Stock Market News for Aug 11, 2026
Zacks Equity Research
Tue, August 11, 2026 at 3:21 PM GMT+5:30
3 min read
Wall Street closed lower on Monday as higher oil prices fueled concerns over inflation and interest rates. Moreover, earnings results were encouraging. The Nasdaq Composite, the S&P 500 and the Dow ended in negative territory.
How Did the Benchmarks Perform?
The Dow Jones Industrial Average (DJI) fell 0.1%, or 60.95 points, to close at 53,975.98. Fifteen components of the 30-stock index ended in negative territory, and 15 ended in the positive
The tech-heavy Nasdaq Composite declined 0.3%, to close at 26,605.36
The S&P 500 lost 0.1% to end at 7,753.11. Out of the 11 sectors of the broad-market index, five ended in negative territory, while six were in positive territory. The Real Estate Select Sector SPDR (XLRE), the Utilities Select Sector SPDR (XLU), and the Information Technology Select Sector SPDR (XLK) fell 1.2%, 1.1%, and 1.1%, respectively, while the Energy Select Sector SPDR (XLE) rose 4.6%
The fear gauge, the CBOE Volatility Index (VIX), increased by 3.8% to 15.46. Decliners outnumbered advancers on the NYSE by a 1.39-to-1 ratio. On the Nasdaq, a 1.47-to-1 ratio favored declining issues. The S&P 500 posted 20 new 52-week highs, and one new low, and the Nasdaq Composite recorded 107 new highs and 74 new lows
Oil Prices Rise as Iran Tensions Trigger Supply Concerns
Oil prices surged on Monday as Iran tensions put the focus on energy supplies. West Texas Intermediate crude futures rose to $82.32 per barrel, while Brent crude futures gained to $87.86 per barrel, both up on the day due to the geopolitical factors
Tensions between Washington and Tehran remained high on Monday, with President Donald Trump calling on Iran to pay compensation to the families of people killed by Tehran in recent years. Iran in the past demanded compensation from the U.S. and from Israel for losses and for the damage caused by their military strikes against Iran
Inflation is gaining additional weight with rising oil prices. As energy prices are increasing, so will the pressure on consumer prices and thus the challenge for central banks to implement an easing of monetary policy, raising concerns that interest rates may have to stay on a higher level for a longer period of time
Solid Earnings Results
National Energy Services Reunited Corp.NESR reported second-quarter 2026 adjusted earnings of $0.44 per share, up from $0.21 a year ago and ahead of the Zacks Consensus Estimate of $0.35 per share. Total revenues were $520.75 million, up from $327.37 million a year ago and 13.60% above the consensus estimate
