Stock market today: Dow, S&P 500, Nasdaq rise as CPI remains sticky, Fed rate-hike bets jump

LIVE Stock market today: Dow, S&P 500, Nasdaq rise as CPI remains sticky, Fed rate-hike bets jump Grace O'Donnell · Editor, Special Projects Updated Fri, September 11, 2026 at 6:52 PM GMT+2 1 min read ^IXIC CL=F ^DJI ^GSPC US stocks rose on Friday as investors digested the Consumer Price Index data, which showed inflation remained sticky and cemented bets that the Federal Reserve will hike interest rates next week. The Dow Industrial Average ( ^DJI) , S&P 500 ( ^GSPC ), and Nasdaq Composite ( ^IXIC ) each climbed roughly 1%. The move comes after those indexes have faced a four-day losing streak.

Investors turned their attention to the Consumer Price Index , the last piece of inflation data before Federal Reserve policymakers convene next week. Overall prices rose 0. 4% on a monthly basis and 3.

4% on an annual basis, which were in line with economists' expectations and slightly hotter than July's reading. Read more:  What is inflation, and how does it affect you? While inflation has trended lower since May, it remains well above the Fed's 2% goal.

The recent spike in oil prices has only fueled inflation concerns after Brent crude prices ( BZ=F ) topped $108 per barrel before easing back on Friday and diesel reached its highest price ever , at $6 per gallon. The increase in oil prices, as well as Friday's CPI report, prompted traders to ramp up their bets that the Fed will raise interest rates this month. Markets are now pricing in a roughly 87% chance the Fed raises interest rates by 25 basis points at the FOMC meeting next week, according to the CME's Fedwatch tool.

That's up from 72% a day ago and 50% a week ago. Oracle ( ORCL ) shares trimmed gains after popping over 2% on Friday after the database software company reported strong cloud computing growth in the latest quarter. LIVE 11 updates 8 mins ago Grace O'Donnell SpaceX signs another AI computing deal, with $100 billion in ARR 'on track,' CFO says Yahoo Finance's Pras Subramanian reports: SpaceX ( SPCX ) just inked another big AI compute deal, one that will take the space and rocket company closer to its $100 billion annual recurring revenue (ARR) target this year, a big metric for investors.

At the Goldman Sachs Communacopia & Technology Conference in San Francisco, CFO Bret Johnsen said a new AI compute deal has been reached in which SpaceX leases out compute bandwidth for third-party clients. "We're on track, or we believe we're on track to hit $100 billion ARR," Johnsen said about SpaceX's overall ARR target, as AI compute deals helped fuel the growth, before revealing the news. "What I would tell you, an update to that is that just earlier this month we closed another hosting deal, and that translates into about $1.

11 billion a month starting December 1st of this year, which is another roughly $13 billion of ARR. " Read more. Today at 3:31 PM UTC Grace O'Donnell Consumer sentiment falls as inflation expectations tick up Consumers felt more dour about the US economy in September as rising gas prices create a pain point, according to a new survey from the University of Michigan.

A preliminary reading showed consumer sentiment fell to 47. 8 in September, down from 51. 7 in August and below economists' expectations of 51.

It marked the second consecutive month of worsening sentiment. Notably, inflation expectations for the next 12 months jumped to 4. 6% from 4% last month, increasing to the highest level since June.

Longer-run inflation expectations also edged higher to 3. 4%. "With a resurgence in fuel prices and trade tensions, consumers anticipate greater pressures on their pocketbooks to come," the survey's director, Joanne Hsu, said.

The war in Iran and the subsequent surge in energy prices have taken a toll on how consumers feel about the economy. Sentiment is now 16% below where it was in February, before the conflict in the Middle East began. Gas prices are weighing on consumers' inflation expectations.

(Chart: UMich) Today at 2:55 PM UTC Grace O'Donnell Fed rate hike odds surge to 90% on monthly jump in core prices Yahoo Finance's Jennifer Schonberger reports: A fresh reading on inflation showed monthly prices rose more than expected in August, increasing the likelihood the Federal Reserve will raise interest rates next week. A rebound to $100-a-barrel oil also complicates the picture. "The upside surprise to core CPI in August means the Fed looks set to hike next week," said Stephen Brown, North America chief economist for Capital Economics.

