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Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Highlights: US stocks ended lower on Thursday as surging oil prices and rising Treasury yields intensified inflation worries and lifted bets on a Federal Reserve rate hike next week. The S&P 500 fell 0.58%, while the Nasdaq and Dow dropped 0.64% and 0.60%, respectively. - Joe Brusuelas, chief economist at RSM US LLP Donald Trump's pledge to issue $5,000 dividend checks to American adults if Republicans retain Congress in the midterm elections has met strong pushback from lawmakers, financial markets, and economic experts. Critics across the political spectrum argue that the proposed $1.3 trillion payout would severely exacerbate the nation's ongoing inflation troubles and worsen an annual national deficit already approaching $1.8 trillion. With market yields rising on concerns over government debt and fiscal authority resting firmly with Congress, economists warn that injecting massive cash stimulus into an already inflation-stressed economy risks repeating past policy errors while relying on revenue sources that have previously failed to materialise. American Eagle Outfitters shares fell 11.87% in premarket trading after the retailer maintained its annual comparable-sales forecast and warned that gross margins in the current quarter could remain unchanged from a year earlier. Meanwhile, Apple shares rose 1.33% following the launch of its $1,999 folding iPhone, giving the technology giant a lift even as broader market sentiment remained cautious. Brent crude futures rose 0.41% and settled near $101 a barrel after crossing $100 for the first time in more than six weeks. Disruptions to shipping routes through the Strait of Hormuz and the Red Sea have added to concerns over energy supplies and inflation. Higher oil prices could complicate the Federal Reserve’s policy outlook by adding to inflation pressures and weighing on economic growth. Higher Treasury yields continued to weigh on stocks, with the benchmark 10-year U.S. Treasury yield reaching 4.8508%, its highest level since 2023. The Treasury Department’s plan to buy up to $6 billion of longer-dated bonds is aimed at keeping yields under control. However, strategists warned that sustained declines in long-term yields may require broader changes in fiscal or monetary policy. The Producer Price Index report is expected to be closely watched for signs that inflationary pressures are broadening. Although the PPI generally receives less attention than the Consumer Price Index, a rise in input costs could reinforce expectations that interest rates may remain higher for longer. Investors are also looking ahead to consumer inflation data, with the Fed’s policy outlook remaining central to market direction. U.S. stock futures attempted to recover after a three-day decline, with Dow and S&P 500 futures edging higher while Nasdaq futures slipped. Investors remained cautious ahead of the Producer Price Index report, which could provide fresh clues on the Federal Reserve’s interest-rate path. Markets are also assessing whether resilient economic growth can offset pressure from higher borrowing costs and elevated Treasury yields.
document fetched 2026-09-11 03:00