Dow Sinks on Inflation Fears as Oil Prices Climb to $91.83

The Dow Jones Industrial Average started September on a weak note, falling 0.41% in mid-morning trading as investors assessed renewed inflation risks and higher borrowing costs.

Rising oil prices, which have reached $91.83 per barrel, weighed on investor sentiment, while U.S. Treasury yields also increased, making bonds relatively more attractive than equities.

The technology sector was particularly hard hit, with Nvidia, Intel, AMD, and Broadcom trading lower amid concerns about the impact of higher interest rates on growth and tech stocks.