Dow Jones| Nasdaq | US Stock Market Today | Live: US stocks end down as oil prices, Treasury yields rise

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Business News›Markets›US Stocks›Wall St Guide›Dow Jones| Nasdaq | US Stock Market Today | Live: US stocks end down as oil prices, Treasury yields rise LIVE BLOG Dow Jones Today Live Updates: US stocks trade lower amid tech-selloff. Synopsis Dow Jones Today | US Stock Market Live: Wall Street ended lower on Wednesday, pulled down by Alphabet and Amazon, as Treasury yields climbed and Iran's president said Tehran would never surrender to US pressure. The S&P 500 lost 57.74 points, or 0.74%, to end at 7,706.39 points, while the Nasdaq Composite lost 308.24 points, or 1.10%, to 26,943.61. The Dow Jones Industrial Average fell 340.39 points, or 0.66%, to 51,523.30. 1 New Update The S&P 500 lost 57.74 points, or 0.74%, to end at 7,706.39 points, while the Nasdaq Composite lost 308.24 points, or 1.10%, to 26,943.61. The Dow Jones Industrial Average fell 340.39 points, or 0.66%, to 51,523.30. (Read) US natural gas futures climbed 2.0% on Wednesday to an 11-week high, on forecasts for seasonally cooler weather that should boost heating demand, a drop in daily output and an increase in flows to liquefied natural gas export plants so far this month. Front-month gas futures for October delivery on the New York Mercantile Exchange rose 7.6 cents, or 2.6%, to $3.041 per million British thermal units, putting the contract on track for its highest close since July 8. Meta's shares have soared nearly 13% this week and are set for their fifth-straight week of advances. The gains were fueled by expectations that the mainstream consumer-focused app could generate additional annual revenue, with Truist Securities estimating it to touch at least $28.5 billion by fiscal 2030. Financials stocks were the hardest-hit in the previous session and remained under pressure on Wednesday on fears that the AI agent could prompt users to switch to policies with cheaper prices. Big banks such as JPMorgan and Wells Fargo lost more than 3% each so far this week, while brokerage Charles Schwab was down nearly 5%. Insurers such as Marsh and Arthur J. Gallagher were down 2.4% and 4.6%, respectively. Hubble Network raised $200 million in a Series C round that valued the Seattle-based satellite Bluetooth startup at $1.6 billion, as it opened its constellation to general availability on Wednesday. The financing brings Hubble's total funding to $300 million. The company said it would use the new capital to expand its satellite constellation to 60 satellites by 2030, from six currently operating in low Earth orbit. News outlets CNN, MS NOW and Politico will ask a federal judge on Wednesday to immediately restore their access to the White House after President Donald Trump banned them in one of his most dramatic clashes with the media. The outlets said the ban violated the US Constitution's First Amendment protections for freedom of speech and a free press as well as their rights to due process. US ultra-low-sulfur diesel futures fell more than 6% on Wednesday after Politico reported that the administration of President Donald Trump was preparing a plan to ban diesel exports for 90 days, Reuters reported. (Read More) US senators proposing bipartisan legislation to make permanent a ban on Chinese vehicles are aiming to win quick Senate approval this week, as President Donald Trump meets with China's President Xi Jinping, one of the bill's authors said on Wednesday. The effort, first reported by Reuters, is led by Democratic Senator Elissa Slotkin of Michigan and Republican Senator Bernie Moreno of Ohio. The bill has significant momentum and a House version now tops 100 cosponsors, while automakers and legislative aides hope to win passage this year. Gold prices fell more than 1% to a near one-week low on Wednesday as hawkish signals from Federal Reserve policymakers bolstered rate hike expectations and powered the US dollar to two-month highs, weighing on non-yielding bullion. Spot gold was down 1.7% at$4,282.53 per ounce, as of 1:25 p.m. ET (1725 GMT), after having hit its lowest level since September 17 earlier. US gold futures for December settled 1.3% lower at $4,318.40. US ultra-low-sulfur diesel futures fell more than 6% on Wednesday after Politico reported the administration of US President Donald Trump is preparing a plan to ban diesel exports for 90 days. The October futures contract was last trading at $4.7512 a gallon, down 3.9%. The White House is drawing up plans to ban diesel exports for 90 days, Politico reported, citing unnamed sources. How such a ban would be legally implemented remains unclear, though the report said President Donald Trump is leaning towards putting it forward by the end of the week. Such a move, if enacted, would be the Trump administration's most sweeping step yet to rein in surging fuel costs, highlighting the pressure on Republicans ahead of November elections that could cost them control of Congress, according to Bloomberg's report. Cracker Barrel climbed 6% after reporting fiscal fourth-quarter results. Revenue of $849.3 million topped the Wall Street consensus estimate of $834.6 million, according to FactSet data, while restaurant-level profit margins, cost of goods sold and adjusted EBITDA margins all came in better than expected. Ukraine and Russia have both voiced an interest in a limited ceasefire involving grain and energy-related targets, US Secretary of State Marco Rubio said on Wednesday after meeting Russian Foreign Minister Sergei Lavrov in New York. Ukraine, which fears Russia plans to pound power and heating facilities with missiles and drones this winter, has been pressing for ceasefires covering energy infrastructure and Black Sea shipping. "I think both sides have expressed an interest in some limited ceasefire that involve grain and energy. Obviously, you know, that won't be easy either," Rubio told reporters. Melania Trump rang the opening bell at the New York Stock Exchange on Wednesday to promote her new initiative to help women become