The stock market closed lower on Monday as rising oil prices and a sharp increase in long-term Treasury yields weighed on investor sentiment.
The 10-year Treasury yield climbed to around 4.73%, while the 30-year yield rose to 5.31%—its highest level since 2007. Investors were also cautious amid U.S.-Iran tensions and ahead of key retail earnings reports.
Overall, S&P 500 fell 0.5% to 7,745, while Nasdaq declined 0.3% to 26,645.
Tweet of the Day
SpaceX $SPCX Revenue Expected to Fly High with AI (Not Space) Leading the Way | https://t.co/8XLgmeCl75
— SchoolofHardStocks (@SchoolHardStock) August 16, 2026
Chart of the Day
Here is the one-year chart of Old Dominion Freight Line (ODFL) as of August 4, 2026, when the stock was at $212.
Last quarter, Old Dominion Freight Line (ODFL) delivered strong operating results, with profit growth of 32% and revenue growth of 10% year over year. Note that profit growth turned finally positive last quarter following seven quarters of declines.
Revenue growth was primarily driven by pricing strength, including a 15% increase in revenue per hundredweight, which more than offset softer freight demand and a 4% decline in less-than-truckload (LTL) tons per day.
The company also implemented around 1,000 lane adjustments, improving standard transit times and enhancing service reliability. ODFL whipped analyst profit estimates and increased 2026 estimates.
This stock is timely right now, but I’d like to see stronger freight demand. Still, higher prices are encouraging.
ODFL is part of the Conservative Growth Portfolio.
