Markets closed · weekend update · Bullish
The S&P 500 rose 0.86% and the Nasdaq gained 0.96%, snapping a four-day slide as Brent crude fell 2.8% to $104.61. The rebound recovered much of the week's losses, though both indices still finished the week lower.
Sources: apnews.com source 1 · reuters.com source 2 · cnbc.com source 3
Underlying inflation accelerated in August, lifting expectations that the Federal Reserve will raise rates at next week's meeting. Bond traders also moved toward pricing multiple increases this year, keeping yields and policy risk in focus.
Sources: axios.com source 1 · bloomberg.com source 2 · reuters.com source 3
Oil headed for an 8% weekly gain as the Iran war constrained supply, even after Brent eased below its overnight high. US diesel reached a record above $6 a gallon while tanker and Red Sea security risks remained unresolved.
Sources: reuters.com source 1 · nytimes.com source 2 · bbc.co.uk source 3
Oracle's revenue beat and $664 billion backlog eased concern about AI infrastructure demand. Dell jumped 11.98%, Hewlett Packard Enterprise rose 12.44% and HP gained 8.40%, although Oracle itself reversed to close 1.74% lower.
Sources: reuters.com source 1 · marketwatch.com source 2 · axios.com source 3
December gold settled at $4,408.90, up 0.04%, while December silver ended at $65.188, up 0.40%. Gold also found dip-buying support after its recent retreat even as the inflation report strengthened rate-hike expectations.
Sources: query1.finance.yahoo.com source 1 · query1.finance.yahoo.com source 2 · finviz.com source 3 · ca.marketscreener.com source 4
India is seeking to reduce reliance on Chinese imports but continues to depend on Chinese machinery, electronics and critical inputs. The imbalance remains a focus as Chinese President Xi Jinping visits New Delhi for the weekend BRICS summit.
Sources: nytimes.com source 1 · moneycontrol.com source 2
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