Dow Rises 0.4% as Brent Tops $95 and Iran War Revives Inflation Fears
Updated
Updated · Yahoo Finance · Sep 2
Dow Rises 0.4% as Brent Tops $95 and Iran War Revives Inflation Fears
3 articles · Updated · Yahoo Finance · Sep 2
Summary
US stocks were mixed Wednesday, with the Dow up 0.4% while the S&P 500 and Nasdaq hovered near flat after Tuesday’s selloff.
Brent crude climbed above $95 a barrel as the US-Iran war intensified, reviving inflation worries and keeping Treasury yields elevated at 4.79% for the 10-year and 5.27% for the 30-year.
ADP reported just 38,000 private-sector jobs added in August, below the 47,000 expected, giving markets a softer read on labor ahead of Friday’s monthly payrolls report.
Canada trade tensions also stayed in view after Prime Minister Mark Carney said talks could resume when Washington gets serious, even as Treasury Secretary Scott Bessent denied the US is in a trade war.