Dow futures fall 300 points to kick off September as global bond yields rise: Live updates
U.S. stock futures for the Dow, S&P 500, and Nasdaq are falling to start September. This downward pressure stems from a sell-off in U.S. government bonds and rising oil prices. Market sentiment is further strained by reports of tankers being hit in the Strait of Hormuz and escalating violence in the Middle East. These factors have triggered inflation anxiety among investors, offsetting the momentum from a winning August for Wall Street.
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- ✓ Wall Street futures are lower to begin September.
- ✓ U.S. government bonds are experiencing a sell-off.
- ✓ Rising bond yields are weighing on market sentiment.
What changed
Reports of tanker attacks in the Strait of Hormuz and escalating Middle East violence are driving oil prices higher.
Live updates
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Wall Street futures decline as oil and bond yields rise
U.S. stock futures for the Dow, S&P 500, and Nasdaq are falling to start September. This downward pressure stems from a sell-off in U.S. government bonds and rising oil prices. Market sentiment is further strained by reports of tankers being hit in the Strait of Hormuz and escalating violence in the Middle East. These factors have triggered inflation anxiety among investors, offsetting the momentum from a winning August for Wall Street.
Why it matters
September is historically the worst month for the stock market. Current volatility is linked to geopolitical instability in the Middle East affecting energy costs. Rising bond yields typically weigh on equity valuations.
What is confirmed
- Wall Street futures are lower to begin September.
- Oil prices are rising.
- U.S. government bonds are experiencing a sell-off.
- Rising bond yields are weighing on market sentiment.
Still unconfirmed
- Tankers were hit in the Strait of Hormuz.
- Middle East violence is flaring.
What to watch next
- ISM data release
- Palo Alto earnings report
confidence 90%Sources used for this update (9)
- CNBC — Stock futures are little changed after Wall Street closes out winning August: Live updates
- Reuters — Wall St futures kick off September under pressure as yields, oil prices rise
- marketwatch.com — Stock Market Today: Dow, S&P 500 and Nasdaq set to fall as oil jumps on reports of tankers hit in Hormuz; rising bond yields weigh on sentiment; ISM data and Palo Alto earnings on tap.
- Pittsburgh Post-Gazette — U.S. bonds sell off as rising oil prices create inflation anxiety
- Investing.com — Wall Street points to losses to kick off September, historically the worst month
- finance.yahoo.com — Pre-Market Futures Lower to Start September
- Yahoo! Finance Canada — Oil prices rise and stocks slide as Middle East violence flares, adding to uncertainty
- The Globe and Mail — Markets: Bond sell-off heats up as oil prices continue to rise
- www.pbs.org — Stocks slip on Wall Street under pressure from rising oil prices, bond sell-off
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