US Stocks Pull Back

2026-08-31 13:36 By Andre Joaquim 1 min. read

US stock indices fell on Monday as higher oil prices added to inflation risks and consolidated concerns of an incoming rate hike by the Federal Reserve.

The S&P 500, Nasdaq 100, and Dow fell over 0.5%.

Wholesale prices for oil and products gained traction after the US and Iran delivered fresh strikes against each other.

The developments followed their respective signals of blockades for tankers and vessels in the Persian Gulf, prolonging the suspension of exports from the region.

Yields across the curve rose and equities for credit-sensitive sectors were under pressure.

Microsoft, Alphabet, and Amazon dropped more than 1%.

Banks and credit providers also dropped with Citi, Morgan Stanley, and Amex losing 1%.

Meanwhile, Nvidia was flat after announcing a $3.5 billion stake in MediaTek, increasing its net of exposure in the global chip production and AI infrastructure.

The S&P 500 gained 2.5% on August, while the Nasdaq 100 jumped 3.8% and the Dow rose 1.4%.



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US Stocks Pull Back
US stock indices fell on Monday as higher oil prices added to inflation risks and consolidated concerns of an incoming rate hike by the Federal Reserve. The S&P 500, Nasdaq 100, and Dow fell over 0.5%. Wholesale prices for oil and products gained traction after the US and Iran delivered fresh strikes against each other. The developments followed their respective signals of blockades for tankers and vessels in the Persian Gulf, prolonging the suspension of exports from the region. Yields across the curve rose and equities for credit-sensitive sectors were under pressure. Microsoft, Alphabet, and Amazon dropped more than 1%. Banks and credit providers also dropped with Citi, Morgan Stanley, and Amex losing 1%. Meanwhile, Nvidia was flat after announcing a $3.5 billion stake in MediaTek, increasing its net of exposure in the global chip production and AI infrastructure. The S&P 500 gained 2.5% on August, while the Nasdaq 100 jumped 3.8% and the Dow rose 1.4%.
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