Money
Oil Price Surge Drags Down US Stock Indices
US stock indices fell for a third straight day on September 9 as Brent crude oil prices hit approximately $101 per barrel due to US-Iran tensions.
September 9, 2026, 11:14 PM·Crypto Briefing

US stock indices fell for a third straight day on September 9 as Brent crude oil prices hit approximately $101 per barrel due to US-Iran tensions.

RBC Capital Markets warns of a potential 5-10% drop in the S&P 500 due to seasonal weakness and the November 3 midterm elections.

U.S. stocks declined as escalating tensions between the U.S. and Iran pushed oil prices toward $99 per barrel.

HSBC's Global CIO Willem Sels believes US stocks are undervalued due to the market's failure to price in AI-driven productivity gains.
