US Stocks Slip as Oil Prices Fuel Inflation Concerns

US stock indexes slipped on Monday, August 17, 2026, as rising oil prices continued to pressure inflation and financial markets. The S&P 500 fell 0.5% to 7,745.06, remaining near its all-time high set just two days prior.

The Dow Jones Industrial Average dipped 0.5%, while the Nasdaq composite dropped 0.3%. L3Harris Technologies led decliners after Christopher Kubasik stepped down as CEO and chairman, with a 4.6% drop.

Notably, Alphabet fell 0.5%, despite Berkshire Hathaway increasing its investment in Google's parent company. Several homebuilders also saw increases from the Warren Buffett-led conglomerate.