U.S. Stocks Fall for Third Straight Session

0:00This message is presented by KPMG Private. We bring together audit and assurance, tax and advisory services designed specifically for private companies. With experience professionals, advanced technology, and the reach of a global network, we support progress that pace your business demands. Here's your closing bell brief for Wednesday, September 9. I'm Imani Moellese for the Wall Street Journal. US docs finished lower for a third straight session, as oil prices settled above $100 a barrel for the first time since July. The NASDAQ fell 0.64%, the S&P 500 declined 0.48%, and the Dow ended 0.77% lower. Brent Crude futures jumped more than 3% today to settle at $101.21 cents a barrel in response to a fresh round of strikes in the Middle East. The 10-year treasury yield reached its highest levels in 2023, after investors were disappointed by the size of the treasury department's

1:00expanded bond buyback program. Among individual companies, Apple shares were little changed, as the company unveiled its latest product lineup, including a foldable iPhone, falling just 0.28%. The stock has lagged behind the S&P 500 on each of the past five iPhone launch days. Chewie shares plunged nearly 11%, after the pet supplies retailer reported quarterly earnings that failed to impress investors. Even though the company raised its annual financial guidance today, the stock had its largest percent decrease in about a year. Giant financial shares climbed nearly 7%. After the Fintech giant agreed to pay $590 million in cash to acquire Oklahoma-based lender-stried LRN bank. And Amazon shares dipped nearly 2%, after investigators said two systems that could have slowed an Amazon air flight that crashed Miami over the weekend weren't deployed. Heads up, an artificial intelligence tool helped this make this episode

2:01by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor. We'll have more coverage of the day's news on the WSJ's What's News podcast. Listen and subscribe wherever you get your podcasts. David Booth, the founder of Trillion Dollar Asset Manager Dimensional, has a new book out called Stay Calm. This isn't a book about how to invest. It's a book about how to think about investing. It's not about picking stocks. It's about taking stock of what really matters. Investing is fundamentally about managing uncertainty and so is life, which means that you may have spent your life developing your skill set for investing without even realizing it. Learn about the science and mindset behind building true wealth and stay calm by David Booth at staycominvesting.com.