U.S. stocks rebound after five-session slide as oil prices fall

  • U.S. stocks rebounded after five consecutive sessions of losses on September 11.
  • 0.98%: The Dow rose 509.19 points to close at 52,573.29.
  • Oil prices fell as August CPI broadly matched forecasts, while core CPI exceeded expectations.

U.S. stocks recovered on September 11 after five consecutive losses, supported by falling oil prices and an August CPI report that broadly matched expectations. The Dow Jones Industrial Average gained 509.19 points, or 0.98%, to 52,573.29, while the S&P 500 rose 0.86% to 7,656.98 and the Nasdaq Composite advanced 0.96% to 26,333.04. Brent crude for November delivery fell 2.8% to $104.61 a barrel, ending a six-session advance, while West Texas Intermediate for October delivery dropped 2.4% to $100.05, ending a nine-session winning streak. Headline CPI rose 0.4% month over month and 3.4% year over year, broadly matching forecasts. Core CPI, which excludes food and energy, increased 0.3% from the previous month, above expectations for a 0.2% gain. The data did little to reduce expectations for further Federal Reserve tightening, with CME FedWatch showing the probability of a 25-basis-point increase at the September 15-16 Federal Open Market Committee meeting rising above 86%. Two-year Treasury yields reached their highest intraday level since July 2024, but lower oil prices eased concerns about renewed inflation and helped equities withstand higher-rate pressure. A Shutterstock photo accompanied the report.

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