U.S. stocks rebound as oil eases and CPI expectations shift
The S&P 500 rose 0.86% to 7,656.98, the Dow gained 0.98% (+509 points) to 52,573.29, Nasdaq added 0.96% to 26,333.04, and the Russell 2000 rose 0.4%. August CPI rose 0.4% m/m and 3.4% y/y, with markets pricing near a 90% probability of a 25-bp Fed hike Wednesday.
S. stocks rebounded Friday, September 11, ending a four-day losing streak as softer oil prices helped offset firm inflation and growing expectations for a Federal Reserve rate hike. 4%. 4% year-over-year, leaving markets pricing about a 90% chance of a 25-bp Fed hike on Wednesday.
97%. Oil fell nearly 3%, easing pressure after its recent surge, while AI infrastructure shares stayed firm after Oracle earnings. Dell Technologies and Hewlett Packard Enterprise each jumped roughly 12%. 7%.