Stock Market Falls as Oil Nears $100 and Amgen Drags Down Dow
On September 8-9, 2026, U.S. stock markets fell sharply, with the Dow Jones Industrial Average dropping 628 points, as Brent crude oil surged past $100 per barrel for the first time since July. The sell-off was driven by escalating Middle East tensions following attacks on Saudi Arabia, renewed inflation fears, and increased bets on Federal Reserve interest rate hikes. Major indexes including the S&P 500 and Nasdaq also declined, with pharmaceutical stocks like Amgen weighing heavily.
Editorial responsibility
- No named human review is recorded for this page.
- Reports are grouped by semantic similarity and deterministic rules. Language models may assist titles, summaries, translation and cross-source analysis; the page reads the event directly, while its address stays stable when the title changes.
- Summary covers the current reports
Cross-source coverage
Reporting timeline
Stock Indexes Slip After Hot PPI Data; Oil Prices and Treasury Yields Surge
U.S. stock indexes slipped on Thursday after a hotter-than-expected Producer Price Index (PPI) inflation reading, which raised concerns about persistent inflationary pressures. The Dow, S&P 500, and Nasdaq extended losses as bond yields jumped and oil prices surged above $100 per barrel for the first time since May. The rise in oil prices, driven by supply concerns, added to market jitters, dragging Wall Street lower. Treasury yields also surged further, reflecting investor expectations of continued monetary tightening by the Federal Reserve. The combination of elevated inflation data and rising energy costs weighed on investor sentiment, leading to a broad market decline. Multiple financial news outlets, including Investopedia, CNBC, and Yahoo Finance, reported on the market movements, highlighting the impact of the PPI data and oil price spike on equities.
Read sourceWall Street indexes open lower as oil prices surge past US$100 per barrel
On Wednesday, September 9, 2026, major US stock indexes opened lower as oil prices surged past the market-sensitive US$100 per barrel mark for the first time since July. The price increase was attributed to deepening tensions in the Middle East. The Dow Jones Industrial Average fell 78.2 points, or 0.15 percent, at the open to 52,707.9. The S&P 500 dropped 12.8 points, or 0.17 percent, to 7,660.68, while the Nasdaq Composite declined 96.4 points, or 0.36 percent, to 26,325.061. The report, sourced from Reuters and published by The Business Times in Singapore, highlights the immediate negative reaction of equity markets to rising energy costs driven by geopolitical instability.
Read sourceStock Market News: Dow Drops 620 Points, Oil Near $100 Revives Inflation Fears
On September 8, 2026, U.S. stock markets experienced a significant decline, with the Dow Jones Industrial Average falling 620 points, marking its worst day in nearly three weeks. The S&P 500 and Nasdaq also slid as rising oil prices, with Brent crude approaching $100 per barrel, revived inflation worries. The sell-off was driven by concerns that higher energy costs could lead to elevated Federal Reserve rate hike bets, impacting investor sentiment. Major indices ended lower to start a holiday-shortened week, with notable declines in shares of Amgen and Salesforce. The market downturn was broadly attributed to the surge in oil prices and renewed inflation fears, which overshadowed other economic data and corporate developments.
Read sourceShow 3 older updatesHide older updates
Stock futures muted after Dow drops 600 points; Brent crude tops $99 per barrel
U.S. stock futures were little changed on September 8, 2026, following a losing session where the Dow Jones Industrial Average dropped 628 points, marking back-to-back losses. Brent crude oil prices surged above $99 per barrel, approaching the $100 mark, driven by supply concerns and rising demand expectations. The decline in equities was attributed to growing bets on Federal Reserve interest rate hikes and the impact of rising oil prices on inflation and corporate profits. Major indexes ended lower to start a holiday-shortened week, with shares of Amgen and Salesforce falling. Investors remained cautious as oil's march toward $100 added to market uncertainty, with the Fed's monetary policy path in focus. The CNBC article provides live updates on market movements, while other sources like the Wall Street Journal and Investopedia confirm the Dow's significant drop and oil's upward trajectory.
Read sourceDow Drops 628 Points, Oil Nears $100 as Middle East Tensions and Fed Bets Weigh on Markets
On September 8, 2026, U.S. stock markets ended lower to start a holiday-shortened week, with the Dow Jones Industrial Average dropping 628 points. Major indexes fell amid elevated Federal Reserve rate hike expectations and a surge in oil prices driven by escalating Middle East tensions. Brent crude oil approached the $100 per barrel mark, contributing to investor anxiety. Shares of Amgen and Salesforce were among the notable decliners. The market decline occurred ahead of key inflation data releases expected later in the week. Other major indices like the S&P 500 also ended lower, while stock futures showed little change in after-hours trading. The combination of geopolitical risk and monetary policy uncertainty weighed heavily on investor sentiment across sectors.
Read sourceStock Market Falls as Oil Nears $100 and Amgen Drags Down Dow
U.S. stock markets opened lower on a holiday-shortened week, with the Dow Jones Industrial Average falling over 1% and the S&P 500 and Nasdaq also declining. The sell-off was driven by a spike in oil prices, with Brent crude edging toward $100 a barrel following attacks on Saudi Arabia. Additionally, pharmaceutical stocks stumbled, with Amgen weighing heavily on the Dow after disappointing results. Investors are also awaiting key U.S. inflation data later in the week, which could influence Federal Reserve policy. The combination of rising energy costs, geopolitical tensions, and sector-specific weakness led to broad market pullbacks, as reported by multiple financial news outlets including WSJ, MarketWatch, and Investor's Business Daily.