3rd September 2026 – (New York) US stocks rebounded on Wednesday as Treasury yields paused their climb from recent multi‑year highs, helping the Dow Jones Industrial Average end higher by 295.07 points, or 0.56 per cent, at 53,061.95. The S&P 500 rose 0.46 per cent to 7,666.60, while the Nasdaq Composite gained 0.45 per cent to 26,217.83, snapping a three‑day losing streak across the major averages.
A retreat in yields after an earlier surge eased pressure on equities. The benchmark 10‑year US Treasury yield briefly touched 4.818 per cent, its highest level since November 2023, before stabilising into the close. Yields in the UK, Germany and France also pushed higher during the session, while Japan’s 10‑year government bond yield hovered near multi‑decade peaks.
Gains in heavyweight names helped sentiment, with advances in Nvidia and Johnson & Johnson lifting the 30‑stock Dow. Within the broader market, Dell Technologies led the S&P 500 after a strong earnings beat and an upgraded full‑year 2027 outlook, while Palo Alto Networks lagged despite topping fourth‑quarter expectations. Nine of the S&P 500’s eleven sectors finished higher, led by materials, while real estate underperformed.
Energy prices firmed as geopolitical risks remained in focus. West Texas Intermediate crude settled up almost 1 per cent at 91.01 US dollars per barrel, and Brent crude closed at 95.63 dollars after rising roughly 1 per cent, following fresh US strikes on Iran that kept traders alert to potential supply disruptions. Energy Secretary Chris Wright told CNBC that more than 17 million barrels of oil moved through the Strait of Hormuz on Monday, the highest daily level since the Iran conflict began in February.
Market participants continued to weigh interest‑rate and growth prospects against inflation concerns tied to higher energy costs. The Federal Reserve’s latest Beige Book described the US economy as growing “modestly,” noting overall prices increased “moderately” and employment “rose very slightly,” with some districts citing robust price pressures. Contacts reported persistent labour shortages in skilled trades and technical roles alongside significant wage gains in manufacturing and construction, and pointed to mixed sentiment given higher energy prices, policy uncertainty and international conflict.
After the closing bell, futures were little changed, with S&P 500, Dow and Nasdaq 100 contracts edging around the flatline. In extended trading, Snowflake rallied more than 20 per cent after topping second‑quarter estimates, Petco advanced following a stronger‑than‑expected margin print, and Hewlett Packard Enterprise slipped as its growth outlook bracketed consensus. Broadcom pared back an initial five per cent drop after issuing fourth‑quarter revenue and margin guidance slightly below Wall Street expectations.
Investors now turn to weekly jobless claims on Thursday and the August payrolls report on Friday for further signals on the trajectory of growth, inflation and policy. Several notable earnings are due, including Ciena and Campbell’s before the bell, with Zscaler, DocuSign and UiPath reporting after the close. New York Fed President John Williams said higher yields largely reflect solid economic prospects supported by strong corporate profits and investment in artificial intelligence, data centres and broader technology, suggesting financial conditions are reacting to growth dynamics rather than constraining them.
