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Stock market graph showing a declining red trend line followed by a Friday recovery
Photo: STL.News

S&P 500 Rises 0.9% as Brent Crude Cools From $108 High

ABC News / AP2 min read7 sources

Why is the S&P 500 up today?

The S&P 500 (^GSPC) rose 0.9% on Friday to snap a four-day losing streak as Brent crude fell 3% from its $108 peak, easing rate-hike fears ahead of the FOMC decision.

Key numbers

S&P 500 close7,656.98+0.86% on day; -0.8% on week
Dow Jones close52,573.29+509 pts (+0.98%) on day; -1.6% on week
Nasdaq close26,333.04+0.96% on day; -0.7% on week
Brent crude$104.61/bbl-$3.02 (-2.81%) on day; +~9% on week
10-year Treasury yield4.97%Near 3-year high; up from ~4.5% in July
Fed hike odds (Sep 16 FOMC)~90%Up from 72% before August CPI release

What happened

The S&P 500 (^GSPC) rose 0.9% on Friday to snap a four-day losing streak as Brent crude fell 3% from its $108 peak, easing rate-hike fears ahead of the FOMC decision. The Dow Jones Industrial Average gained 509 points and the Nasdaq rose 0.96%, both recovering from four straight sessions of oil-driven losses. Nine of 11 S&P 500 sectors finished higher, and Cisco Systems (CSCO) jumped 4.4% to lead Dow gainers, lifted by strong demand for its AI networking gear. The 10-year Treasury yield closed near 4.97%, its highest in nearly three years, as traders priced in roughly a 90% chance of a Fed rate hike at next week's meeting.

Why it matters

The S&P 500 is the world's most watched benchmark for US corporate health, so its four-day skid — dragged lower by oil near $108 and a Treasury yield at a three-year high — rattled investors with money in index funds and retirement accounts. Friday's recovery was welcome, but the pressure has not lifted: with the Fed expected to raise borrowing costs next week, mortgages, car loans and credit cards could get more expensive, and higher rates tend to push stock valuations lower.

Who this affects

Marketmixed
High impact
Friday rally relieved index investors; looming rate hike stays bearish.
Companybullish
Medium impact
Cisco shareholders gained; AI demand lifting CSCO above Dow peers.
Competitorsbullish
Medium impact
Dow and Nasdaq peers also recovered; tech sector led Friday's gains.
Industrymixed
Medium impact
Tech stocks rose; energy names lagged as Brent crude retreated Friday.

S&P 500 vs Dow Jones, Nasdaq, Russell 2000

S&P 500^GSPC+0.86%-0.8%+11.9%
Dow Jones^DJI+0.98%-1.6%+9.4%
Nasdaq^IXIC+0.96%-0.7%+13.3%
Russell 2000^RUT+0.45%—+17.0%

As of 2026-09-11

How we got here

  1. S&P 500 began four-day losing streak ahead of Labor Day holiday.

  2. Markets reopened after Labor Day; oil topped $100, all three indices fell.

  3. Brent hit $108 high; 10-year yield touched highest level since 2023.

  4. August CPI: core +0.3% MoM; Brent fell 3%, S&P 500 snapped four-day slide.

  5. FOMC rate decision due; ~90% probability of 25bp hike priced by markets.

What to watch

  • FOMC rate decision: 90% odds of a 25bp hike that would raise all US borrowing costs.2026-09-16
  • Brent crude: any rebound above $105 could reignite inflation and yield fears.2026-09-14
  • S&P 500 post-FOMC reaction: a rate hike may revive selling pressure on stocks.2026-09-17

Educational content only. Not investment advice.

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