Market Close: U.S. Attacks Iran, Stocks Lower, Bond Yields and Oil Higher • 9/1/26

Summary

CNBC Business News Update recaps a losing session after US attacks on Iran, with stocks falling as bond yields and oil rose. Mike Sani highlighted the S&P 500 testing the bottom of its August range as the 10-year yield hit 4.8% and WTI crossed above $90. Defiance ETFs' Sylvia Jablonsky framed the pullback as an AI buying opportunity, while the update noted Dell's after-hours gain on AI server strength.

• US launched fresh attacks on Iran; stocks fell as bond yields popped and oil spiked.
• Dow lost 419 points; S&P 500 fell 54 points; Nasdaq dropped 271 points.
• Mike Sani noted the S&P 500 tested the bottom of its August range as the 10-year yield hit 4.8% and WTI broke above $90.
• Sylvia Jablonsky said AI buildout creates opportunities to buy AI-related pullbacks.
• Dell rose 5% after hours after lifting its fiscal 2027 forecast on AI server strength.
• JOLTS job openings came in light; August employment report is due Friday.
• Wednesday's calendar includes Broadcom and Petco earnings, ADP payrolls, and the Fed Beige Book.