Oil Rally Pauses, Easing Inflation Worries; U.S. Stocks End Three-Day Losing Streak, Bitcoin Holds Steady

Oil Rally Pauses, Easing Inflation Worries; U.S. Stocks End Three-Day Losing Streak, Bitcoin Holds Steady

N
News Editor
2026-09-02 23:31:07
The U.S. August ADP employment data missed expectations, and Trump threatened to strike Iran again, causing oil prices to initially rise then fall. WTI briefly touched $90 before closing lower. U.S. stocks snapped a three-day losing streak, with the Dow up 0.56%, led by tech stocks. Bitcoin traded near $77,195, down 0.13% in 24 hours.

According to BlockBeats, on September 3, the U.S. August ADP employment data came in below expectations, while former President Donald Trump threatened to strike Iran again. As the market continued to assess the potential impact of renewed military confrontation between the U.S. and Iran, crude oil prices first rose then fell.

WTI crude briefly breached the $90 mark intraday but quickly retreated, erasing all gains to close 0.28% lower at $89.12 per barrel. Brent crude also ended 0.11% lower at $94.30 per barrel.

In U.S. equities, the Dow Jones Industrial Average rose 0.56%, the S&P 500 gained 0.46%, and the Nasdaq added 0.45%, ending a three-day losing streak. Nvidia (NVDA.O) and Oracle (ORCL) both advanced 3%, while SK Hynix (SKHY.O) and Micron Technology (MU.O) climbed over 2%. Dell Technologies (DELL.N) surged 15.7%.

Bitcoin remained subdued, trading at $77,195 as of press time, down 0.13% over the past 24 hours, according to HTX data.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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