Stock Market Today: Oil Drops as Investors Await Bessent's Plan to Squeeze Iran -- WSJ
Dow Jones2026/08/24 16:44By Caitlin McCabe
A retreat in oil prices is offering relief to bond yields as investors await details on Washington's stepped-up economic pressure campaign against Iran.
Treasury Secretary Scott Bessent is expected to outline plans to inflict an "economic D-Day" on Iran at a press conference at 1 p.m. ET. Brent crude futures are on pace to break six straight sessions of gains, and the dollar has paused its recent slide.
Meanwhile, U.S. stocks are starting the week on a mixed note, with the Nasdaq dragged lower by chip stocks and the Dow trending higher.
Those moves follow a tumble in major tech shares in Asia, including Alibaba after it launched a $10.2 billion share sale to fund its artificial intelligence spending.
This will be a big week for traders, with Nvidia earnings on Wednesday and Fed Chairman Kevin Warsh's speech at Jackson Hole on Friday. The Fed's preferred inflation gauge is also due out Wednesday.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
August 24, 2026 12:44 ET (16:44 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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