Live Markets: Red Sea: U.S. stocks end lower amid broad selloff

Toll Brothers

17/08/2026 21:14

Main U.S. indexes close red; S&P 500 off most, down 0.52%
Comm Svcs weakest S&P 500 sector; Energy sole gainer
Dollar slips; gold up ~1%; bitcoin up ~2%, U.S. crude gains >2.5%
U.S. 10-year Treasury yield rises to ~4.73%
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RED SEA: U.S. STOCKS END LOWER AMID BROAD SELLOFF
Wall Street embarked on this mid-August week in a minor key, with all three major U.S. stock indexes posting modest losses on the day.
Among the 11 major sectors of the S&P 500 .SPX, only one of them—energy stocks .SPNY—ended green, with a nice boost from rising crude prices. WTI and Brent settled up 2.6% and 2.7%, respectively, as markets pondered the U.S.-Iran stalemate and its resulting potential supply issues.
Chips .SOX and gold/silver stocks .XAU were also blatant outperformers on the day.
Among individual stocks, semiconductor companies SanDisk SNDK.O, Marvell MRVL.O and Applied Materials AMAT.O all jumped 5% or more, while Mag 7 members Meta META.O and Microsoft MSFT.O slid 3.5% and 3.0%, respectively.
On the losing end, software & services .SPLRCIS lagged well behind, dropping 2.8%, with airline .SPCOMAIR travel/leisure shares .SPCOMHOTL also ending sharply lower on the session.

    On the data front, the Empire State index surged to a 4-1/2-year high, handily overshadowing the negligible uptick in homebuilder sentiment.
  
On Tuesday, home improvement retailer Home Depot HD.N, Chinese search platform Baidu BIDU.O, and homebuilder Toll Brothers TOL.N are due to step up to the plate.
Tomorrow, more housing data is on tap, with housing starts, building permits and pending home sales on the docket. Industrial production and import/export prices round out a full data menu.
Here's your closing snapshot: 
(Stephen Culp)
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EARLIER ON LIVE MARKETS:
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MONDAY, MONDAY: EMPIRE STATE, HOMEBUILDER SENTIMENT CLICK HERE
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NASDAQ NEARS RECORDS AS RISING BREADTH SUPPORTS BULLISH OUTLOOK CLICK HERE
WHY THE ENERGY SHOCK HASN'T BEEN SO BAD FOR EUROPE THIS TIME CLICK HERE
DON'T WORRY ABOUT AI INVESTMENT SLOWING CLICK HERE 
EUROPE'S TIME TO SHINE? CLICK HERE
TECH, MINERS LIFT STOXX CLICK HERE
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COULD CONSUMERS KEEP THE FED ON HOLD, WHILE JAPAN HIKES? CLICK HERE
     

Closing snapshot https://www.reuters.com/graphics/USA-STOCKS/akperwgqnvr/closer.png