Dow Jones closes down 443 points amid oil and rate fears

Thansettakij•Economy•8d ago

Reader Briefing

The Dow Jones Industrial Average closed lower on Wednesday, September 30, driven by inflation concerns linked to rising oil prices.

•The Dow Jones Industrial Average closed down 443 points on September 30.
•US Department of Commerce reported August Headline PCE at 3.4% and Core PCE at 3.0%, both below analyst expectations.
•Rising oil prices stemming from the conflict between the US and Iran have fueled inflation fears.
•The US Department of Commerce reported a revised second quarter 2026 GDP growth of 2.2%.

•The Dow Jones Industrial Average closed down 443 points on Wednesday, September 30.
•The US Department of Commerce reported the Headline PCE rose 3.4% in August and the Core PCE rose 3.0% in August.
•Rising oil prices due to the war between the US and Iran triggered investor concerns regarding inflation.
•CME Group's FedWatch Tool showed the probability of the FED raising interest rates by 0.25% in October decreased to 37% from 51% on Tuesday.
•Nine out of eleven S&P500 sectors closed lower, led by consumer staples falling 1.68% and healthcare falling 1.39%.
•Hewlett Packard Enterprise shares rose 3.9% after raising long-term revenue growth forecasts and announcing a 1.2 billion dollar deal with Vultr.
•The US Department of Commerce reported the third estimate for GDP in the second quarter of 2026 expanded by 2.2%.
•Investors are awaiting US non-farm payroll data to be released on Friday, October 2.