U.S. stocks end mixed on August 10 as oil jumps 3.91%

U.S. equities finished mixed on August 10 after morning losses eased through the session, with the Dow Jones Industrial Average down 42.44 points, or 0.08%, to 53,994.49, the S&P 500 up 1.49 points to 7,759.13, and the Nasdaq Composite off 16.83 points, or 0.06%, to 26,673.79. The Philadelphia Semiconductor Index (chip-stock benchmark) fell 163.80 points, or 1.33%, to 12,192.99, marking the steepest decline among the major gauges, while market breadth on the S&P 500 and Nasdaq still favored decliners. The dollar firmed, with USD/JPY rising 1.17 yen to 158.93 after touching 159.06, EUR/USD slipping 0.0009 to 1.1550, and the U.S. Dollar Index climbing 0.19 points to 99.73, while Treasury yields rose by 3 to 5 basis points (one-hundredths of a percentage point). WTI crude futures (U.S. oil benchmark) surged $3.06, or 3.91%, to $81.24 a barrel, gold rebounded $17.20, or 0.39%, to $4,416.90 an ounce, and analysts said the oil rally both renewed inflation worries and supported energy shares, helping the S&P 500 eke out a gain. Nikkei 225 futures on the Osaka Exchange fell 300 points to 66,860, pointing to a softer start for Tokyo trading the next day.

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