Market Midday: Stocks Lower, Oil Rises Amid Iran War Concerns • 8/11/26

• Stocks are modestly lower, with the Dow down 34 points and Nasdaq down 85 points (0.3%).
• US crude oil is up about 1% to over $83 a barrel, driven by uncertainty about the Iran war.
• Existing home sales fell 1.7% in July, but the median home price increased 2% year-over-year to $434,100, with mortgage rates hovering around 6.6%.
• The S&P 500 index is up 13% year-to-date, described as a 'very nice market environment' by an asset manager.
• Movies like 'Spider-Man: Brand New Day' and 'The Odyssey' have collectively made over $1 billion at the global box office.

The CNBC Business News Update reports a modest decline in stock markets, with the Dow down 34 points and Nasdaq down 85 points. Oil prices rose due to concerns about the Iran war. Existing home sales fell in July, but median prices increased year-over-year, while the box office saw strong performance from major films.