Stock Market Today, Aug. 31: Stocks Edge Lower as Oil Prices Surge Again
WTI crude climbed above $90 a barrel following U.S. military strikes, stoking inflation and rate-hike concerns, today, Aug. 31, 2026.
Overview
The Dow Jones Industrial Average (DJINDICES:^DJI) fell 0.70% to 53,186, the S&P 500 (SNPINDEX:^GSPC) lost 0.33% to 7,686, and the Nasdaq Composite (NASDAQINDEX:^IXIC) edged down 0.12% to 26,371 as surging oil prices and heightened geopolitical instability dampened risk appetite.
Gold futures fell 0.64% to $4,466 as of U.S. market close, and the 10-Year Treasury yield rose 0.04% to 4.76%. Most sectors fell, with energy and consumer defensive stocks among the few gainers. Basic materials and industrials saw the biggest losses.
Details
Energy-driven inflation fears weighed on the market today, though Strategy attracted attention after announcing it had resumed its Bitcoin purchases. Other crypto stocks, such as Circle Internet Group, gained on broader digital asset strength. Shares in HDFC Bank, one of India's largest banks, faced volatility on news that its chief executive officer would hand over the reins.
Source
Originally published at www.fool.com.