Stocks fall 0.8% as oil tops $100 and Fed hike bets rise

  • U.S. stocks ended lower as oil prices, Treasury yields and Fed hike expectations increased.
  • S&P 500 fell 0.8%, Dow dropped 1.6% and Nasdaq declined 0.7% during the week.
  • Benzinga highlighted bullish GameStop, Marvell and Oracle stories alongside bearish Robinhood, Casey’s and Burry coverage.

U.S. stocks ended the week lower despite a Friday rebound as Brent crude climbed above $100 a barrel, the 10-year Treasury yield approached 5%, and markets increasingly priced a Federal Reserve rate hike at next week’s meeting. The S&P 500 fell 0.8%, the Dow Jones Industrial Average declined 1.6%, and the Nasdaq Composite dropped 0.7%. August consumer prices rose 0.4% from July, while core CPI increased 0.3%, pushing the implied probability of a quarter-point hike to roughly 85%-90%. Higher gasoline and diesel costs, with diesel reaching around $6 a gallon, raised concerns that transportation expenses could keep inflation elevated. Oracle’s cloud revenue rose 62% to $11.6 billion, while Apple unveiled its iPhone 18 lineup, including a foldable model. Benzinga’s bullish coverage highlighted GameStop’s collectibles growth, Marvell’s potential exposure to a $300 billion AI infrastructure market by 2030, and Oracle’s AI-driven cloud expansion. Bearish coverage focused on Robinhood’s declining event-contract activity, Casey’s slower same-store sales growth despite an earnings beat, and Michael Burry’s sale of December 2026-dated put options in Nvidia and Palantir.

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