Stock Market Today: Dow Falls As Oil Prices, Treasury Yields Jump; Nvidia, Micron Shares Slide (Live Coverage)
The Dow, S&P 500, and Nasdaq are declining as Wall Street begins September with losses. Market pressure stems from a sell-off in U.S. government bonds and jumping oil prices. Shares of semiconductor firms Nvidia and Micron are sliding. This downward movement follows a winning August for Wall Street, though stock futures remained little changed immediately following that close. Investors are now awaiting ISM data and earnings reports from Palo Alto Networks.
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- ✓ The Dow, S&P 500, and Nasdaq are set to fall.
- ✓ Oil prices and Treasury yields are increasing.
- ✓ U.S. government bonds are experiencing a sell-off.
- ✓ Nvidia and Micron shares are sliding.
What changed
Oil prices jumped following reports of tanker attacks in the Strait of Hormuz.
Live updates
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Dow and Major Indices Fall as Oil and Treasury Yields Rise
The Dow, S&P 500, and Nasdaq are declining as Wall Street begins September with losses. Market pressure stems from a sell-off in U.S. government bonds and jumping oil prices. Shares of semiconductor firms Nvidia and Micron are sliding. This downward movement follows a winning August for Wall Street, though stock futures remained little changed immediately following that close. Investors are now awaiting ISM data and earnings reports from Palo Alto Networks.
Why it matters
September is historically the worst performing month for the stock market. Current volatility is linked to geopolitical tensions and shifts in bond yields. These factors are weighing on overall investor sentiment.
What is confirmed
- The Dow, S&P 500, and Nasdaq are set to fall.
- Oil prices and Treasury yields are increasing.
- U.S. government bonds are experiencing a sell-off.
- Nvidia and Micron shares are sliding.
- Wall Street closed August with gains.
Still unconfirmed
- Tankers were hit in the Strait of Hormuz.
What to watch next
- Release of ISM data
- Palo Alto Networks earnings report
confidence 90%Sources used for this update (6)
- CNBC — Stock futures are little changed after Wall Street closes out winning August: Live updates
- 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.
- Investing.com — Wall Street points to losses to kick off September, historically the worst month
- Investor's Business Daily — Stock Market Today: Dow Falls As Oil Prices, Treasury Yields Jump; Nvidia, Micron Shares Slide (Live Coverage)
- WOODTV.com — Stocks slip on Wall Street under pressure from rising oil prices, bond sell-off
- www.pbs.org — Stocks slip on Wall Street under pressure from rising oil prices, bond sell-off
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