Wall Street Opens Mixed as Brent Tops $99 and Bond Yields Ease
Updated
Updated · CNBC · Sep 8
Wall Street Opens Mixed as Brent Tops $99 and Bond Yields Ease
3 articles · Updated · CNBC · Sep 8
Summary
S&P futures slipped while Nasdaq futures rose into Tuesday’s open, leaving Wall Street mixed as Treasury yields pulled back from morning highs and gave equities some relief.
Brent crude briefly topped $99 a barrel after fresh Middle East fighting over the long U.S. holiday weekend, keeping energy pressure on markets even as yields eased.
A 60% chance of a Fed rate hike at next week’s meeting is now priced in after Friday’s strong U.S. jobs report, putting added weight on this week’s August inflation data.
The crosscurrents extend beyond indexes: Intel rose nearly 5% premarket on a reported 10% CPU price increase, while refiners gained support from record diesel crack spreads and higher UBS targets.