Stocks Rally Sept. 11: Oil Eases, CPI Data | StockCram — Market Analysis

Key Themes This Week

• •U.S. stocks ended a turbulent week with a Friday rally, breaking four consecutive days of losses as oil prices pulled back from their surge above $100 per barrel and Treasury yields eased from multi-year highs driven by ongoing U.S.-Iran military strikes in the Persian Gulf.
• •August inflation data showed headline CPI rising 0.4% as expected, with the 12-month rate at 3.4%, while core CPI increased 0.3%, slightly above the 0.2% forecast, pushing market odds of a Federal Reserve rate hike next week to approximately 85%-90%.
• •Despite Friday's rebound, all three major indexes finished the week lower, with the S&P 500 down 0.8%, the Dow falling 1.6%, and the Nasdaq declining 0.7%, as energy prices remained elevated and geopolitical tensions in the Middle East continued to weigh on sentiment.