Commodities
Oil Prices Dampen Wall Street's Gains Amid Rising Treasury Yields
On September 1, 2026, Wall Street's early gains faded as oil prices and rising U.S. Treasury yields weighed on equities.
The S&P 500 dropped 0.64% to 7,636.95 by 13:00 EDT, while the Nasdaq declined by 0.34% and the Dow slipped 0.43%
Energy was the only sector to advance, rising 0.75%, whereas industrials and discretionary stocks fell around 1.6%
The turnaround is significant because the decline extended past the initial drop at the open.