Strait of Hormuz oil prices

Wall Street closed higher on Friday but booked losses for the week as surging bond yields and Iran sanctions fears whipsawed sentiment. The S&P 500 and Nasdaq snapped three-week winning streaks while the Dow posted its second straight weekly decline. Oil rose for a sixth consecutive session after President Trump threatened sanctions on Iran’s trading partners, and billionaire Ray Dalio warned a US debt crisis could arrive within three years. ASX 200 SPI futures point to a 41-point rise at the Monday open as attention shifts to Nvidia earnings, Jackson Hole, and Australian CPI this week.

Wall Street closed higher on Friday but booked losses for the week as surging bond yields and Iran sanctions fears whipsawed sentiment. The S&P 500 and Nasdaq snapped three-week winning streaks while the Dow posted its second straight weekly decline. Oil rose for a sixth consecutive session after President Trump threatened sanctions on Iran’s trading partners, and billionaire Ray Dalio warned a US debt crisis could arrive within three years. ASX 200 SPI futures point to a 41-point rise at the Monday open as attention shifts to Nvidia earnings, Jackson Hole, and Australian CPI this week.

Wall Street fell 0.9% as Treasury Secretary Bessent’s bond buyback relief reversed within 24 hours, with 10-year yields pushing above 4.70% and US debt crossing $40 trillion. Oil surged past $93 on Trump’s “economic D-Day” threat against Iran, while Walmart’s worst comparable sales miss in six years rattled consumer confidence. The ASX faces a softer open with futures down 0.3%.

Wall Street edged higher after the US Treasury doubled its long-bond buyback program, sending yields retreating from near two-decade highs. Moderna rocketed 177% on a breakthrough cancer vaccine trial, while total US public debt crossed $40 trillion for the first time.

A global bond rout pushed the U.S. 30-year Treasury yield to 5.33% — its highest since 2007 — dragging equities lower as the Nasdaq fell 1.3% and semis plunged 5%. Oil prices climbed on the ongoing U.S.–Iran Strait of Hormuz standoff, while U.S. housing starts slumped to a three-and-a-half-year low even as AI-driven factory output hit a four-year high. ASX 200 futures point modestly lower ahead of Q2 wage data, RBA Deputy Governor Hauser, and Thursday’s FOMC minutes.

US stocks pulled back as oil surged past $90 following the expiry of the US-Iran truce, with 30-year Treasury yields hitting their highest since 2007. The AI investment narrative shifts from “will it pay off?” to “who wins?” as Anthropic’s revenue run rate tops $65 billion. ASX 200 futures point lower ahead of BHP, CSL and Pro Medicus earnings.

Wall Street dipped from record highs on Friday as US retail sales fell 0.6% and consumer sentiment slid to 51, but the S&P 500 still notched its third straight weekly gain (+0.4%) after soft data slashed September hike odds to 33%. S&P topped 7,800 for the first time. Brent crude surged 5.9% to $88.60 on the Hormuz stalemate, gold rose to $4,374.26, and SPI futures are down 33 points ahead of a monster ASX earnings week.