The Dow and Nasdaq both shed triple digits for their third-straight loss
Stocks kicked off September sharply lower, as renewed inflation concerns and elevated oil prices pushed Treasury yields higher, fueling worries about the Federal Reserve’s next policy move. The 10-year Treasury yield climbed to its highest level since January 2025, sending the Dow tumbled 419 points and the Nasdaq down 271 points.
The S&P 500 and small-cap Russell 2000 also finished firmly lower. All four major indexes are now mired in three-day losing streaks, while the Cboe Volatility Index (VIX) rose for the first time in four days.
Continue reading for more on today's market, including:
- Reasons you should avoid Adobe stock this month.
- Why September is a historical month for Intel stock.
- Plus, analyst bets big on DUOL; today's most active options; and HOOD pops.
5 Things to Know Today
- This Dow stock just stepped into September seasonality.
- Don't miss out on giving your input with our Schaeffer's experience survey!
- Analyst more than doubled Duolingo's price-target
- Call traders target surging GoPro stock, among others.
- Robinhood stock builds on August rally with bull note.
Crude Climbs on Renewed Hostilities
Oil prices climbed after U.S. Central Command said American forces were striking targets linked to Iran’s Islamic Revolutionary Guard Corps. Front-month WTI crude jumped 5.5% to settle at $90.22 per barrel.
Meanwhile, gold slid to a two-week low as higher Treasury yields and a stronger U.S. dollar pressured the safe-haven asset. December gold futures fell 2.3% to finish around $4,377.40.