U.S. stock indexes edged lower as a more than 2% jump in crude oil prices pushed Treasury yields higher. The S&P 500 slipped 0.04%, the Dow fell 0.14%, and the Nasdaq 100 declined 0.15%. September WTI crude oil prices are up more than +2% today as Iran and Oman remained short of a deal to reopen the Strait of Hormuz, and the risk of a renewed flare-up across the Middle East remains high. The 10-year T-note yield rose 3.5 basis points to 4.680%, while energy stocks and cybersecurity firms limited broader losses. JPMorgan raised its year-end S&P 500 target to 8,000 from 7,800, citing strong earnings and faster AI monetization.
