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Dow Jones Industrial Average closed up 294.95 points (+0.56%) at 53,061.83 on Sept. 2 (Wednesday). S&P 500 closed up 35.15 points (+0.46%) at 7,666.62. Nasdaq Composite closed up 118.05 points (+0.45%) at 26,217.83.

2026-09-03

Dow Jones Industrial Average closed up 294.95 points (+0.56%) at 53,061.83 on Sept. 2 (Wednesday). S&P 500 closed up 35.15 points (+0.46%) at 7,666.62. Nasdaq Composite closed up 118.05 points (+0.45%) at 26,217.83.

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2026-09-02

China's new-energy passenger vehicle market in August showed record penetration but softer overall volumes; wholesale shipments remained robust while retail sales weakened. Persistently high oil prices and optimized product supply are the primary sup

China's new-energy passenger vehicle market in August showed record penetration but softer overall volumes; wholesale shipments remained robust while retail sales weakened. Persistently high oil prices and optimized product supply are the primary supports for EV demand, but seasonal off‑peak, weak macro consumption, a high year‑ago base and dealer inventory pressure are significant headwinds. The late‑August back‑to‑school period, normally a replacement-buying peak, failed to produce the usual rebound. CPCA says the market has moved from August's recovery channel into a bottom‑consolidation phase; a sustained peak‑season recovery will need verification in Golden September and Silver October.
2026-09-02

BOC Governor Macklem said elevated energy prices are intensifying spillover risks.

BOC Governor Macklem said elevated energy prices are intensifying spillover risks.
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