Markets are now betting on a 90% chance of a rate hike at Wednesday's Fed policy meeting, according to CME FedWatch . Officials will use the latest inflation data to examine trends over the past three, six, and twelve months to assess whether price pressures are easing. Read more.

Today at 1:42 PM UTC US stock market opens in the green after hotter core inflation reading The US stock market rose on Friday as investors took fresh CPI data in stride. The S&P 500 ( ^GSPC ) and Nasdaq Composite (^IXIC) and Dow Jones Industrial Average ( ^DJI ) each rose 1%. Friday's Consumer Price Index (CPI) report showed inflation prices rose 3.

4% year over year in August, in line with estimates and unchanged from July's reading. On a monthly basis, prices rose 0. 4%, also in line with expectations of a 0.

4% rise. That was still a faster pace than July's 0. 1% monthly gain.

Oracle ( ORCL ) shares popped over 2% at the open after the company reported strong cloud computing growth in the latest quarter. The US Treasury yields were little changed at Friday's open, with 2-year Treasurys and other bills moving slightly higher while yields on longer-term notes and bonds fell slightly. Friday's Treasury market activity comes after yields across the curve have seen a 20 basis point climb over the past week.

Oil prices retreated Friday morning with Brent Crude Futures ( BZ=F ) falling 3% to $104 per barrell after jumping to $108 on Thursday. Americans also held a moment of silence earlier Friday morning in honor of the 3,000 lives lost 25 years ago in the September 11, 2001 attacks. Ceremonies in commemoration of those victims are being held in lower Manhattan, Washington, D.

C. , and Shanksville, Penn. Today at 1:08 PM UTC Jake Conley US diesel prices cross $6 per gallon, setting new record US diesel prices crossed the $6 per gallon mark on Friday for the first time on record, setting a new all-time high as global conflict has roiled the energy complex and sent prices of oil products soaring.

The diesel price paid at the pump was $6. 05 per gallon on Friday, per AAA, a startlingly fast climb up from $5. 32 one month ago and $3.

70 a year ago. Prices on the leading crude benchmarks, international Brent ( BZ=F ) and US WTI ( CL=F ), both remained up roughly 20% over the past month, even after pulling back by several percent overnight. Diesel prices, especially, are closely watched due to the fuel's role as the so-called "workhorse" of the global economy, powering everything from US 18-wheeler trucks to home heaters in the US northeast, hospital generators, and construction equipment.

Fuel prices are displayed outside a truck stop Friday, Sept. 4, 2026, in Fairview, Tenn. (AP Photo/George Walker IV) · AP Photo/George Walker IV Prices on the entire energy complex have soared since the US and Israel began striking Iran in late February, kicking off the largest and longest-lasting war in the Middle East since the Gulf wars of the early 2000s.

As Tehran's military forces moved to cut off oil flows through the Strait of Hormuz, the world's most critical chokepoint for energy supplies, prices on crude oil soared, pushing against $120 per barrel. Read more. Today at 12:34 PM UTC Grace O'Donnell Consumer price inflation rises in line with expectations in August Data from the government's Consumer Price Index (CPI) on Friday showed that prices rose in line with expectations in August, indicating that inflation remains sticky and made little progress in coming down last month.

The Bureau of Labor Statistics reported that consumer inflation rose to 3. 4% year over year in August, matching economists' expectations of 3. 4% growth and unchanged from July's reading.

On a monthly basis, prices rose 0. 4%, also in line with expectations of a 0. 4% rise.

That was still a faster pace than July's 0. 1% monthly gain. "Core" inflation, which strips out volatile food and energy prices, rose 0.

3% month over month, slightly hotter than expectations, and 2. 4% year over year. The reading will be a key input in the Fed's interest rate policy meeting next week.

As of Friday, traders placed a nearly 70% chance that the Fed would raise rates. Read more. Today at 12:11 PM UTC Grace O'Donnell Nvidia CEO Jensen Huang just doubled down on his big 2030 prediction Yahoo Finance's Brian Sozzi reports: When Nvidia ( NVDA ) CEO Jensen Huang makes a big prediction, you would be hard-pressed to see him pull back on it at a later date.

Especially when it looks to be dead-on accurate. Huang reiterated his expectation that the size of the AI market will reach $3 trillion to $4 trillion by 2030 during a talk at the Goldman Sachs Communacopia & Tech conference on Thursday. It was exactly one year ago that he made the initial prediction at the same event.

