Stocks Rebound as Oil Prices Stay Elevated | Closing Bell

Watch on YouTube ↗  |  September 02, 2026 at 20:26  |  9:45  |  Bloomberg Markets
Speakers
Sally Bakewell — Anchor, Bloomberg
Romaine Bostick — Anchor, Bloomberg
Lisa Mateo — Reporter, Bloomberg

Summary

Bloomberg Closing Bell covers a rebound in US equities, elevated oil prices, and a busy after-hours earnings slate. Hosts highlight Dell's AI-server-driven surge, Five Below's strong results, GE Vernova's Venezuela grid deal, and Snowflake's guidance-driven pop. The discussion is mostly market recaps and earnings headlines.

  • US stocks close higher with the S&P 500 up about 0.5%, Nasdaq up 0.2%, and Russell 2000 up 1.1%.
  • Brent crude trades near $95 and WTI near $90 as US-Iran tensions re-emerge.
  • Dell shares jump after raising annual sales guidance on surging AI server demand.
  • Five Below reports better-than-expected earnings, comp sales, and full-year comp guidance.
  • GE Vernova rises after committing to repair parts of Venezuela's power grid.
  • Snowflake surges after hours on raised operating margin and product revenue guidance.
  • NetApp and Petco also report earnings, with mixed/positive market reactions.
Ideas
Sally Bakewell Anchor, Bloomberg 0:45
Oil supported by US-Iran conflict
Brent crude is around $95 and WTI around $90 as the US-Iran conflict re-escalates, putting a geopolitical risk premium back into oil and supporting elevated crude prices.
BNO WTI LOW
Sally Bakewell Anchor, Bloomberg 1:04
Five Below robust earnings, strong balance sheet
Five Below is expected to post robust earnings and is in a strong financial position with a decent balance sheet and cash, supporting potential shareholder returns.
FIVE MED
Sally Bakewell Anchor, Bloomberg 2:46
Dell boosted by AI server demand
Dell shares surged after the company boosted annual sales guidance on surging AI server demand; its AI server forecast tripled year-over-year and it booked more than $130 billion in server orders over the past 12 months.
DELL HIGH
Sally Bakewell Anchor, Bloomberg 3:49
GE Vernova gains from Venezuela grid work
GE Vernova shares rose after committing to repair large parts of Venezuela's power grid as part of deals to boost the country's energy output; Venezuela's deteriorated grid needs at least $25 billion in power sector investment.
GEV MED
Romaine Bostick Anchor, Bloomberg 7:57
Snowflake guidance beat drives after-hours pop
Snowflake jumped after hours as the company raised fiscal-year operating margin guidance and product revenue forecasts; the stock had already been at multi-year highs but got additional upside from the release.
SNOW MED
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This Bloomberg Markets video, published September 02, 2026, features Sally Bakewell, Romaine Bostick discussing BNO, WTI, FIVE, DELL, GEV, SNOW. 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Sally Bakewell, Romaine Bostick  · Tickers: BNO, WTI, FIVE, DELL, GEV, SNOW