US open: Stocks slip as crude jumps, geopolitical tensions intensify
By Iain Gilbert
Date: Tuesday 08 Sep 2026
(Sharecast News) - Major indices were in the red at the opening bell on Tuesday as a shortened trading week began with investors focused on rising geopolitical and trade tensions, while a renewed surge in oil prices added to inflation worries.
As of 1445 BST, the Dow Jones Industrial Average was down 0.89% at 52,941.09, while the S&P 500 shed 0.42% at 7,686.35 and the Nasdaq Composite came out of the gate 0.43% softer at 26,392.32.
The Dow opened 473.16 points lower on Tuesday, extending losses recorded ahead of the Labor Day long weekend.
Stocks headed south as crude extended its recent rally, with Brent up 0.90% at $97.87 a barrel and West Texas Intermediate climbing 1.71% to $93.04 a barrel after the US and Iran exchanged strikes over the weekend. The jump in energy prices has pushed Treasury yields higher, with the benchmark 10‑year note hitting its strongest level since November 2023 last week.
Traders were also zeroed in on fresh tensions between Washington and Ottawa as Canada's retaliatory tariffs on around $20bn of US goods came into effect on Tuesday, while Donald Trump warned that Bombardier would be barred from selling aircraft in the US unless production is moved stateside. "NO MORE SELLING BOMBARDIER IN THE UNITED STATES!" Trump said on social media.
On the macro front, the National Federation of Independent Business' US small business optimism index slipped to 98.7 in August, down from 99.8 in July, undershooting forecasts for a softer decline to 99.3. Actual sales weakened, with a net ‑9% of owners reporting higher nominal sales over the past three months - the lowest reading since November 2025. Reports of inflation as the single most important problem rose to 16%, now tied with taxes as the second‑most cited issue. Concerns around labour quality or availability and labour costs eased, with labour‑cost worries falling to their lowest level since March 2021, while expectations for better business conditions deteriorated.
In the corporate space, FedEx and GameStop were both slated to report quarterly earnings after the close.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Intel Corp. (INTC) $101.54 8.17%
Caterpillar Inc. (CAT) $819.17 1.72%
Home Depot Inc. (HD) $320.30 0.94%
Cisco Systems Inc. (CSCO) $109.01 0.86%
Boeing Co. (BA) $211.88 0.83%
3M Co. (MMM) $167.71 0.15%
International Business Machines Corporation (CDI) (IBM) $231.49 0.08%
Goldman Sachs Group Inc. (GS) $1,033.62 0.07%
Walmart Inc. (WMT) $0.00 0.00%
Dowdupont Inc. (DWDP) $0.00 0.00%
Dow Jones - Fallers
Dow Chemical Co. (DOW) $30.00 -3.03%
Salesforce.Com Inc. (CRM) $251.68 -1.97%
Microsoft Corp. (MSFT) $494.45 -1.79%
Walt Disney Co. (DIS) $104.76 -1.73%
Apple Inc. (AAPL) $319.36 -1.67%
McDonald's Corp. (MCD) $255.77 -1.52%
Amgen Inc. (AMGN) $404.30 -1.48%
Travelers Company Inc. (TRV) $363.44 -1.33%
Merck & Co. Inc. (MRK) $147.25 -1.32%
Chevron Corp. (CVX) $211.79 -1.29%
S&P 500 - Risers
KLA-Tencor Corp. (KLAC) $189.98 10.32%
Seagate Technology Plc (STX) $888.00 10.30%
Western Digital Corp. (WDC) $479.50 10.13%
Lam Research Corp. (LRCX) $318.30 9.59%
Micron Technology Inc. (MU) $1,027.58 9.58%
NetApp Inc. (NTAP) $183.63 8.53%
Intel Corp. (INTC) $101.54 8.17%
Advanced Micro Devices Inc. (AMD) $491.57 7.66%
NRG Energy Inc. (NRG) $120.93 6.42%
Applied Materials Inc. (AMAT) $469.17 6.37%
S&P 500 - Fallers
Autodesk Inc. (ADSK) $213.09 -12.73%
Coterra Energy Inc. (CTRA) $32.56 -8.62%
Adobe Systems Inc. (ADBE) $259.59 -8.44%
Intuit Inc. (INTU) $321.70 -7.92%
Equifax Inc. (EFX) $177.93 -6.37%
Netflix Inc. (NFLX) $76.54 -5.91%
Synopsys Inc. (SNPS) $400.97 -5.55%
eBay Inc. (EBAY) $101.15 -5.18%
TripAdvisor Inc. (TRIP) $9.16 -5.10%
Cadence Design Systems Inc. (CDNS) $291.60 -4.72%
Nasdaq 100 - Risers
KLA-Tencor Corp. (KLAC) $189.98 10.32%
Seagate Technology Plc (STX) $888.00 10.30%
Western Digital Corp. (WDC) $479.50 10.13%
Lam Research Corp. (LRCX) $318.30 9.59%
Micron Technology Inc. (MU) $1,027.58 9.58%
Intel Corp. (INTC) $101.54 8.17%
Applied Materials Inc. (AMAT) $469.17 6.37%
Baidu Inc. (BIDU) $91.70 6.09%
Asml Holdings N.V. (ASML) $1,789.79 5.34%
Skyworks Solutions Inc. (SWKS) $74.81 4.55%
Nasdaq 100 - Fallers
Qvc Group Inc Series A (QVCGA) $0.34 -13.49%
Autodesk Inc. (ADSK) $213.09 -12.73%
Adobe Systems Inc. (ADBE) $259.59 -8.44%
Intuit Inc. (INTU) $321.70 -7.92%
Workday, Inc. (WDAY) $190.82 -7.23%
Netflix Inc. (NFLX) $76.54 -5.91%
Synopsys Inc. (SNPS) $400.97 -5.55%
Tesla Inc (TSLA) $357.72 -5.27%
eBay Inc. (EBAY) $101.15 -5.18%
Cadence Design Systems Inc. (CDNS) $291.60 -4.72%
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