Wednesday, 2 September 2026:US equity markets weaker to open September as fresh gains for oil prices and bond yields stoked inflation con

US equity markets weaker to open September as fresh gains for oil prices and bond yields stoked inflation concerns and dented investor sentiment – Dow lost -419-points or -0.79% to 52,766.88, its lowest close since 31 July and settling below its 50-day moving average (52,849.85) for the first time since 10 April [From 10 April, the Dow rallied 20.3% to its 5 August record close of 54,349.12]. Caterpillar Inc (down -2.3%), The Home Depot (-2.46%) and Sherwin-Williams Co (-2.62%) all declining over >2%. Members of the so-called ‘Magnificent Seven’ cohort of mega-capitalisation technology stocks also struggled for a second session running, with Amazon.com Inc (-1.87%), Alphabet Inc (-1.28%) and Nvidia Corp (-1.51%) all down over >1%. However, Apple Inc rallied +2.61% as John Ternus took the helm as Chief Executive Officer (CEO) following the 15-year tenure of now-retired Tim Cook.