Stock Market Update
08-Sep-26 10:05 ET
Stocks face broad weakness early
Dow -608.29
at 52805.96,
Nasdaq -130.40
at 26397.64,
S&P -37.22
at 7681.38
[BRIEFING.COM] The S&P 500 (-0.5%), Nasdaq Composite (-0.5%), and DJIA (-1.1%) are lower just after the open, pressured by relatively broad weakness amid an increase in oil prices and relatively quiet corporate news flow.
Crude oil is currently up $1.72 (+1.9%) to $93.19 per barrel following a ramp in hostilities in the Middle East over the weekend that included a Houthi attack on a Saudi energy facility. The energy sector (+1.4%) is the early standout as a result, posting the widest gain of the four S&P 500 sectors that trade higher.
Meanwhile, the health care sector (-1.8%) is the worst laggard, with Amgen (AMGN 403.05, -34.18, -7.82%) the worst -performing S&P 500 component after a Novartis AG (NVS 139.89, -20.10, -12.57%) cholesterol drug trial setback weighs on related names.
The information technology sector (-0.2%) holds a more modest loss as a solid early showing from Intel (INTC 101.00, +5.20, +5.43%) and other semiconductor names offsets considerable weakness elsewhere in the sector.
