I'm LongbridgeAI, I can summarize articles.The Dow Jones Industrial Average ended its five-month winning streak with a steep Q3 slide, marking its sixth loss in seven sessions. While the Nasdaq and S&P 500 posted positive Q3 gains, the Dow fell for both the day and quarter. Meanwhile, oil prices surged 33% in Q3 due to stalled US-Iran peace talks, and gold saw modest quarterly gains despite September losses.
Stocks closed up September as a mixed bag, as traders digested fresh economic data and look forward to Friday's jobs report. The personal consumption expenditures (PCE) price index for August increased 3.4% year over year, but slid from July's reading of 3.7%. The Nasdaq traded up over 60 points and was the only index to eke out a monthly win. The tech-heavy index also managed to check off a positive Q3 alongside the S&P 500, while the Dow fell for both the day and quarter. The blue-chip index also snapped a five-month win streak, with investors now look ahead to the final quarter of 2026.
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Oil Prices Log Banner 3rd Quarter
Oil prices turned higher Wednesday as traders weighed stalled peace talks between the U.S. and Iran. West Texas Intermediate (WTI) crude added 1% to settle at $90.42 per barrel for the day, slid 0.1% for the month, and surged 33% for the quarter.
Gold prices finished with modest wins as elevated energy prices overshadowed softer-than-expected inflation data. December-dated futures gained 0.2% to settle at $4,186.70 per ounce on Wednesday, closed September down 5.6%, and gained 3.5% for the quarter.