Global Cues Weigh on Stock Market as Dow Slips and Nasdaq Edges Higher

U.S. stocks slipped as concerns over global growth intensified following a slowdown in Chinese services activity. The S&P 500, Dow Jones, and Nasdaq all showed losses, while Treasury bonds fell and the benchmark 10-year Treasury yield rose. U.S. crude reached a 2023 high after Saudi Arabia announced extended production cuts, boosting the energy sector. Meanwhile, airline shares and some homebuilders' stocks declined. Airbnb's stock surged after news that it will join the S&P 500 on September 18. Chinese stocks also declined, with the Shanghai Composite Index and Hong Kong's Hang Seng Index both experiencing losses.