US Stocks Slip as Oil Rebounds
2026-08-11 20:18
By
Isabela Couto
1 min. read
US stocks closed lower on Tuesday with the S&P 500 losing 0.3%, the Nasdaq 100 falling 0.3%, and the Dow decreasing 184 points.
Crude oil prices were slightly higher amid conflicting signals over developments in the Middle East, paring earlier losses after Iran reiterated that it would keep the Strait of Hormuz closed until its demands are met.
Treasury yields eased, but credit-sensitive hyperscalers declined, with Alphabet down 3.8%, Oracle losing 3.7%, Amazon shedding 2.1%, and SpaceX falling 3.9%.
Intel (+0.2%) rose its planned stock offering by $5 billion to $20 billion.
Nvidia (-0%) reportedly secured $500 billion in private financing from banks for AI infrastructure, increasing leverage across the sector.
Investors now await Wednesday's CPI report after several FOMC members signaled a possible rate hike next month.
SMCI (+0.4%) and CoreWeave (+2.4%) are scheduled to report after the bell.