Stock Market Today: Oil Maintains Declines After Bessent Outlines Plan to Squeeze Iran -- WSJ
Dow Jones2026/08/24 19:11By Caitlin McCabe
A retreat in oil prices is offering relief to bond yields as investors received details on Washington's stepped-up economic pressure campaign against Iran.
Treasury Secretary Scott Bessent outlined plans at a press conference this afternoon to inflict an "economic D-Day" on Iran. 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 edging 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 AI 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 15:11 ET (19:11 GMT)
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