Wall Street started divided on this Wednesday, September 2, 2026, between the slight gains of the Dow Jones and the equally mild losses of the Nasdaq. The S&P 500 rises 0.13% to 7,641.47 points, the Dow Jones grows 0.50% to 53,029.20 points and the Nasdaq Composite retreats -0.0085% to 26,097.56 points. Investors are awaiting the Federal Reserve's interest rate decision in a context where US debt yields are correcting downward after global bond yields reached highs not seen in nearly two decades. The deadlock in the conflict between the US and Iran, which has been ongoing for six months, and Germany's accusations that Russia attempted to attack Leipzig airport with a drone also weigh on market sentiment.
The previous day, the major indices closed in negative territory, with the Dow Jones Industrial Average retreating 0.8% to 52,766.88 points, the S&P 500 losing 0.7% to 7,631.47 points and the Nasdaq Composite falling 1% to 26,099.77 points. Pressure came from rising bond yields, with the 10-year Treasury yield hitting highs not seen since late 2023, above 4.8%, from the advance in oil prices and the renewed escalation of tensions between the US and Iran. The energy sector stood out positively, while technology and discretionary consumption led the losses. WTI oil retreats 0.60% to $89.68 and Brent loses 0.34% to $94.33.
On the corporate front, the main highlight goes to Dell Technologies, which rises 6.28% after raising its annual profit and revenue forecasts, driven by its artificial intelligence server business. GitLab also surged after raising its outlook. In contrast, MongoDB and Credo tumble, despite solid results in the case of the former. Analysts at MTraders note that investors are assessing the Fed's need to raise interest rates to bring inflation back to the 2% target, but the creation of fewer jobs by the private sector in August is ultimately well received, as a less robust labor market facilitates the stabilization of inflationary pressures.
