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The U.S. Strategic Petroleum Reserve dropped to 285.4 million barrels as of early September, marking its lowest level since November 1982, according to Energy Information Administration data.
J.B. Hunt shares fell 13% after the trucking company projected third-quarter earnings would decline 5% to 10% due to elevated recruitment and fuel costs.
Escalating U.S.-Iran military operations have prompted Wall Street to reassess potential economic impacts, particularly regarding energy prices and their effects on consumers and corporate earnings.
Haidilao shares rose 7% after first-half results showed delivery revenue more than doubled to 2.05 billion yuan, while total revenue climbed 7.9% to 22.34 billion yuan.
The Federal Reserve is expected to announce a quarter-point rate hike, its first since 2023, amid elevated oil prices and Treasury yields breaching 5% amid resurgent inflation concerns.
Corporate tax payments fell 25% in the first 11 months of the fiscal year despite rising corporate profits, largely due to tax incentives included in Republican legislation passed in 2025.
