Fear that rising oil prices will cascade into broader inflationary pressures brought sellers into Thursday's stock market ahead of a key reading on consumer price trends. Nvidia (NVDA) led blue chips lower after the artificial intelligence leader announced a new partnership with Palantir (PLTR).
Around midday Thursday, the Dow Jones Industrial Average fell 0.6% as the S&P 500 dropped 0.5%. The Nasdaq composite also gave back 0.5%. All three indexes are on track for their fourth consecutive day of declines. The small-cap Russell 2000 index moved down 0.8%.
West Texas Intermediate crude futures moved above $101 a barrel — a near-6% rise. Brent futures also rose nearly 6% to trade close to the $107 level.
The consumer price index report for August is due on Friday with estimates indicating price increases amounting to 0.4% month-on-month and 3.4% annually. Core inflation is seen ticking up 0.2% from July and 2.4% from August 2025.
The 10-year Treasury yield jumped nine basis points to 4.93%. Bitcoin fell to roughly $76,900.
#price #august
Around midday Thursday, the Dow Jones Industrial Average fell 0.6% as the S&P 500 dropped 0.5%. The Nasdaq composite also gave back 0.5%. All three indexes are on track for their fourth consecutive day of declines. The small-cap Russell 2000 index moved down 0.8%.
West Texas Intermediate crude futures moved above $101 a barrel — a near-6% rise. Brent futures also rose nearly 6% to trade close to the $107 level.
The consumer price index report for August is due on Friday with estimates indicating price increases amounting to 0.4% month-on-month and 3.4% annually. Core inflation is seen ticking up 0.2% from July and 2.4% from August 2025.
The 10-year Treasury yield jumped nine basis points to 4.93%. Bitcoin fell to roughly $76,900.
#price #august
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