Markets face headwinds from surging energy costs and rising bond yields, though AI-focused chipmakers and Meta Platforms provide a partial offset to the broader market decline.
WTI crude surging >3% to 3.25-month high on Middle East hostilities.
Meta up >6% leading S&P 500 on positive AI assistant reviews.
ServiceTitan down >30% after wider Q2 loss than expected.
Dow Jones ETF falling to 5-week low on inflation and trade war fears.
10-year T-note futures falling as inflation expectations boost yields.
Casy's General Stores down >14% on gross margin miss.
E-mini S&P futures down sharply with rising crude oil and yields.
S&P 500 ETF down on inflation risks and higher bond yields.
Marvell Technology up >5% as chipmakers gain on AI demand.
AMD up >3% along with broader chip sector strength.
Micron Technology up >3% benefiting from AI-infrastructure demand.
Chevron up >1% leading Dow gainers on higher crude oil prices.
Booking Holdings down >4% leading Nasdaq losers on EU court loss.
Nasdaq 100 ETF little changed, supported by chipmaker strength.
E-mini Nasdaq futures flat as AI-positive sentiment offsets macro drag.
US equity markets are under pressure as the Dow Jones Industrial Average hits a 5-week low, driven by rising inflation expectations and a surge in crude oil prices. The 10-year T-note yield climbed to 4.85%, a 2.75-year high, as geopolitical tensions in the Middle East and a brewing US-Canada trade war weigh on investor sentiment.
Markets are pressured by a combination of rising inflation risks, higher bond yields, escalating geopolitical tensions in the Middle East, and a new trade dispute between the US and Canada.