By William Collins, consultant in stock markets – Eurasia Business News, September 3, 2026. Article no 3141
U.S. stocks surged on Thursday as Treasury yields retreated following fresh labor-market and trade data, while oil prices extended their rally above $91 a barrel amid persistent Middle East tensions. Gold also held near record territory, with spot prices trading above $4,465 per ounce.
The Dow Jones Industrial Average rose 0.8% in afternoon trading, while the S&P 500 gained 0.6% and the tech-heavy Nasdaq Composite advanced 0.9%. Eight of the 11 S&P 500 sectors were higher, led by communication services, while healthcare was the day’s weakest-performing sector.
Treasury Yields Fall Ahead of Jobs Report
The bond market moved higher, pushing Treasury yields lower as investors positioned ahead of Friday’s closely watched nonfarm payrolls report.
The 2-year Treasury yield fell 5 basis points to 4.32%, while the benchmark 10-year yield declined 3 basis points to 4.74%. The 30-year Treasury yield slipped 2 basis points to 5.23%.
Fed Governor Christopher Waller helped support risk appetite after saying he would favor keeping interest rates unchanged if August inflation figures cooperate. His comments eased immediate concerns that the Federal Reserve may need to tighten policy further, giving a boost to growth-oriented technology and software stocks.
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The U.S. Treasury was also scheduled to buy back up to $12.5 billion of outstanding debt on Thursday under its regular debt-management program, adding another focus for fixed-income investors.
Jobless Claims and Trade Data
Economic data offered a mixed snapshot of the U.S. economy. Initial jobless claims increased by 2,000 to 206,000 for the week ended August 29, slightly above the 205,000 consensus estimate.
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Meanwhile, the U.S. goods and services trade deficit widened sharply to $88.6 billion in July, from $71.2 billion in June. The broader deficit may influence expectations for third-quarter economic growth, although the labor-market data continued to point to relatively contained layoffs.
Investors will now look to Friday’s payrolls report for clearer signals on hiring, wage pressures and the likely path of Federal Reserve policy.
Oil Prices Extend Rally
Oil prices rose for a fourth consecutive session as geopolitical risks outweighed hopes that the latest U.S.-Iran conflict could prove short-lived.
West Texas Intermediate crude gained 1.02% to $91.94 per barrel, while Brent crude added 0.56% to $96.17 per barrel. Traders remained focused on potential supply disruptions and risks to energy infrastructure and shipping routes across the Middle East.
Gold Price Today
Gold remained firmly elevated as lower Treasury yields and geopolitical uncertainty supported demand for the traditional safe-haven asset. Spot gold traded at approximately $4,465.60 per ounce at 10:07 a.m. New York time, up $78.10, or 1.78%, on the day. The session range shown was $4,380.60 to $4,496.10 per ounce.
Read also : Gold : Build Your Wealth and Freedom
A weaker-yield environment reduces the opportunity cost of holding non-interest-bearing gold, while rising oil prices and conflict-related uncertainty have reinforced demand for inflation hedges and haven assets. The combination leaves gold highly sensitive to Friday’s U.S. jobs report and the next round of inflation data.
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© Copyright 2026 – Eurasia Business News. Article no. 3141
