds of an interest rate hike later this month.The Dow Jones Industrial Average declined 0.5% to close at 53,414.25, while the S&P 500 dipped 0.4% to 7,718.60. The Nasdaq Composite dropped 0.3% to 26,506.99. Most sectors ended in the red, led by consumer discretionary, while industrials paced the gainers.US markets will be closed on Monday for the Labor Day holiday.This week, the Dow lost 0.3%, while the Nasdaq and the S&P 500 gained 0.4% and 0.1%, respectively.Total nonfarm payrolls rose by 162,000 last month, the Bureau of Labor Statistics said Friday, nearly triple the 55,000 increase projected in a Bloomberg-compiled survey. July's tally was revised to show a gain of 21,000 from a 23,000 fall.The jobs report comes as the Federal Reserve weighs labor market conditions and inflation expectations ahead of its policy meeting later this month. Fed Chair Kevin Warsh said late last month that the US economy was "doing well" on employment, describing inflation numbers as more concerning.Markets are pricing in a 58% probability that the Federal Open Market Committee will raise its benchmark lending rate on Sept. 16, up from 49% on Thursday, according to the CME FedWatch tool."The labor market strength and resilience evident in the August employment report with upward job revisions over the past two months nearly wipe away the narrative of labor market deterioration over the summer," BMO Chief US Economist Scott Anderson said in a note."The report adds important weight to the hawks' argument that inflation may not moderate back toward the Fed's 2% target in a timely manner without at least a nudge up in interest rates to help cool aggregate demand."Fed Governor Christopher Waller said Thursday he would support keeping interest rates steady if further signs of disinflation emerge, though he seemed willing to tighten monetary policy if price pressures intensify.Diesel prices in the US reached an all-time high on Friday amid crude supply disruptions, likely adding to concerns around sticky inflation.Treasury yields were higher, with the two-year rate rising 4.3 basis points to 4.38% and the 10-year rate up 2.2 basis points at 4.78%.West Texas Intermediate crude oil was up 0.1% at $91.37 a barrel in Friday late-afternoon trade, while Brent rose 0.5% to $96. The benchmarks were on track for weekly gains of 9.3% and 8.8%, respectively.In company news, Lululemon (LULU) shares tanked 17%, the worst performer on the S&P 500, as the athletic apparel retailer lowered its full-year outlook amid challenging market dynamics and continued pressure on the brand.UiPath (PATH) slid nearly 17% after the software company released its latest quarterly results late Thursday.Zscaler (ZS) fell 4.5% even as the cloud security company reported fiscal fourth-quarter results above Wall Street's consensus and outlined a strong full-year outlook. The company's guidance is conservative and reflects factors including an expected loss of Red Canary's customers and the competitive artificial intelligence security environment, Oppenheimer said in a note.Adobe (ADBE) slumped 6.7%, among the steepest declines on the S&P 500, after the company named insider Anil Chakravarthy as its next chief executive, succeeding Shantanu Narayen, who will become executive chair. Chakravarthy's appointment could lead to strategic messaging around the company's experience cloud business, RBC Capital Markets said in a note.Bucking the market's downward trend, tech-related stocks rose, with SanDisk (SNDK) up nearly 12%, the biggest gain on the S&P 500. Marvell Technology (MRVL), Micron Technology (MU) and Western Digital (WDC) also advanced.Spot gold was 0.9% lower at $4,431.29 per troy ounce, while silver lost 1.3% to $66.82 per ounce.

Dow JonesNasdaq CompositeS&P 500$ADBE$LULU$MRVL$MU$PATH$SNDK$WDC$ZS
Asia Markets

US Equity Indexes Mixed This Week Amid Rising Expectations of Fed Rate Increase in September

US equity indexes closed mixed this week as government bond yields remained elevated after market expectations for an interest rate increase grew following a robust jobs report.* The S&P 500 closed at 7,718.60 on Friday, up from 7,711.76 a week ago. The Nasdaq Composite stood at about 26,506.99, compared with 26,402.42 a week earlier. The Dow Jones Industrial Average ended at 53,414.25, down from 53,559.99 at the end of last week. Energy, technology and financials topped sector charts this week.* The US 10-year Treasury yield traded at 4.78% late Friday, close to its highest level since January 2025.* Nonfarm payrolls rose by 162,000 in August, compared with a 55,000 increase projected in a Bloomberg-compiled survey. July's tally was revised to show a gain of 21,000 from a 23,000 fall, while June's increase was adjusted upward by 11,000.* Federal Reserve Governor Christopher Waller said he would be "inclined to support" holding rates steady at the next Federal Open Market Committee meeting in September if the August inflation print, due next week, shows progress toward the central bank's 2% goal.* The probability of the Fed raising its target rate by 25 basis points to 3.75%-4.0% in September stood at 60% late Friday, versus 49% a day ago, according to the CME FedWatch tool. The remaining likelihood is that policy will remain on hold. Currently, there is only a 14% likelihood that the target rate will remain at present levels by December.* US forces began striking Islamic Revolutionary Guard Corps targets in Iran on Tuesday following attempted attacks by the IRGC against commercial shipping in the Strait of Hormuz and American service members in the region. The new hostilities follow attacks overnight into Monday, the first exchange in more than a month. The additional strikes led Tehran to attack Jordan, Bahrain, and Kuwait, even though President Donald Trump warned Iran would be "hit much harder" if it retaliated.

