S&P 500 Falls to 1-Month Low
2026-09-10 13:34
By
Andre Joaquim
1 min. read
US stocks fell further as a surge in oil and fuel prices lifted Treasury yields and dented margins for the corporate sector.
The S&P 500 fell 0.6%, the Dow dropped 0.4%, and the Nasdaq 100 lost 1.3%.
Producer prices jumped 0.4% from the previous month in August as the war in Iran lifted wholesale energy prices.
Oil and fuel benchmarks have gained further since the start of September on fresh escalation in the war and the increase in buying from Asia, adding to pressure on equities amid the possibility of a Federal Reserve rate hike next week.
Chip producers fell amid their exposure to surging long-dated credit costs, with Marvell, Intel, and Lam Research down 3%.
Nvidia dropped 1% and Oracle fell 1.5% ahead of its earnings after the bell.
Meanwhile, Apple inched higher to pare yesterday's losses after it announced the release of a series of new products, including the foldable iPhone Duo.