SPY is trading 0.69% lower on September 1, 2026, as renewed U.S.-Iran hostilities around the Strait of Hormuz lifted oil prices, reviving inflation concerns and pressure on interest rates.
- Brent crude reached approximately $92, while rising Treasury yields weighed especially on technology and other growth stocks.
- Global bond-market stress added to the risk-off tone after Japan’s 10-year yield reached 3%, its highest level since 1996.
- Softer job openings and pending manufacturing data also encouraged caution ahead of payrolls.