U.S. stocks rebound as oil retreats after topping $100 and Fed hike odds rise

Sep 10, 2026 21:22 (45d ago)

U.S. stocks ended a four-session slide as crude retreated from Middle East-driven gains, though the major indexes still finished the week lower.
August core CPI rose 0.3% monthly, while futures priced an 85.6%-90% chance of a 25-basis-point Federal Reserve hike and diesel reached about $6.05-$6.06 a gallon.
WTI and Brent fell roughly 2%-3% after topping $100, while Oracle reported $664 billion in remaining performance obligations and Skyworks gained on Qorvo merger progress.

U.S. stocks rebounded after four consecutive losing sessions as crude prices retreated from above $100 a barrel, although the major averages remained lower for the week. Closing snapshots showed the Dow up between 509.19 and 576.85 points, the S&P 500 up between 0.86% and 0.97%, and the Nasdaq up between 0.96% and 0.99%. WTI and Brent fell roughly 2%-3% after Middle East tensions had driven oil higher. August headline CPI rose 0.4% month on month and 3.4% year on year, while core CPI rose 0.3% monthly and 2.4% annually; futures put the probability of a 25-basis-point Federal Reserve increase at the Sept. 15-16 meeting near 85.6%-90%.