USO invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.
United States Oil Fund LP · Issued by Other
Tracks: Front-month WTI crude oil futures (rolled monthly).

Markets are taking a beating as crude oil surges past $100 and Treasury yields hit multi-year highs, setting up a make-or-break inflation report that could seal the Fed's next move. Wall Street analysts are already repositioning across semiconductors, biotech, and energy ahead of the fallout.

As of 11:43 AM ET, the S&P 500 (^GSPC -0.49%) is down 0.48% to 7,636.59, the Nasdaq Composite (^IXIC -0.69%) has fallen 0.68% to 7,636.59, and the Dow Jones Industrial Average (^DJI -0.68%) is trading 0.73% lower at 52,399.06, as oil prices fuel inflation concerns.

Ahead of the bell Wall Street looks set for a quiet open, but don't let that fool you; there's plenty simmering under the surface. Dow futures slipped 0.3% following Tuesday's rough session, while S&P 500 and Nasdaq-100 contracts eased 0.2% and 0.4% respectively.

The geopolitical conflict in the Middle East is driving oil prices in a volatile fashion. Investors are focusing on the day-to-day events in the Middle East, allowing emotions to dictate their decisions.

On Sept. 1, 2026, rising crude and Treasury yields pressured equities across nearly every sector, with tech stocks bearing the brunt of the selloff.

U.S. stock futures slip as Iran strikes lift oil, Treasury yields hit new highs and Friday's jobs report becomes the next test for tech stocks.
Prefer to listen? Hear this as a ~5-minute audio briefing on The GuruFocus Brief.Stock NewsMeta faces pivotal child safety trial: Meta Platforms (META) is on tr

OPEC is adjusting its forecast to a changed environment, but it clearly believes that change will be temporary.