Stock Market Update
10-Sep-26 11:35 ET
Oil tops $100 as stocks extend losses
Dow -230.02
at 52150.64,
Nasdaq -117.65
at 26156.74,
S&P -31.34
at 7605.02
[BRIEFING.COM] Stocks are under pressure for the third consecutive session of the holiday-abbreviated week, with the S&P 500 (-0.4%), Nasdaq Composite (-0.4%), and DJIA (-0.4%) holding similar losses just before midday.
The market continues to face oil-driven pressure, with WTI crude oil topping the $100 per barrel mark as an off-ramp to the U.S.-Iran conflict remains elusive. Treasury yields continue to push higher, with the 10-year note yield up nine basis points to 4.92%.
The reaction across stocks is another day of broad weakness, with decliners outpacing advancers by a greater than 2-to-1 ratio on both the NYSE and the Nasdaq, and nine S&P 500 sectors trading lower.
The materials sector (-1.5%) is the worst laggard as precious metal prices decrease today, though the information technology sector (-0.7%) weighs on the major averages as the PHLX Semiconductor Index (-1.9%) retreats after showing resilience in previous sessions this week.