"The semiconductor industry is going to just keep getting larger and larger, which is what we're seeing now [with] these two fundamental ideas, that we have a new layer of computing with a new application and the end of Moore's law," Huang said. "Meanwhile, people are expecting these AI models to be smarter and smarter because they don't like wrong answers. Then the compounded result of that should result in a very large industry.

" Read more. Today at 11:00 AM UTC Grace O'Donnell What to expect from the crucial CPI report Yahoo Finance's Claire Boston reports: New inflation data coming tomorrow is expected to show that consumer prices rose 3. 4% in August and could prove crucial as a divided Fed weighs whether to hike interest rates later this month.

Economists surveyed by Bloomberg expect to see prices jump 0. 4% in August from a month earlier, faster than July's 0. 1% monthly gain, with annual price gains holding steady at 3.

4%. "Core" inflation, which strips out volatile food and energy prices, is expected to decline slightly on an annual basis to 2. 4% and hold steady with a 0.

2% monthly gain. Fed officials have been divided over whether to raise benchmark interest rates or keep them steady to further assess if past rate hikes are helping to reduce inflation. Read more.

Oscar Wong via Getty Images Today at 10:00 AM UTC Grace O'Donnell Oracle posts cloud sales that top estimates on surging AI demand Oracle ( ORCL ) stock gained 4% in extended trading after the tech company reported strength in its cloud computing business, suggesting its AI data centers were generating returns. Bloomberg reports: Sales in the closely watched cloud infrastructure business jumped 121% to $7. 4 billion, the company said Thursday in a statement.

Analysts, on average, expected the division to post $7. 19 billion in sales, according to data compiled by Bloomberg. The company also said it completed an earlier-announced plan to sell $20 billion of equity from time to time at market value.

Ahead of Thursday's earnings, several analysts had raised questions about the timing of the at-the-market equity sale. Oracle, long known for its database software, has refashioned itself as a provider of computing power for artificial intelligence work and is embarking on a major build-out of data centers for OpenAI and other customers. Wall Street is watching the scale of spending on these ambitious projects and how quickly Oracle can complete them.

The company said it added 850 megawatts of data center capacity in the quarter. Read more. Today at 9:00 AM UTC Grace O'Donnell Good morning.

Here's what's happening today. Economic data: CPI, month-on-month, August (+0. 4% expected, +0.

1% previously); Core CPI, month-on-month, August (+0. 2% expected, +0. 2% previously); CPI, year-on-year, August (+3.

4% expected, +3. 4% previously); Core CPI, year-on-year, August (+2. 4% expected, +2.

5% previously); Real average hourly earnings, year-on-year, August (-0. 1% previously); Real average weekly earnings, year-on-year, August (+0. 1% previously); U.

Mich. sentiment, September preliminary reading (51 expected, 51. 7 previously); U.

Mich. current conditions, September preliminary reading (51. 5 expected, 51.

9 previously); U. Mich. expectations, September preliminary reading (51 expected, 51.

5 previously); U. Mich. 1-year inflation, September preliminary reading (+4% previously); U.

Mich. 5-10 year inflation, September preliminary reading (+3. 3% expected, +3.

3% previously); Earnings calendar: The Kroger Co. ( KR ), Rent the Runway ( REN Catch up on some top stories you may have missed overnight: PayPal keeping options open amid buyout rumors, CEO says Adobe forecast misses estimates, renewing fears about AI impact Trump moves to end H-1B grace period after job loss Global bonds buckle as surging oil prices inflame inflation risks US average diesel price passes $6 a gallon for the first time, GasBuddy says Today at 8:00 AM UTC Grace O'Donnell Canadian Prime Minister Mark Carney says he's in touch with Trump about a trade deal AFP reports: Prime Minister Mark Carney said Thursday that he had spoken to US President Donald Trump "in recent days" and Ottawa remains ready to reach a "fair" trade deal with Washington, despite escalating economic tensions. The once ironclad trading partnership between the North American neighbors has sustained unprecedented blows since Trump returned to office last year.

Carney cut off trade talks last month, saying the US offer was unacceptable, triggering angry responses from Trump, including punishing new tariffs and prompting Canadian retaliation. But Carney said the pair remain in touch and that "Canada is always ready to strike a fair deal. " "We believe there is a mutually beneficial deal for Canada and the United States," the prime minister told reporters in the western city of Calgary, where he was hosting Ukrainian leader Volodymyr Zelensky.

Read more.