Nasdaq Ticks Higher Amid Rate Hike Expectations and Rising Oil Prices

The Nasdaq index opened 0.18% higher at 26,851 on Wednesday as investors navigated a cautious start to September.

The Federal Reserve's interest-rate outlook and upcoming economic data remain key drivers for equities, with traders increasing expectations for a possible rate hike after recent comments from Fed Chair Kevin Warsh.

Rising Treasury yields and higher oil prices also added pressure on stocks, with Brent crude moving above $90 a barrel due to renewed Middle East tensions. Higher energy costs could make it more difficult for inflation to moderate, complicating the Federal Reserve's policy calculations.