Oil rose to $107 a barrel on Thursday, its first time above that level since May, as bond yields jumped. U.S. wholesale inflation increased 0.4% from June to July and was up 5.4% from a year earlier, reinforcing expectations the Federal Reserve will keep raising rates, with markets pricing about a 75% chance of a hike next week. U.S. stocks fell, with the S&P 500 down 0.6%, the Nasdaq composite down 0.7% and the Dow Jones Industrial Average off 350 points. Yields also moved higher after comments from Trump about giving a $5,000 “dividend” to all U.S. adults.

U.S. producer prices rose 0.4% month over month in August, matching expectations, while the year-over-year increase came in at 5.4%, slightly above forecasts. Core PPI, which excludes food and energy, increased 0.2% on the month, below expectations, and core less trade services rose 0.3%. Energy costs climbed sharply, with diesel prices surging 24.1% and lifting the overall index.

The data and analytics sector posted broadly better-than-expected Q2 results, with revenue coming in 2.6% above consensus estimates and next quarter revenue guidance 1.3% ahead. On average, the group’s shares have risen 8.1% since the earnings releases. Palantir reported revenue of $1.94 billion, up 92.8% year on year and 6.7% above expectations, while Samsara posted $508.4 million in revenue, up 29.9% and 5.2% ahead of forecasts. Domo was the slowest-growing company in the quarter.

U.S. forces destroyed five Iranian crude oil carriers on Tuesday, lifting concerns about supply disruptions in the Middle East. Brent crude futures rose 1.49% to $99.38 a barrel, while WTI gained 1.54% to $94.46 per barrel. U.S. equity futures were mixed, with Dow futures down 0.11% as S&P 500 and Nasdaq 100 futures edged higher.

IonQ raised its full-year 2026 revenue guidance to $260 million–$270 million, saying the outlook reflects strong commercial momentum and more than 100% year-over-year organic growth. The company said the projection excludes any potential impact from its pending acquisition of SkyWater Technology. IonQ also said it secured an $8.18 million commercial quantum security contract with Congruity360. Shares rose 9.5% in afternoon trading.

S&P Dow Jones said it will add Bloom Energy to the S&P 500 after the company’s second-quarter revenue topped $1 billion for the first time. Management lifted its full-year revenue outlook to $3.9 billion to $4.2 billion on accelerating data center deliveries. The company also expanded its project financing framework from $5 billion to $25 billion.

Elastic N.V. reported first-quarter fiscal 2027 revenue of $478 million, up 15% year over year, as sales-led subscription revenue rose 18% to $399 million. The company said enterprise adoption of its AI-powered search and cloud platform continues to expand. Shares jumped more than 15% in after-hours trading after the results. DA Davidson raised its price target to $100 from $80 while keeping a Neutral rating.

Cheniere Energy said its Corpus Christi Stage 3 liquefaction project reached substantial completion, adding new export capacity and underpinning expectations for stronger cash flow. The company also lifted its 2026 earnings guidance and updated its 2026 outlook. Options positioning was heavily tilted to calls as of Aug. 31, 2026, while LNG shares were quoted near $286 in late August after closing at $282.33 on Aug. 28, up $4.61 or 1.63% from that prior close.

Nvidia is set to report fiscal 2027 second-quarter results on Aug. 26. The company has guided for $91 billion in revenue, below Wall Street’s consensus estimate of $92.18 billion. Meeting that consensus would imply roughly 97% year-over-year growth. Last quarter, Nvidia reported $81.62 billion in revenue, beating expectations by $2.8 billion, yet the stock fell nearly 5% in the following week.