{
  "id": 11218927,
  "title": "Wall Street down amid rising oil and volatile bonds, data shows inflationary angst",
  "url": "https://urgent.news/2026/10/01/wall-street-down-amid-rising-oil-and-volatile-bonds-data-shows",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T15:11:40.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/us-stock-futures-rise-following-upbeat-micron-earnings-4926147"
  },
  "original_language": "en",
  "account": "On Thursday, Wall Street experienced a decline as oil prices surged and U.S. Treasury bond market activity became unpredictable. Economic indicators revealed that American manufacturers were facing higher costs due to raw material increases, thereby contributing to inflationary worries. Investors closely examined a post-earnings drop in memory chip manufacturer Micron Technology and prepared for additional important economic data this week. By 11:07 ET, the S&P 500 fell 0.3% to 7,626.31, the tech-focused NASDAQ Composite dropped 0.3% to 26,787.77, and the Dow Jones Industrial Average declined 0.6% to 50,579.16.\n\nMicron Technology exceeded fiscal fourth-quarter earnings expectations, with adjusted earnings per share at $33.42, surpassing the predicted $31.16. The company also forecasted a current-quarter earnings per share range of $38.15, within a $1.00 margin, which surpassed analysts' estimates of $36.02. Despite these strong results, Micron's shares experienced a decline of over 2% due to slightly lower gross margins and projected higher operating expenses for fiscal 2027.\n\nThe memory chip giant's results and guidance reinforced optimism in the AI sector, particularly the belief that demand driven by technology would continue supporting chipmaking and technology valuations in upcoming quarters. However, worries about the safety of AI development triggered unease surrounding the swift advancement of the technology, unsettling tech stocks in September. Several prominent frontier labs, spearheaded by Claude-maker Anthropic, advocated for a slowdown in AI development.\n\nGlobal chipmaking stocks rose on Thursday, with companies from Japan, South Korea, and Taiwan all reporting gains. Nike's quarterly earnings were also anticipated to be released after the closing bell, with investors eager to see CEO Elliott Hill demonstrate progress in his ongoing efforts to revitalize the brand. Nike's shares had plummeted more than 44% throughout 2023.\n\nOn Wednesday, the S&P 500 and Dow experienced a decline, while the tech-heavy NASDAQ advanced as a persistent drop in bond markets pushed Treasury yields up. U.S. Treasury yields rose again, despite surprisingly modest August personal consumption expenditures data sparking a brief rally around inflation expectations. However, yields eased on Thursday morning. Traders now focus on the upcoming release of key U.S. employment data for September, which could shed light on the Federal Reserve's interest-rate path. This month, marked by Middle East tensions and a significant bond-market decline, the S&P dropped 0.5%, the Dow fell 4.3%, and the NASDAQ gained 1.9%. Both the NASDAQ and S&P managed to achieve two consecutive quarterly gains, making this the fifth such success in the past six. During the July-September period, the Dow experienced a decline. Q3 was challenging for markets, as the global economy struggled with a new inflationary pressure and the resumption of a worldwide synchronized rate-hiking cycle, according to analysts at Deutsche Bank.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "E24 Norway",
        "title": "Wall Street stiger fra start",
        "url": "https://urgent.news/2026/10/01/wall-street-stiger-fra-start",
        "published": "2026-10-01T13:30:45.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}