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US stocks' downside due to crude oil surge

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Sep 01, 2026 US borrowing costs hit fresh highs over inflation fears Bearish

US borrowing costs hit fresh highs over inflation fears BBC Business · Sep 01, 2026 Bearish

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US stocks faced a downside on Tuesday as crude oil prices surged, driving up inflation concerns and pushing up borrowing costs.

Renewed strikes in the Middle East pushed oil prices above $100 a barrel, their highest level since August 2022. This surge, coupled with a strong August jobs report, fueled fears of persistent inflation, driving the 10-year Treasury yield to 4.8%, its highest level since January 2025. The major averages, including the Nasdaq Composite, Dow Jones Industrial Average, and S&P 500, all closed in negative territory.

The energy sector benefited from the oil price surge, while tech stocks, particularly Apple, bucked the trend. However, the broader market suffered as higher yields make bonds more attractive, drawing funds away from equities. The oil surge also raised concerns about consumer spending, which could impact earnings for consumer-facing companies.

Looking ahead, investors will closely watch Friday's August consumer price index (CPI) report and the September jobs report. Additionally, the Federal Reserve's next policy meeting on September 20-21 will be crucial, as markets anticipate the central bank's response to these inflationary pressures.

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First SeenSep 01, 2026

Last UpdatedSep 01, 2026

US stocks' downside due to crude oil surge

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