Market Recap of the Week of Aug 30, 2026 - Sep 6, 2026

Overall Market Trends:

The market faced mixed results last week, with three of the four major indices finishing in the green. The New York Stock Exchange Composite (NYSE) rose 53 points (+0.22%), the S&P 500 climbed 9 points (+0.11%), and the NASDAQ Composite advanced 109 points (+0.41%). On the other hand, the Dow Jones Industrial Average posted a weekly loss of 133 points (-0.25%). These results were largely influenced by renewed fighting between the United States and Iran, elevated oil prices and shifting expectations regarding the Federal Reserve’s upcoming interest rate decision.

Stocks fell on Monday after the United States and Iran traded fire for the first time in roughly a month. U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday, prompting Iran to retaliate against U.S. sites in Jordan. The renewed hostilities ended a month-long lull in direct fighting. Oil prices surged as a result, with West Texas Intermediate crude rising nearly 3% to $85.76 per barrel while Brent crude advanced roughly 3% to $90.49. Longer-term Treasury yields also moved higher, adding to the pressure on stocks. Goldman Sachs (NYSE: GS) and Alphabet (NASDAQ: GOOG) weighed heavily on the Dow. Despite Monday’s losses, the three major averages finished August in the green, led by gains throughout the technology sector.

The market continued to decline on Tuesday as oil prices and global bond yields extended their recent advances. West Texas Intermediate crude soared more than 5% to $90.22 per barrel while Brent crude jumped nearly 5% to $94.65 after the United States launched additional attacks against Iranian military targets. U.S. Central Command said the strikes followed attempted attacks against commercial ships and American service members. The 10-year U.S. Treasury yield reached its highest level since January 2025, while yields in Japan and Germany climbed to multidecade highs. Investors grew concerned that persistently elevated energy prices could fuel inflation and pressure the Federal Reserve to raise interest rates. As a result, the estimated likelihood of a September rate hike increased to 68%.

Stocks rebounded on Wednesday as Treasury yields took a breather from their recent surge. The S&P 500, NASDAQ, and Dow all snapped three-day losing streaks, with Nvidia (NASDAQ: NVDA) and Johnson & Johnson (NYSE: JNJ) helping push the Dow higher. The 10-year Treasury yield reached 4.818% earlier in the session, its highest level since November 2023, before pulling back and finishing the day relatively unchanged. Oil prices continued to rise following more military strikes against Iran, with West Texas Intermediate and Brent crude both gaining roughly 1%. However, the slowdown in the rise of yields was enough to outweigh these concerns and support the market’s recovery.

The market soared on Thursday after Federal Reserve Governor Christopher Waller suggested that he would be inclined to support keeping interest rates steady if upcoming inflation data continued to show improvement. Waller emphasized that his position remained dependent on the incoming economic reports. The 10-year Treasury yield fell to roughly 4.77%, providing relief to equities. The estimated odds of a September rate hike declined from 63.2% to 50.4% following his remarks. Snowflake (NYSE: SNOW) skyrocketed more than 16% after beating estimates for second-quarter earnings and revenue while also issuing strong guidance. On the other hand, Broadcom (NASDAQ: AVGO) fell nearly 3% after its fiscal fourth-quarter revenue forecast disappointed investors.

Stocks pulled back on Friday after a far stronger-than-expected jobs report raised the probability that the Federal Reserve would increase interest rates at its next meeting. Nonfarm payrolls rose by 162,000 in August, while the unemployment rate remained unchanged at 4.1%. This far exceeded economists’ estimate of 53,000 jobs, while payroll figures for June and July were also revised higher. Treasury yields jumped following the report, with the 2-year yield reaching its highest level since January 2025. The estimated odds of a September rate hike rose from 49.4% to 58%, adding pressure to all three major averages and limiting the market’s weekly gains.

Source: CNBC (Consumer News and Business Channel)

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Upcoming Important Economic Events:

Monday: Markets closed for Labor Day Holiday
Tuesday: Consumer Credit
Wednesday: No events scheduled
Thursday: Weekly jobless claims • Producer Price Index (PPI) • Core PPI
Friday: Consumer Price Index (CPI) • Core CPI

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