Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Dollar Holds Near Two-Month High as Yen Approaches 160 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Wall Street Falls as Treasury Yields Surge, Oil Rebounds on Iran Tensions 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Trump, Xi Focus on Trade and AI at White House Summit 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
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The Dow Jones Industrial Average closed at a fresh record high on Wednesday as gains in healthcare and consumer stocks offset weakness in technology shares. Investors paused after the recent AI-driven market rally while closely monitoring developments in Middle East peace negotiations and upcoming U.S. inflation data.
The Dow climbed 182.60 points, or 0.36%, to finish at 50,644.28. The S&P 500 edged up 0.02% to 7,520.36, while the Nasdaq Composite gained 0.07% to close at 26,674.74. Both the S&P 500 and Nasdaq also recorded new closing highs for a second consecutive session.
Healthcare and consumer-related stocks helped drive the market higher. Procter & Gamble surged 3.2%, while UnitedHealth advanced 1.9%. Consumer discretionary stocks led sector gains, rising 1.9% overall.
Technology and semiconductor shares, however, pulled back after recent strong performances. Qualcomm dropped 6%, Marvell Technology fell 4.6%, and Intel declined 1.4%. Nvidia slipped 1%, contributing to a 1.4% decline in the Philadelphia Semiconductor Index after the benchmark reached record levels earlier this week.
Banking stocks also weighed on the market. JPMorgan Chase shares tumbled 2.4% after CEO Jamie Dimon warned that company expenses could exceed previous forecasts by approximately $1 billion this year.
Investor sentiment remained cautious as U.S.-Iran negotiations continued. Secretary of State Marco Rubio said progress had been made in talks with Iran, although President Donald Trump stated unresolved issues still remain.
Oil prices also pressured the market, with the S&P 500 energy sector falling 1.5% as crude prices dropped nearly 5%.
Elsewhere, cybersecurity company Zscaler plunged 31.5% after issuing weaker-than-expected revenue guidance. Meanwhile, Bath & Body Works jumped 9.7% following strong quarterly earnings, and Abercrombie & Fitch gained after reporting better-than-expected profits.
Goldman Sachs raised its 2026 year-end target for the S&P 500 to 8,000 from 7,600, citing resilient corporate earnings growth and continued market momentum.
