Wall Street slips as Middle East escalations lifts oil; Trump-Xi talks in focus

Wall Street fell on Thursday as Middle East tensions lifted oil prices and Treasury yields, while investors watched a US-China summit in Washington. The Dow dropped to a more than three-month low, and technology shares led the decline. Trump welcomed Xi Jinping to the White House, with talks expected to cover AI regulation, the Middle East conflict and Taiwan. Higher energy costs also increased bets that the Federal Reserve may raise rates again next month.

Brent futures rose to 107 dollars a barrel after Yemen’s Houthis said they attacked Saudi military sites in Jazan.

The yield on the 30-year Treasury bond reached its highest level since 2004.

At 11:44 a.m. ET, the Dow Jones Industrial Average was down 337.09 points, the S&P 500 had fallen 35.17 points, and the Nasdaq Composite had dropped 199.02 points.

The CME Group’s FedWatch Tool showed a 71 percent chance of at least a 25-basis-point Federal Reserve hike next month.

New York Fed President John Williams said it was reasonable to think rates might need to be raised again this year.

Published Sep 25, 2026 1:58 am KST

Traders work on the floor of the NYSE at the opening bell at the New York Stock Exchange on Wall Street on Monday in New York City. UPI-Yonhap

Wall Street's main indexes dropped on Thursday, with the blue-chip Dow hitting a more than three-month low, as escalating tensions in the Middle East lifted oil prices and Treasury yields while investors monitored a US-China summit.

Crude prices shot up $4 a barrel, with Brent futures hitting $107 after Yemen's Houthis said they attacked Saudi military sites in Jazan, days after US and Iran leaders exchanged barbs at the UN General Assembly.

The developments stoked inflation concerns, with the yield on the 30-year Treasury bond reaching its highest since 2004. Bond prices move inversely to yields.

Technology stocks led declines on the S&P 500, with Nvidia, Broadcom and Microsoft slipping over 1 percent each. Analysts, however, said faith in the AI trade, which powered the Nasdaq to record highs earlier this week, helped limit losses.

"People were maybe less willing to chase stocks, but they didn't seem particularly eager to sell them," said Steve Sosnick, chief market analyst at Interactive Brokers.

Oracle dropped 5 percent after a report said it sent a "force majeure" notice to protect itself from potential cost increases related to a large data center project in New Mexico. Shares of alternative asset manager Blue Owl, whose unit is developing the project, also fell 5 percent.

At 11:44 a.m. ET, the Dow Jones Industrial Average fell 337.09 points, or 0.65 percent, to 51,174.50; the S&P 500 lost 35.17 points, or 0.46 percent, to 7,670.68 and the Nasdaq Composite lost 199.02 points, or 0.74 percent, to 26,737.02.

Eight of the 11 sectors on the benchmark index were trading lower, while the energy sector gained 1.5 percent. The CBOE Volatility Index, sometimes referred to as Wall Street's fear gauge, climbed to a one-week top of 16.2 points.

Xi at the White House

President Donald Trump welcomed Chinese President Xi Jinping to the White House for a lavish state summit, with investors anticipating discussions around AI regulation, the Middle East conflict and Taiwan. The leaders are expected to meet executives from top US companies.

US Treasury Secretary Scott Bessent, meanwhile, said on Wednesday that the two superpowers have agreed to extend their truce until January 10.

Higher energy costs and recent data suggesting strong business activity and a robust labor market led investors to bet on further interest rate increases by the Federal Reserve. They now see a 71 percent chance of at least a 25-basis-point hike next month — up from around 50 percent a day ago — the CME Group's FedWatch Tool showed.

New York Fed President John Williams, who has a vote on the Federal Open Market Committee, underlined those expectations. It was reasonable to think that rates might need to be raised again this year, he said.

Meta Platforms, which has been in focus for its Muse consumer AI agent, on Wednesday launched Charm, a handheld gadget for using Muse. The social media giant's shares climbed 1.1 percent.

Among other movers, MGM Resorts slumped 10 percent after media mogul Barry Diller's People Inc withdrew its proposal to purchase the casino operator.

Everpure jumped 18.2 percent after the data management and storage company announced strong preliminary revenue forecasts.

Declining issues outnumbered advancers by 2.99-to-1 ratio on the NYSE and by 2.55-to-1 on the Nasdaq.

The S&P 500 posted 10 new 52-week highs and 36 new lows while the Nasdaq Composite recorded 35 new highs and 187 new lows.

