Wall Street ends lower as higher yields, rising oil prices mark shaky start to September

Live updates

1. 11d ago

   Wall Street dips as strong jobs data fuels Federal Reserve rate hike bets

   U.S. stocks closed lower following a strong August jobs report that increased expectations for a Federal Reserve interest rate hike later this month. This decline follows a brief recovery on Thursday when technology stocks rallied and bond yields eased. While Nvidia rose 1.8% after announcing a $13 billion acquisition of the AI platform Hugging Face, the broader market succumbed to hawkish Fed bets. Asian benchmarks initially rose following the Wall Street tech rally but now face volatility as Treasury yields move higher.

   Why it matters

   Investors are balancing the impact of a six-month war between the U.S. and Iran against domestic economic data. Rising oil prices and inflation fears have created a shaky start to September. The Federal Reserve's next move on interest rates remains the primary driver of market sentiment.

   What is confirmed

   • Wall Street closed lower after a strong August jobs report increased expectations of a Federal Reserve rate hike this month.
   • Nvidia rose 1.8% after announcing it would buy the AI platform Hugging Face for $13 billion.

   Still unconfirmed

   • Oil prices ended Thursday little changed after initially ticking higher due to the intensifying U.S. war with Iran.
   • Asian benchmarks mostly rose following a tech-led rally on Wall Street.

   What to watch next

   • The Federal Reserve's official decision on interest rates later this month
   Sources used for this update (5)

   1. www.cnbc.com — Yields are lower even as oil prices rise. Here's what's going on
   2. finance.yahoo.com — Stocks rise on Wall Street as bond yields ease some more, even while oil prices continue to climb
   3. www.theglobeandmail.com — Premarket: Nasdaq, S&P 500 futures climb ahead of key jobs report
   4. apnews.com — Asian benchmarks mostly rise after tech stocks lead rally on Wall Street
   5. virginiabusiness.com — Wall Street ends lower as solid jobs data fuels hawkish Fed bets
   confidence 80%
2. 13d ago

   Wall Street declines as US-Iran tensions drive oil and bond yields higher

   U.S. stocks fell on Thursday, marking a shaky start to September. Market declines coincide with rising oil prices and spiking bond yields driven by escalating violence and fighting between the U.S. and Iran. Investors face continued pressure from inflation and fears of Federal Reserve rate hikes. While Wall Street closed August with gains, the current volatility has extended to Asian markets, which are tumbling in response to the Middle East flare-up. Futures for the Dow, S&P 500, and Nasdaq continue to waver as uncertainty persists.

   Why it matters

   Geopolitical instability in the Middle East typically triggers spikes in energy costs and a flight to safe-haven assets. Rising bond yields often put downward pressure on equity valuations by increasing borrowing costs. The transition from a winning August to a volatile September highlights market sensitivity to inflation and geopolitical shocks.

   What is confirmed

   • U.S. stock futures for the Dow, S&P 500, and Nasdaq have declined.
   • Oil prices and bond yields have risen amid Middle East violence.
   • Asian markets are falling due to the conflict between the U.S. and Iran.
   • Wall Street ended August with gains.

   Still unconfirmed

   • Dell and Credo are big movers following bearish market action.
   • The S&P 500 index rose 0.5% Wednesday.

   What to watch next

   • Further escalation or ceasefire agreements in the U.S.-Iran conflict
   • Federal Reserve announcements regarding interest rate hikes
   • Stabilization of crude oil price volatility
   Sources used for this update (14)

   1. economictimes.indiatimes.com — Dow Jones
   2. Bloomberg.com — Asian Stocks to Fall as Iran Flare-Up Boosts Oil: Markets Wrap
   3. CNBC — Stock futures are little changed after Wall Street closes out winning August: Live updates
   4. WSJ — U.S. Stock Futures Slip Amid Bond Selloff
   5. Reuters — Wall St futures kick off September under pressure as yields, oil prices rise
   6. Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq futures waver as inflation, Fed rate-hike fears persist
   7. AP News — Oil prices rise and stocks slide as Middle East violence flares, adding to uncertainty
   8. WSJ — U.S. Stocks Fall as Oil, Bond Yields Spike, U.S.-Iran War Heats Up
   9. Investor's Business Daily — Futures: Dell, Credo Are Big Movers Late After Bearish Market Action
   10. Yahoo Finance — Dow, S&P 500, Nasdaq Futures Decline As Iran Jitters Spook Markets: DJT, USO, DELL, CRDO Stocks In Focus
   11. CNBC — Stock futures are little changed after Wall Street posts third straight losing day: Live updates
   12. Reuters — Asian markets tumble as US-Iran fighting lifts oil and bond yields
   confidence 90%