CNBC Business News Update - Market Close: U.S. Attacks Iran, Stocks Lower, Bond Yields and Oil Higher • 9/1/26

Episode Date: September 1, 2026

CNBC Business News Update with Jessica Ettinger - Markets & Business News With Expert Analysis From Top Business Names. Visit CNBC.com For More Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

CNBC Business News Update Market Close. I'm Jessica Ettinger. Wall Street opens Wednesday morning after a losing Tuesday and a losing start to September trading in the books. As the U.S. launched fresh attacks on Iran. Bond yields popped. Oil prices spiked and stocks fell. The Dow down 419 points led lower by shares of Sherwin Williams down 2.5%. The S&P 500 indexed down 54 points. And the NASDAQ was down. 271 points, that was more than 1%. Chipmaker names almost all in the red. You can see this leg in the afternoon lower in the S&P 500.

Shows you how tightly interlocked these markets are. It was exactly as a 10-year yield touched 4.8%, exactly as WTI crossed back above $90 a barrel. And so therefore you had a sort of full return and a test of the bottom of this August range, this breakout range, going back to, you know, really takes you to the highs of May. NBC's Mike Santoli, a take from Defiance ETFs Sylvia Jablonsky on CNBC.

Sometimes angst leads to opportunities. So, you know, AI is building out. You're seeing a lot of opportunities here for investors to dip their toes in on these pullbacks. Dell shares popped 5% in after hours trading on Tuesday. It lifted its fiscal 2027 forecast on AI server strength. WTI, West Texas Intermediate U.S. crude oil back above $90 a barrel. Prices at the pump for America. American drivers started September with a national average of 410 a gallon for regular, according to AAA. The U.S. war with Iran in its seventh month. Before the U.S. launched missiles into Iran, the national average for a gallon of regular was 298. Fewer job openings in August than expected. Here's CNBC's Rick Santelli. Jolt's job opening and labor turnover. Expecting the number slightly north of 7.3 million comes in on the light side.

7,271,271,000. Third week is for the year this month, and this would be the weakest going back, really, to February. We've had two very weak job, job, jobs reports. And we get the big August employment report from the Labor Department on Friday morning heading into the long Labor Day holiday weekend, full coverage on CNBC TV, CNBC.com, and on the CNBC app on your phone. The LA Angels MLB team has a new owner. sports empire, which owns the Los Angeles Rams, the Denver Nuggets, the Colorado Rapids and Arsenal, the English Premier League team, now adding the Los Angeles Angels Major League Baseball team expanding this giant sports empire. That's CNBC's Alex Sherman. On Wednesday's

watch list, earnings are coming from Broadcom and Petco. We get payroll firm ADP numbers on private sector hiring. The Fed releases its beige book. A look at current economic conditions. around the U.S. Jessica Eddinger, CNBC.