Stock Market on Sept. 10, 2026: Dow, S&P 500 and Nasdaq end lower as U.S. oil prices surge to more than $100 a barrel and Treasury yields jump; stocks book 4th straight day of losses
The Dow, S&P 500, and Nasdaq closed lower on September 10, marking their fourth consecutive day of losses. US oil prices jumped to $100 a barrel, and Brent crude rose above $101 after the US destroyed Iranian oil tankers. Market declines were further driven by jumping Treasury yields and producer inflation data that exceeded expectations. These combined factors have increased the likelihood of a September interest rate hike, leaving major indices on track for weekly losses.
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- ✓ The Dow, S&P 500, and Nasdaq closed lower for the fourth straight day.
- ✓ US oil prices surged to $100 a barrel.
- ✓ Brent crude oil rose above $101.
- ✓ Treasury yields increased.
What changed
US military destruction of Iranian oil tankers drove Brent crude above $101 and pushed US oil to $100 a barrel.
Live updates
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US Stocks End Lower as Oil Surges Past $100 Following US Strikes on Iranian Tankers
The Dow, S&P 500, and Nasdaq closed lower on September 10, marking their fourth consecutive day of losses. US oil prices jumped to $100 a barrel, and Brent crude rose above $101 after the US destroyed Iranian oil tankers. Market declines were further driven by jumping Treasury yields and producer inflation data that exceeded expectations. These combined factors have increased the likelihood of a September interest rate hike, leaving major indices on track for weekly losses.
Why it matters
Escalating fighting in the Middle East is driving energy costs higher, with diesel reaching $6 a gallon. This surge in oil prices contributes to inflationary pressure, which influences Federal Reserve decisions on interest rates. Higher yields typically reduce the attractiveness of stocks compared to bonds.
What is confirmed
- The Dow, S&P 500, and Nasdaq closed lower for the fourth straight day.
- US oil prices surged to $100 a barrel.
- Brent crude oil rose above $101.
- Treasury yields increased.
- Oil prices are set to end the week above $100 for the first time in nearly four months.
Still unconfirmed
- Oil prices could exceed $120 as the Middle East conflict escalates.
- Diesel has reached $6 a gallon.
- The US destroyed Iranian oil tankers.
What to watch next
- Oracle earnings report
- Federal Reserve decision on a September rate hike
confidence 90%Sources used for this update (10)
- CNBC — Oil extends gains, with Brent above $101 after U.S. destroys Iranian oil tankers
- The New York Times — Oil Prices Surge as Fighting in Middle East Escalates
- Reuters — Wall St set for lower open after hotter-than-expected producer inflation data
- MarketWatch — Stock Market Today: Dow, S&P 500 and Nasdaq fall as U.S. oil prices surge to $100 a barrel and Treasury yields jump; stocks on track for weekly losses; Oracle earnings on tap
- Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq fall for fourth straight day as bond yields jump, oil stays above $100
- Yahoo Finance — S&P 500, Dow, Nasdaq End Lower As Surging Oil Raises Odds For A September Rate Hike — ORCL, ADBE, M, NVDA, UBER In Focus
- Reuters — Oil prices set to end week over $100 for first time in nearly 4 months
- CNBC — Oil prices set to end week above $100 for first time in nearly 4 months
- The New York Times — Oil Keeps Rising and Diesel Hits $6 a Gallon as Middle East Tensions Mount
- oilprice.com — Oil Prices Could Top $120 as Middle East Conflict Escalates
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