Dow JonesNasdaq CompositeS&P 500
Asia Markets

Update: US Equity Indexes Fall as Odds for September Fed Rate Increase Jump After Strong Nonfarm Payrolls

(Updates with index/price moves, comments and company/geopolitical news from the first paragraph.)US equity indexes retreated as markets increasingly priced in an interest rate increase as early as this month after the economy added almost triple the number of jobs expected in August.The Nasdaq Composite fell 0.3% to 26,506.99, the S&P 500 slid 0.4% to 7,718.60, and the Dow Jones Industrial Average backtracked 0.5% to 53,414.25 on Friday. All sectors except industrials, technology and utilities fell. Consumer discretionary, communication services and healthcare were among top decliners.Total nonfarm payrolls rose by 162,000 last month, the Bureau of Labor Statistics said Friday, compared with a 55,000 increase projected in a Bloomberg-compiled survey. July's tally was revised to show a gain of 21,000 from a 23,000 fall, while June's increase was adjusted upward by 11,000."This is the strongest pace of job expansion in five months, punctuated by also being three times greater than expected and the positive upward revisions to prior months," said Thomas Feltmate, senior economist at TD Economics. "On balance, we like the breadth and depth of this jobs report. Markets have taken note too."The probability of the Federal Reserve raising its target rate by 25 basis points to 3.75%-4.0% in September jumped to 58% after midday from 49% a day ago, according to the CME FedWatch tool. The remaining likelihood is that policy will remain on hold."The [Consumer Price Index] for August (next Friday) is likely to be a significant input into the September policy decision," a Macquarie note said. "If this is strong, it will likely solidify a hike this month. In contrast, soft data could lead the [Federal Open Market Committee] to defer a hike to October or December."President Donald Trump called on the Fed to lower interest rates, saying the US economy is a stronger credit than it was previously. In a post on Truth Social, Trump said job growth exceeded estimates and argued that a "strong country means a lower interest rate." Trump urged the Fed to adopt the world's "lowest rate," warning he could halt trade with countries with which the US maintains trade deficits.Most US Treasury yields rose, with the two-year up 4.3 basis points to 4.38%. The 10-year yield advanced 2.2 basis points to 4.78%.Gold futures dropped 1.3% to $4,480.8, and silver futures declined 1.4% to $66.80.In company news, Lululemon Athletica (LULU) reported softer-than-planned fiscal Q2 results and lowered its fiscal 2026 guidance again, prompting a cautious stance on the stock, as the delayed start of incoming CEO Heidi O'Neill leaves the company a "rudderless ship" and risks further competitive disintermediation amid deteriorating macro conditions, Oppenheimer said Friday. Shares sank 17%, the worst performer on the S&P 500.Apple's (AAPL) initial production of its long-awaited foldable iPhone is limited to a few hundred units per day, mainly because of stringent quality-control requirements, Nikkei Asia reported Friday, citing unnamed sources. Shares dropped 2.5%, the Dow's worst performer.US President Donald Trump said he may order strikes on Iran's Pickaxe Mountain, reported to host nuclear facilities, "very soon," Al Jazeera, a Middle Eastern broadcaster, reported.US State Department spokesperson Thomas Pigott said Washington "remains committed" to cutting off Iran's access to the global finance system and preventing Tehran from "threatening" regional stability. The statement comes hours after the Treasury Department added Turkiye's Golden Global Bank to a long list of sanctioned entities it says are working with Iran.The front-month US West Texas Intermediate crude oil contract was little changed at $91.32 per barrel, and global benchmark North Sea Brent rose 0.5% to $96.00 per barrel.

Dow JonesNasdaq CompositeS&P 500$AAPL$LULU
Japan

US Equity Markets End Lower as Expectations Rise for Fed Rate Hike Amid Hot Jobs Data

US equity indexes ended lower Friday after expectations of an interest rate hike increased following an unexpected increase in non-farm payrolls.* Total nonfarm payrolls rose by 162,000 last month, the Bureau of Labor Statistics said Friday, compared with a 55,000 increase projected in a Bloomberg-compiled survey.* The probability of the Fed raising its target rate by 25 basis points to 3.75% to 4.0% in September rose to 58% from 49% a day ago, according to the CME FedWatch tool.* October West Texas Intermediate crude oil rose $0.57 to settle at $91.58 per barrel, while November Brent crude, the global benchmark, was last seen up $0.07 at $95.70.* American Outdoor Brands (AOUT) shares were up roughly 45% after the company swung to a profit and posted higher revenue for fiscal Q1 late Thursday.* Lululemon Athletica (LULU) shares were down nearly 17%, the worst performer on the S&P 500, after the athletic apparel retailer lowered its full-year outlook amid challenging market dynamics and continued pressure on the brand.

Dow JonesNasdaq CompositeS&P 500$AOUT$LULU

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