This Week on Wall Street
Your weekly cheat sheet — what's moving markets, what's coming up, and what it means for your portfolio. No jargon, just clarity.
This Week in Markets
U.S. stocks fell for a second straight session Tuesday as Middle East tensions flared, with the S&P 500 declining 0.58% to 7,673.52, the Dow Jones tumbling 1.18% (628 points) to 52,786.07, and the Nasdaq Composite slipping 0.32% to 26,421.41. Energy surged as WTI crude jumped to about $94.24 a barrel on reports of strikes against Saudi oil facilities, lifting Utilities and AI-linked semiconductor names within Technology, even as Healthcare sank more than 2% after Novartis disclosed two failed drug trials and Financials also lagged. Gold eased to roughly $4,408 an ounce and the 10-year Treasury yield rose to about 4.80% as traders priced in higher odds of a Fed rate hike following Friday's blowout 162,000 August payroll gain, while the VIX climbed to 15.72 on the renewed geopolitical and rate uncertainty. Attention now turns to Thursday's Producer Price Index and earnings from Oracle and Adobe, Friday's critical August CPI report, and the following week's FOMC rate decision on September 16.