周四，受中东紧张局势推高油价和美国国债收益率的影响，华尔街股市下跌，投资者密切关注在华盛顿举行的美中峰会。道琼斯指数跌至三个多月以来的低点，科技股领跌。特朗普在白宫欢迎习近平主席到访，预计会谈内容将涵盖人工智能监管、中东冲突和台湾问题。能源价格上涨也加剧了市场对美联储下月可能再次加息的预期。

也门胡塞武装声称袭击了沙特在吉赞的军事目标后，布伦特原油期货价格上涨至每桶107美元。

30年期美国国债收益率达到2004年以来的最高水平。

美国东部时间上午 11:44，道琼斯工业平均指数下跌 337.09 点，标准普尔 500 指数下跌 35.17 点，纳斯达克综合指数下跌 199.02 点。

芝加哥商品交易所集团的 FedWatch 工具显示，美联储下个月加息至少 25 个基点的可能性为 71%。

纽约联邦储备银行行长约翰·威廉姆斯表示，有理由认为今年可能需要再次加息。

发布于2026年9月25日凌晨1点58分（韩国标准时间）

周一，在纽约华尔街的纽约证券交易所，交易员们在开市钟响起时在交易大厅内忙碌着。（UPI-Yonhap）

周四，华尔街主要股指下跌，蓝筹股道琼斯指数跌至三个多月以来的最低点，原因是中东紧张局势升级推高了油价和美国国债收益率，同时投资者也在关注美中峰会。

也门胡塞武装声称袭击了沙特阿拉伯在吉赞的军事目标后，原油价格飙升每桶 4 美元，布伦特原油期货价格达到每桶 107 美元。此前几天，美国和伊朗领导人在联合国大会上互相指责。

这些事态发展加剧了人们对通胀的担忧，30年期美国国债收益率达到2004年以来的最高水平。债券价格与收益率呈反向关系。

科技股领跌标普500指数，英伟达、博通和微软的跌幅均超过1%。不过，分析师表示，市场对人工智能交易的信心（本周早些时候，人工智能交易推动纳斯达克指数创下历史新高）有助于限制跌幅。

“人们可能不太愿意追逐股票，但他们似乎并不特别渴望抛售股票，”盈透证券首席市场分析师史蒂夫·索斯尼克表示。

据报道，甲骨文公司发出“不可抗力”通知，以应对新墨西哥州大型数据中心项目可能带来的成本上涨，受此消息影响，甲骨文股价下跌5%。负责该项目开发的另类资产管理公司Blue Owl的股价也下跌了5%。

美国东部时间上午 11:44，道琼斯工业平均指数下跌 337.09 点，跌幅 0.65%，至 51,174.50 点；标准普尔 500 指数下跌 35.17 点，跌幅 0.46%，至 7,670.68 点；纳斯达克综合指数下跌 199.02 点，跌幅 0.74%，至 26,737.02 点。

基准指数的11个板块中有8个板块下跌，而能源板块上涨1.5%。芝加哥期权交易所波动率指数（VIX，有时被称为华尔街恐慌指数）攀升至一周高点16.2点。

习近平在白宫

美国总统唐纳德·特朗普在白宫热情接待了中国国家主席习近平，举行了一场盛大的国事峰会。投资者们期待双方就人工智能监管、中东冲突和台湾问题展开讨论。预计两国领导人还将与美国顶尖企业的高管会面。

与此同时，美国财政部长斯科特·贝森特周三表示，这两个超级大国已同意将休战期延长至1月10日。

能源成本上涨以及近期数据显示强劲的商业活动和稳健的劳动力市场，促使投资者押注美联储将进一步加息。芝加哥商品交易所集团（CME Group）的FedWatch工具显示，投资者目前认为下个月至少加息25个基点的可能性为71%，高于一天前的约50%。

纽约联储主席约翰·威廉姆斯（John Williams）是联邦公开市场委员会的投票成员，他强调了这些预期。他表示，认为今年可能需要再次加息是合理的。

Meta Platforms公司因其面向消费者的AI代理Muse而备受关注，该公司周三推出了Charm，一款用于配合Muse使用的手持设备。这家社交媒体巨头的股价上涨了1.1%。

在其他股价变动的公司中，美高梅度假村股价下跌了 10%，此前传媒大亨巴里·迪勒旗下的 People Inc 公司撤回了收购这家赌场运营商的提议。

数据管理和存储公司 Everpure 公布强劲的初步营收预测后，股价上涨了 18.2%。

在纽约证券交易所，下跌股票数量与上涨股票数量之比为 2.99 比 1；在纳斯达克，下跌股票数量与上涨股票数量之比为 2.55 比 1。

标准普尔 500 指数创下 10 个 52 周新高和 36 个新低，而纳斯达克综合指数创下 35 个新高和 187 个新低。