The New York Stock Exchange closed Wednesday's session, September 9, in negative territory. The Dow Jones gave up 0.77% to 52,381.08 points, the S&P 500 retreated 0.45% to 7,638.95 points and the tech-heavy Nasdaq lost 0.64% to 26,253.34 points, a day marked by the oil price that drove Brent to the 100 dollars per barrel level, something unprecedented since the early moments of the Iran war.
The conflict in the Middle East is intensifying and fueling growing concerns about crude flows from the region. Donald Trump commented that Iran's war could end after the midterm elections, considering that this is Tehran's strategy to keep the conflict going. According to a senior official from the Islamic Republic cited by Bloomberg, Iran is preparing for a more intense war and promises to reinforce its counter-attacks if the United States continues to attack its territory and infrastructure.
The market was eagerly awaiting the presentation of new iPhones, but Apple shares fell 0.28% on the day the company presented, for the first time in its history, a foldable model of the iPhone, called iPhone Duo.
The market also reacted to the announcement by the U.S. Treasury Department about bond buybacks. Treasury Secretary Scott Bessent confirmed that the operation could reach six billion dollars. However, the impact was the opposite of what was expected: instead of declining, public debt interest rates soared to the highest values since November 2023.
