Market Open: Dow Higher, 10-Year Yield Hits Highest Since Nov. 2023, Oil Up • 9/2/26

Watch on YouTube ↗  |  September 02, 2026 at 14:18  |  3:56  |  CNBC
Speakers
Amy Wu Silverman — Head of Derivatives Strategy, RBC Capital Markets
Chris Wright — US Energy Secretary
Jessica Edinger — Anchor
Steve Liesman — Senior Economics Reporter

Summary

CNBC's market open update covers a green open on Wall Street, with the Dow higher and the 10-year Treasury yield hitting its highest level since November 2023. RBC's Amy Woo Silverman flags a seasonally weak market setup into midterms. Energy Secretary Chris Wright discusses record oil flows through the Strait of Hormuz and reduced Iranian supply leverage.

  • Stocks open higher as investors buy the prior selloff; Dow led by Salesforce and Johnson & Johnson.
  • 10-year Treasury yield hits 4.81%, highest since November 2023.
  • RBC strategist sees a seasonally weak market setup into midterms.
  • ADP August private payrolls rise 38,000 versus 53,000 expected.
  • Record oil volumes flow through Strait of Hormuz; US crude near $90.
  • Chevron to invest $7 billion to double Venezuela output.
  • White House prepares semiconductor tariffs.
  • JetBlue adds first class domestic seats.
Ideas
Amy Wu Silverman Head of Derivatives Strategy, RBC Capital Markets 0:37
Seasonally weak market into midterms.
With earnings season over, the market is shifting back to macro risks. A potential rate hike and midterm elections, which historically tend to cause pre-midterm selloffs, create a seasonally weak setup for equities, though the market could still surprise.
SPY MED
Chris Wright US Energy Secretary 1:50
Oil supply risks are being neutralized.
Record oil volumes moved through the Strait of Hormuz and bypass export pipelines, and the US Navy and President Trump are taking away Iran's ability to hold the world economy hostage, reducing the risk of a supply disruption.
USO LOW
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This CNBC video, published September 02, 2026, features Amy Wu Silverman, Chris Wright discussing SPY, USO. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Amy Wu Silverman, Chris Wright  · Tickers: SPY, USO