The Investor
11 Sep 2026, 18:51
S&P 500 Rises Nearly 1% as Oil Retreat and Tech Rally Lift Wall Street
U.S. stocks rallied Friday, with the S&P 500 rising 0.96% to 7,664.52 in afternoon trading as a pullback in oil prices and strength across technology-related sectors helped Wall Street rebound from Thursday’s decline.
Communication services led the S&P 500 with a 1.48% gain, followed by information technology at 1.37%, industrials at 1.13% and consumer discretionary at 1.11%. Ten of the 11 major sectors were higher, while health care fell 0.26% and utilities slipped 0.12%.
Investors were also digesting August inflation data. Headline CPI increased 0.4% month over month and 3.4% from a year earlier, both matching expectations. Core CPI rose a hotter-than-expected 0.3% monthly, strengthening expectations that the Federal Reserve will raise rates next week. Market-implied odds of a quarter-point hike climbed to nearly 90%. (Reuters)
Technology shares benefited from renewed optimism around AI infrastructure following Oracle’s earnings. Meanwhile, Brent crude retreated about 3% to around $104 a barrel after approaching $110 earlier, providing some relief from the inflation concerns that pressured equities and pushed Treasury yields sharply higher earlier in the week.
U.S. stocks rallied Friday, with the S&P 500 rising 0.96% to 7,664.52 in afternoon trading as a pullback in oil prices and strength across technology-related sectors helped Wall Street rebound from Thursday’s decline.
Communication services led the S&P 500 with a 1.48% gain, followed by information technology at 1.37%, industrials at 1.13% and consumer discretionary at 1.11%. Ten of the 11 major sectors were higher, while health care fell 0.26% and utilities slipped 0.12%.
Investors were also digesting August inflation data. Headline CPI increased 0.4% month over month and 3.4% from a year earlier, both matching expectations. Core CPI rose a hotter-than-expected 0.3% monthly, strengthening expectations that the Federal Reserve will raise rates next week. Market-implied odds of a quarter-point hike climbed to nearly 90%. (Reuters)
Technology shares benefited from renewed optimism around AI infrastructure following Oracle’s earnings. Meanwhile, Brent crude retreated about 3% to around $104 a barrel after approaching $110 earlier, providing some relief from the inflation concerns that pressured equities and pushed Treasury yields sharply higher earlier in the week.
