Welcome to Markets Desk, here's what's moving markets right now.
Treasury yields pulled back broadly on Tuesday morning after touching fresh highs the session prior, with oil prices sliding in tandem. The retreat in crude is adding pressure to energy names, though traders are watching the Strait of Hormuz closely, where nearly twenty commercial vessels, mostly tankers, have come under attack over the past month from Iranian forces. That geopolitical overhang keeps any sustained oil selloff in check, and the vulnerability of those export routes remains a live risk premium in the energy complex.
Shifting to the trade picture, the U.S. goods and services deficit widened sharply in August two thousand twenty six, climbing from ninety-two point eight billion dollars in July to one hundred five point six billion, as imports outpaced exports by a significant margin. The goods deficit alone expanded nearly thirteen billion dollars, a reading that will complicate the Federal Reserve's read on domestic demand and could renew pressure on policymakers navigating a still-sticky inflation environment.
Meanwhile, Google is deepening its commitment to nuclear energy with a fresh deal involving Constellation, whose shares are rallying sharply. The agreement is sized to deliver the equivalent output of a new reactor, underscoring how seriously hyperscalers are treating the power demands of artificial intelligence infrastructure.
That's the tape. Markets Desk, signing off the floor.
