Market Close: Stocks Higher, S&P 500 Gains Again, Treasury Yields Ease • 9/3/26

0:00CNBC Business News Update, Market Close Thursday. I'm Jessica Edinger. Wall Street opens Friday morning after a winning day for stocks. The Dow had its best day in a month. Treasury yields fell. The Dow was up 624 points more than 1% led higher by shares of Goldman Sachs. Up 3% sales force. Up almost 3%. The S&P 500 index was up 81 points Thursday. The NASDAQ up 366 points almost 1.5%. Some interest rate relief helped stocks. Here's CNBC's Mike Santoli. S&P still below last week's high, in today's high. You know, we're not really in the clearest yet. Also not dramatic moves in yields at this point. So we're still going to be just some degree in suspense about the data over the next week. What it means for the Fed and all the rest of it. Companies who shares at fresh all time highs on Thursday include oil names, marathon petroleum, Philip 66 and Valero.

1:00U.S. crude oil very close to $92 a barrel. Americans are heading into the long-labor day holiday weekend with prices at the pump at a record high for the holiday. Triple A says as of Thursday, Americans are paying $4.14 a gallon. Vice President JD Van said Thursday the Fed should lower interest rates. We feel quite confident that if you look at the inflation numbers, if you look at the CTI numbers, that it's proper and responsible for the Federal Reserve to lower interest rates. And words from the Federal Reserve Governor Christopher Waller helps stocks on Thursday. He said he's waiting for data to decide whether he'd vote to raise interest rates. More on that from CNBC, Senior Economics Reporter Steve Leesman. The comments from the Fed Governor raise additional doubts on whether or not there's going to be a hike at the September meeting. Waller firmly omits about whether to hike or to hold. And the August inflation report coming next Friday would be decisive. If there's continued progress towards our 2 percent goal, then I'm willing to hold,

2:02willing to support, holding the policy rate at its current level. But if inflation comes in hot, I would consider a rate hike. The probability of a Fed rate hike at the September meeting declined to 50 percent from 61 percent before Waller spoke. Full coverage of that important inflation report for August. Friday morning September 11 on CNBC, CNBC.com and the CNBC app on your phone. Invidia is buying the AI platform its agents hacked, hugging face for $13 billion. More insights, Patrick Morehead tells CNBC this Invidia move makes sense. Invidia just bought the place where developers decide which model to run, right? So it's distribution. Top line is about accelerating open source growth. And it's also a hedge, right? In the neoclouds hedge, the hyperscalers and I think hugging face hedges the closed labs building their own chips. Invidia shares, up almost 2 percent on Thursday. Hope for a trade deal with Canada anytime soon is fading.

3:04Here's CNBC's Andrew Ross Sorkin. Canada our second biggest trading partner set to start tariffs on American goods Tuesday, September 8th. It's a major trading dispute with billions of dollars online. David Cohen was the US ambassador to Canada. Do you see any path right now towards some kind of deal before this deadline? It's hard to see a path toward a resolution of anything in the next less than a week when both sides are so insistent that there are no talks ongoing and there no plan talks because you certainly can't get a resolution if you're not talking to each other. On Friday's watch list, it is a jobs Friday investors waiting for the August employment report from the Labor Department. New in theaters Friday. IFC's drama The Sun Never Sets a 24th thriller onslaught and Paramount Thriller by any means. Jessica Edinger CNBC. It's all about the money. I want to be the person in my family that creates an original well. How they earn it, spend it and make dreams come true.

4:05I'm not going to sugarcoat it. It's hard, but it's so worth it. Millennial money. This Saturday's three Eastern CNBC.