Stocks Slide Amid Rising Oil Prices and Geopolitical Tensions
On September 8, 2026, the U.S. stock market declined as rising oil prices and ongoing geopolitical tensions continued to weigh on investor sentiment. The Dow Jones Industrial Average fell by 1.18%, while the S&P 500 dropped 0.58% and the Nasdaq Composite lost 0.31%. Despite these broad declines, several stocks saw significant movements due to company-specific news. Intel shares rose nearly 9% as it announced plans to increase processor prices by up to 10%, aiming to improve margins. Corning also gained about 7% after securing a major fiber supply deal with Verizon for its next-generation network infrastructure. In contrast, Amgen and Novartis both experienced sharp declines following setbacks in clinical trials. Qualcomm reported gains of over 3% due to an AI chip partnership with Amazon that could involve up to $60 billion in purchases. Meanwhile, Casey's General Store fell nearly 10%, despite beating earnings expectations, as it issued conservative guidance.
Tickers: $AMGN $AMZN $CASY $GLW $INTC $NVS $QCOM
Topics: Amazon Amgen Casey's General Store Corning Intel Novartis Qualcomm