Stock Market Today, Aug. 11: Markets Slip as Oil Prices Rise, Upwork Tumbles on Mixed Earnings

U.S. equities fell August 11 as rising oil prices and Middle East tensions pressured investor sentiment. The S&P 500 dropped 0.32%, the Nasdaq Composite shed 0.60%, and the Dow Jones declined 0.34%. Technology stocks bore the brunt of the selloff while energy and healthcare sectors posted gains.

Upwork and Entravision Communications tumbled following disappointing quarterly results, though specific earnings figures weren't detailed in the source report. Nvidia announced a $500 billion AI infrastructure financing initiative, though the market reaction remained muted amid broader tech weakness.

The session's divergence between energy strength and technology weakness reflects investor concern over how sustained oil price increases may feed into inflation expectations. Healthcare stocks managed gains despite the broader market pullback.