leaders and achieve economic power. It's called Imperia, and its members include CEOs, founders, innovators, entrepreneurs and others. A lot of the first lady's attention has been on children, but, with Imperia, she is leaning on her business skills to encourage women to harness their economic power and help others understand women's role in a global economy. Microsoft is planning to invest more than $10 billion across the United Arab Emirates, Saudi Arabia, Qatar and Kuwait between now and 2030, including in cloud and AI infrastructure, a senior executive said on Wednesday. The US tech giant is making digital resilience a key part of its strategy for the region as the Iran war rumbles on. Microsoft's investment reflects both its "ongoing build-out of infrastructure and also the expansion of operations in the region," Vice Chair and President Brad Smith told Reuters. Federal Reserve Governor Michael Barr said on Wednesday that the central bank took an important step last week to "recalibrate" short-term borrowing costs in its effort to bring down inflation, and signalled that further rate hikes are likely needed, Reuters reported. "Risks to achieving our inflation target have increased, while risks to the labour market have receded," Barr said in prepared remarks for a Chicago Fed housing affordability conference. (Read More) The US dollar rose to its highest level in nearly two months on Wednesday as investors priced in a rate hike cycle from the Federal Reserve, while oil prices jumped as comments from Iran cast doubt on progress in peace talks. The dollar index, which measures the greenback against a basket of currencies, rose 0.54% to 101.09 after hitting 101.1, its highest since July 29. The Treasury Department said on Wednesday that it will buy up to $6 billion in 20- to 30-year Treasury bonds during its buyback operation on Thursday. The Treasury said in August it would increase the size of its buybacks on longer-dated securities to at least $4 billion over the next quarter in an effort to support liquidity. After copper prices skyrocketed to record-high levels this month before slipping slightly, popular American investor Michael Burry is now betting on the red metal and building positions, sparking hopes for a further rally. (Read) U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories rose by 3 million barrels to 426.4 million barrels in the week ended September 18, the EIA said, compared with analysts' expectations in a Reuters poll for a 641,000-barrel draw. Iran will not surrender in the war with the United States, but believes in diplomacy to try to end the conflict, Iranian President Masoud Pezeshkian told the annual gathering of world leaders at the United Nations on Wednesday. McDonald's on Wednesday outlined about $8.5 billion in support for franchisees as part of an expanded growth plan and set targets for margin and market share growth as it looks to revive sales momentum after several muted quarters. (Read) The Dow Jones Industrial Average fell 92.3 points, or 0.18%, at the open to 51,771.41. The S&P 500 fell 2.7 points, or 0.03%, at the open to 7,761.94, while the Nasdaq Composite dropped 30.8 points, or 0.11%, to 27,213.519 at the opening bell. (Read) The US dollar rose to its strongest level in almost two months on Wednesday on prospects of interest rate hikes in the near term, although easing oil prices could alter the global inflation and monetary policy outlook. The euro fell to its lowest since late July and was last down 0.37% at $1.1405. Sterling fell as much as 0.5% to $1.3273, its weakest since early July. The dollar index , which measures the US currency against six others, rose 0.36% to 100.92. The New York Stock Exchange and crypto exchange Blockchain.com will together explore creating crypto versions of US-listed stocks, Blockchain.com said in a press release on Wednesday. The partnership is the latest example of a mainstream stock exchange looking to cash in on tokenisation, which is the idea of creating blockchain-based tokens which represent or are pegged to assets such as stocks and bonds. Crude prices pinned below $100 a barrel offered markets a sense of calm as Saudi Arabia restarted operations at a critical pipeline. "Oil resuming a downward trend is the market's way of saying it is slowly starting to believe that energy supplies will flow again, and that there is a potential resolution to the conflict in the Middle East," said Dan Coatsworth, head of markets at AJ Bell. Fed Governor Michael Barr is expected to speak later in the day and his remarks will be scrutinized for thoughts on policy outlook. Traders are now pricing in a 50% chance that interest rates could be hiked by at least 25 basis points next month, the CME Group's FedWatch Tool showed. Optimism around AI continued to power Wall Street as the tech-heavy Nasdaq notched its first intraday record high since early June on Tuesday, aided by a strong reception for Meta's AI assistant Muse, which analysts say could benefit tech infrastructure stocks while also spurring AI-disruption chatter in pockets of the market. The S&P 500's Financials sector logged its biggest daily drop since March, even as JPMorgan Chase, Charles Schwab and consumer-focused names such as Uber and Airbnb edged higher, steadying after sharp declines in the previous session. Traders are awaiting updates from US and Iranian officials after their mediators began negotiations on the sidelines of the UN General Assembly on Tuesday. Chinese President Xi Jinping is expected to arrive in Washington later in the day on a state visit, with an agenda covering the extension of last year's trade truce between the two superpowers, AI regulation and US arms sales to Taiwan. Wall Street's main stock index futures were little changed on Wednesday, as investors awaited a positive outcome from negotiations to end the Middle East conflict ahead of Thursday's high-stakes US-China summit. Dow E-minis were down 22 points, or 0.04%, at 7:09 a.m. ET, while S&P 500 E-minis edged up 1.25 points, or 0.02%, and Nasdaq 100 E-minis slipped 33 points, or 0.11%.