Morgans AM - Wednesday, 19 August 2026

US equity markets weaker for a third straight session, with the S&P 500 and Nasdaq booking their largest daily percentage declines since 29 July as fading hopes for a US-Iran peace deal continued to pushed oil prices higher, while investors also continued to eye bond yields that are at multi-year peaks – Dow eased -116-points or 0.22%. Caterpillar Inc (down -4.63%) was the worst performer in the…