U.S. stocks ended lower on Wednesday, with the S&P 500 down 0.75% at 7706, the Nasdaq down 1.13% at 26936 and the Dow off 0.68% at 51511. Oil prices climbed nearly 4% as Iran’s president told the United Nations that Tehran would never surrender to U.S. pressure. Energy shares rose against the broader decline, while higher Treasury yields weighed on technology stocks, with Alphabet and Amazon among the biggest drags, according to the report.

SoftBank Group has raised the size of its margin loan backed by Arm Holdings shares to $25 billion from $20 billion, an increase of $5 billion. The facility has now been expanded three times since it was launched in 2023, when it started at $8.5 billion. Founder Masayoshi Son is seeking funding for a widening slate of AI investments, including a nearly $65 billion commitment to OpenAI. SoftBank owns almost 90% of Arm.

Dow Jones futures fell nearly 350 points after attacks on Saudi energy facilities pushed Brent crude above $108 a barrel, adding to inflation worries. The 10-year US Treasury yield climbed above 5%, while investors positioned for a widely expected Federal Reserve rate increase on Wednesday. The backdrop includes data showing US consumer prices accelerated in August and core inflation posted its biggest increase in four months.

Anthropic has chosen Nasdaq as the venue for a potential IPO and is aiming for an October listing. Founded by former OpenAI executives, the company’s valuation has not been finalised after a previous funding round that valued it just under $1 trillion. Its developer tool Claude Code has helped lift projected annual revenue to $65 billion, even as the company lost almost $42 billion in 2025 and is expected to keep burning cash for years, according to US media reports.

A strengthening El Niño has pushed India’s monsoon rainfall to about 15% below normal, raising risks for the next sugar crop. Analysts expect India’s 2026/27 sugar output to fall to 29 million to 31 million tons, versus 31 million tons this season. The International Sugar Organization has warned the global market could face a deficit of roughly 260,000 tons. India last month allowed duty-free imports of raw sugar to curb record domestic prices, while New York raw sugar futures are up about 30% this year.

Silver extended its decline as rising U.S. Treasury yields and firmer expectations of a Federal Reserve rate increase pressured the metal, pushing silver ETFs down more than 3%. SBI Silver ETF fell 3.2% and ICICI Prudential Silver ETF slid 3.1%. Spot silver slipped 0.3% to $63.40 an ounce after plunging 5.5% in the prior session, while the probability of a rate hike rose to around 70%, according to Reuters. Gold ETFs also traded lower, and Brent crude climbed 6% on geopolitical conflict.

Brent crude futures rose 1% to $108.68 a barrel and WTI gained 1% to $103.45, putting both benchmarks on track to end the week above $100 a barrel for the first time since midMay. Attacks along key Middle East shipping routes stoked concerns about supply disruptions, leaving oil up nearly 13% on the week, the steepest gain since the week ended July 17. Gold was steady near $4,315 an ounce while silver slipped 0.3% to $63.40 an ounce.

Precious metals slid sharply on September 10, with Comex gold down 1.68% to below $4,386 an ounce and silver plunging 5.37% to near $65 an ounce. The Dollar Index rose to 95.46 while Brent crude climbed above $102 a barrel. U.S. Treasury yields also moved higher, reinforcing inflation concerns and expectations of tighter Federal Reserve policy, which weighed on bullion.

Apple introduced its first foldable phone, the iPhone Duo, priced at $1,999. The passport-style device opens into a 7.6inch display that can be used horizontally or vertically and includes a smaller outer screen when folded. The launch was led by new CEO John Ternus and is seen as Apple’s biggest iPhone redesign since the iPhone X in 2017. Analysts forecast strong demand and say Apple could take 40% of the foldable market by the end of next year, even as the stock fell 0.3% on the day of the announcement.