Market Open: Stocks Lower as U.S. Crude Tops $100; Yields Rise • 9/10/26
U.S. stocks opened lower for a fourth consecutive day, with the Dow down 291 points, the S&P 500 down 53 points, and the NASDAQ down 221 points. This market downturn is largely attributed to U.S. crude oil prices topping $100 a barrel, reaching levels not seen since before Memorial Day, and 10-year Treasury yields rising above 4.9%, their highest since 2003. Nvidia shares led the market lower, dropping more than 2%.
The continued rise in oil prices and Treasury yields signals growing inflation fears, which could further impact consumer spending and corporate profits, potentially leading to a broader economic slowdown. The ongoing conflict with Iran is cited as a major factor keeping oil prices elevated.
The episode also covers rising diesel fuel prices, a projected increase in mortgage rates to 7%, the unveiling of Apple's new iPhone 18 and foldable Duo, Macy's strong quarterly results, and Netflix airing the first international NFL game.
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