Update: Wall Street Drifts Lower Despite Retreat in Oil Prices

MT newswire2026/09/29 21:04

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05:04 PM EDT, 09/29/2026 (MT Newswires) -- (Updates with market moves at the end of the day, and other changes, if any.) US equity benchmarks drifted lower Tuesday to log back-to-back declines as traders parsed fresh economic data, while oil prices pulled back. The Dow Jones Industrial Average shed 0.3% to close at 51,349.92, while the S&P 500 dropped 0.2% to 7,670.84. The Nasdaq Composite edged down 0.1% to 26,797.54. Most sectors ended in the red, led by energy, while utilities paced the gainers. In economic news, US consumer confidence tumbled this month to the lowest level since 2014 as Americans turned pessimistic amid elevated energy prices, the Conference Board said. "With high gasoline prices weighing on both (consumers') real disposable income and their confidence, we expect the pace of spending to slow over the next few quarters," Oxford Economics said in a note. US job openings fell in August amid a sharp decline in professional and business services, while overall hiring ticked higher, official data showed. West Texas Intermediate crude oil was down 3.8% at $89.09 a barrel in Tuesday late-afternoon trade, while Brent lost 2.8% to $102.32. However, both benchmarks were still on track for their third consecutive monthly gains. Federal Reserve Governor Michael Barr on Tuesday renewed calls for more interest rate increases to curb sticky inflation. While New York Fed President John Williams also expects monetary policy to get tighter, he sees no urgency to act. Markets are largely split over whether the Fed will lift interest rates again by 25 basis points next month, according to the CME FedWatch tool. Oxford Economics recently said that the next rate increase could come as early as October amid elevated oil prices. Treasury yields were mixed, with the two-year yield down 3.7 basis points at 4.89%, while the 10-year yield was little changed at 5.25%. In company news, Fair Isaac (FICO) shares tumbled nearly 27%, the worst performer on the S&P 500. On Monday, Federal Housing Finance Agency Director Bill Pulte said on X that consumer credit-scoring model VantageScore will join the existing FICO classic mortgage pricing grid. CarMax (KMX) reported stronger-than-expected fiscal second-quarter revenue Tuesday, buoyed by a double-digit increase in comparable used-vehicle sales amid early momentum in the company's growth plan. The used-vehicle retailer's shares climbed 4.7%. Smart ring maker Oura delayed its planned initial public offering, joining a growing list of companies that are postponing plans to go public in the US amid market uncertainty. Spot gold gained 1.4% to $4,174.01 per troy ounce, while silver edged up 0.1% to $61.79 per ounce.

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Ruanyun Edai received a Nasdaq notice for failing the $1.00 minimum bid price rule following 30 consecutive business days below $1. The deficiency period ran from Aug. 25 through Oct. 6, 2026, breaching Nasdaq Capital Market Listing Rule 5550(a)(2). A 180-day compliance window runs to April 5, 2027; compliance requires at least $1.00 for 10 consecutive business days. The notice does not immediately affect the stock’s Nasdaq listing or trading. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ruanyun Edai Technology Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610091720PRIMZONEFULLFEED9843090) on October 09, 2026, and is solely responsible for the information contained therein.

Bitget•2026/10/09 21:20

BUZZ-CCC Intelligent Solutions stock surges on acquisition rumors

On October 9th, CCC Intelligent Solutions Holdings (CCC.O), a provider of automotive insurance software, saw its stock price rise by 9.5% in after-hours trading to $7.69. According to Bloomberg, GTCR and Elliott Investment Management are in advanced talks to acquire CCC, sources revealed. The report stated that the deal could be announced as soon as next week. However, the parties have not yet reached a final agreement, and details, including the timeline, may change; negotiations could end without a deal. CCC, GTCR, and Elliott have not immediately responded to Reuters’ requests for comment. CCC’s stock price has dropped about 12% so far this year. (For the convenience of non-English speakers, Reuters provides automated translations of its reports in several languages. As automated translations might be inaccurate or lack necessary context, Reuters does not guarantee the accuracy of these texts and disclaims any liability for damages or losses arising from their use.)

路透社•2026/10/09 21:17

Mynd.ai clarifies CEO Bin Shen joins board effective Oct. 12

Mynd.ai amended its Oct. 8 Form 6-K to correct its executive transition disclosure. The amendment added that newly appointed Chief Executive Officer and Interim Chief Financial Officer Bin Shen also joined the board effective Oct. 12, 2026. The filing also added an incorporation-by-reference section covering the company’s Form S-8 and Form F-3 registration statements. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mynd.Ai Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001708441-26-000109), on October 09, 2026, and is solely responsible for the information contained therein.

Bitget•2026/10/09 21:11

Saudi Aramco resumes full oil supply to European customers, reducing alternative procurement pressure for European refineries

Saudi Aramco has announced that it will resume supplying full crude oil volumes to European refiners in November. Previously, after an attack by drones on Saudi Arabia’s East-West oil pipeline, Saudi Aramco had informed European clients that it would not provide any crude oil quotas in October, forcing buyers to seek alternative sources. The pipeline’s capacity has now been restored to over 80%, and Saudi Arabia’s daily crude oil exports to Europe, about 700,000 to 800,000 barrels, are expected to return to normal.

华尔街见闻•2026/10/09 21:06