Live Markets: Wall Street camps out with the dogs

Freeport-McMoRan

11/08/2026 15:53

Main U.S. indexes edge green 
Industrials sector leads S&P 500 sector gainers; Real Estate down most
Euro STOXX 600 index up ~0.3%
Dollar ~flat; gold, U.S. crude edge up; bitcoin dips
U.S. 10-year Treasury yield edges down to ~4.68%
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WALL STREET CAMPS OUT WITH THE DOGS 
The main U.S. indexes are little changed early on Tuesday with industrial stocks .SPLRCI leading gains among S&P 500 .SPX sectors, while consumer staples stocks .SPLRCS sag. 
Joe Mazzola, head of trading and derivatives strategist at Charles Schwab, suggested that stocks were merely camping out as they waited for the next key economic report, with July's crucial consumer price index reading due out on Wednesday.
"The dog days of summer are here, characterized by thin volume, narrow index moves, and a lighter earnings flow, while market participants cast a wary eye on Treasury yields that keep tightening the vise," Mazzola wrote. 
Meanwhile, traders had a mixed bag of reports to sift through. 
U.S. small-business sentiment increased in July amid a surge in owners reporting plans to boost hiring, according to the National Federation of Independent Business. Its Small Business Optimism Index rose 2.4 points to 99.8 last month, the highest level since August 2025 and surpassing its 52-year average of 98.0.
But separately, the National Association of Realtors said U.S. existing home sales fell for a second straight month in July, and that the market would be thriving if mortgage rates were lower.
Oil prices are close to flat after hitting their highest for more than a week as analysts assessed talks between Oman and Iran over shipping through the Strait of Hormuz. Bloomberg News reported that Pakistan's Defense Minister Khawaja Asif said in an interview that the United States and Iran are close to "some sort of an arrangement."
Still, sources said that three crew members were killed in a suspected attack by Iran-backed Houthis on a small cargo vessel in the Bab el-Mandeb Strait on Tuesday while a container ship was hit by a missile off Pakistan in a suspected U.S. attack.
Here is your morning snapshot from 10:28 a.m. ET (1428 GMT):
(Sinéad Carew)
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EARLIER ON LIVE MARKETS:
WHAT GETS SQUEEZED AS AMERICA'S AI SPENDING BOOM ACCELERATES? CLICK HERE
ALL THAT GLITTERS IS RALLYING AGAIN CLICK HERE
HALF-TIME IN EUROPE: EKING OUT GAINS CLICK HERE
THREE BIG THEMES, GOLDMAN SAYS EACH POSITIVE FOR RISK ASSETS FOR NOW CLICK HERE
IN THE AI ERA, DATA, NOT SCALE, MAY DRIVE M&A CLICK HERE
STOXX FLATLINES AS ENERGY STOCKS RISE, TRAVEL DOWN CLICK HERE
BEFORE THE BELL: EUROPE SET FOR SUBDUED START AS OIL TOPS $89 CLICK HERE
MIDDLE EAST DEADLOCK CLICK HERE
     

Wall Street indexes are barely changed https://fingfx.thomsonreuters.com/gfx/mkt/zjvqggrwyvx/Pasted%20image%201786458518859.png