NEW YORK, September 1, 2026, 15:00 EDT — WTI crude oil broke past $90 while the Nasdaq dropped 1.1% and Treasury yields continued to move higher.
- At 15:00 EDT, the Nasdaq Composite declined by 1.11% to 26,077.80.
- WTI crude climbed 5.36% to $90.36, as the 10-year yield hit 4.798%.
- Energy rose 1.15%, outperforming technology by 2.84 percentage points.
WTI crude surpassed $90 while the Nasdaq dropped 1.11% as of 15:00 EDT. Rising energy prices and a 10-year yield at 4.798% weighed on long-duration stocks Nasdaq data.
The Nasdaq declined by 0.13% in the previous hour. The S&P 500 edged down 0.11%, indicating the midday recovery had come to a halt.
Fresh U.S. attacks targeting Iran triggered the oil price shift. According to the Associated Press, roughly one-fifth of worldwide oil supplies typically transit through the Strait of Hormuz.
Midday recovery fades into the final hour
Change from Monday’s close. As of .
Source: Yahoo Finance five-minute index feeds; plotted points use the prior close as the base.
The S&P 500 was at 7,624.92, falling 0.80%. The Dow declined 0.83% to close at 52,743.09 S&P 500; Dow data.
Session losses versus 14:00–15:00 EDT
Index changes and ETF share turnover through 15:00 EDT.
From Monday’s close
Preceding 60 minutes
Source: Yahoo Finance five-minute index and ETF feeds. Volume is cumulative regular-session turnover.
October WTI climbed to $90.36 at 14:52:55 EDT, marking a 5.36% increase from the prior settlement. The 10-year yield rose to 4.798% at 14:45 EDT, up four basis points from Monday WTI data; yield data.
The market saw mixed moves between sectors. Energy advanced 1.15%. In contrast, technology declined 1.69% and consumer discretionary dropped 1.84%.
Oil shock creates a 2.84-point sector gap
Selected S&P 500 sector ETF proxies at 15:00 EDT.
Rotation: Energy beat technology by 2.84 percentage points and discretionary by 2.99 points.
Source: Yahoo Finance; XLE, XLV, XLU, XLI, XLK and XLY versus their August 31 closes.
Market breadth remained subdued. On the NYSE, decliners outpaced advancers by a ratio of 2.7-to-1. At 14:35 EDT, 3,403 Nasdaq stocks were in the red, while 1,280 traded higher, Reuters reported.
Shares of Advanced Micro Devices, Inc. NASDAQ:AMD declined 3.00%. NVIDIA Corporation NASDAQ:NVDA slid 1.37%, while Intel Corporation NASDAQ:INTC was down 1.44%.
Apple Inc. NASDAQ:AAPL rose 2.79% following John Ternus’s appointment as chief executive. The company revealed the September 1 handover in April.
Oil producers advanced. Exxon Mobil Corporation NYSE:XOM climbed 2.21%, and Chevron Corporation NYSE:CVX was up 1.94%.
Job openings rose in July to a preliminary 7.271 million from 7.182 million. The number of hires declined to 5.054 million, the Labor Department reported.
InfraCap portfolio manager Jay Hatfield described the Federal Reserve as “very, very hawkish.” According to Reuters, futures indicated a 68.2% probability of a rate hike in September.
Risks: An abrupt turnaround in oil prices may reduce yields and boost growth stocks. Additional supply interruptions risk intensifying the selloff and increasing credit stress.
The final trading hour will indicate if Apple maintains its role as a support for technology stocks. The upcoming payroll report on Friday is the next major indicator for interest rate outlooks.
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