Market Open: Stocks Up, August CPI As Expected, Oil Slips • 9/11/26
On September 11, 2026, Wall Street opened higher, with the Dow Jones Industrial Average up 501 points, the S&P 500 up 1%, and the Nasdaq up over 1%. This rally occurred despite the August Consumer Price Index (CPI) coming in as expected at 4/10%, with core CPI slightly hotter at 3/10%. Treasury yields rose following the inflation data, with the 10-year yield nearing 4.62%. Oracle shares saw a significant increase due to 30% revenue growth driven by AI cloud demand.
The CPI report is the final major inflation indicator the Federal Reserve will consider before its policy meeting next week, where a potential interest rate hike is priced in with 88% probability, influencing market expectations and economic strategy.
The market is observing the 25th anniversary of 9/11, oil prices are down to $99 a barrel amidst Middle East tensions, and diesel prices have hit a record national average of $6 per gallon. New movie releases include 'The Uprising,' 'Don't Look Back in Anger,' and 'Practical Magic 2.'
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