Markets News, Sept. 10, 2026: U.S. Indexes Extend Losing Streak; Oil Prices, Treasury Yields Surge

Markets News, Sept. 10, 2026: U.S. Indexes Extend Losing Streak; Oil Prices, Treasury Yields Surge

Aaron Rennie

Thu, September 10, 2026 at 1:43 PM GMT+3 15 min read

U.S. stocks closed lower, falling for a fourth straight session, as investors upped their bets that the Federal Reserve will raise interest rates next week.

The tech-focused Nasdaq Composite, blue-chip Dow Jones Industrial Average, and benchmark S&P 500 ended Thursday down 0.7%, 0.6%, and 0.6%, respectively. Yesterday, the three major U.S. stock indexes fell and Treasury yields rose as the scale of a Treasury Department buyback operation disappointed some bond traders.

Before Thursday's opening bell, the Producer Price Index indicated wholesale inflation increased 5.4% year-over-year in August, above economists' expectations of a 5.3% rise and a revised 4.8% July figure. Prices rose 0.4% month-over-month, matching forecasts, while "core" PPI increased 0.2% from the prior month, below the expected 0.3% rise. Traders now see a 73% likelihood that the Federal Reserve will raise rates at its meeting next week, up from 64% before the reading, per the CME Group's FedWatch tool. The central bank will get another key data point tomorrow with the important Consumer Price Index inflation reading for August.

The 10-year Treasury yield—which serves as a benchmark for a wide range of interest rates, including those for mortgages, corporate bonds, and other loans—was above 4.95% in late-afternoon trading, up nearly 11 basis points from Thursday's close and the highest intraday level since October 2023. Yields were higher today before the Treasury bought back only $5.187 billion of 10- and 20-year notes after saying yesterday it was willing to buy up to $6 billion worth of the long-term bonds.

"As the conflict with Iran drags on longer than many expected, inflation pressures are becoming increasingly entrenched, leaving investors in search of a catalyst strong enough to change the inflation narrative," Jeffrey Roach, Chief Economist for LPL Financial, said in written commentary. "At this rate, a hike in rates next week appears likely."

Digital storage and chip stocks fell Thursday, with the Roundhill Memory ETF (DRAM) and the broader iShares Semiconductor ETF (SOXX) ending down about 5% and 2.5%, respectively. Intel (INTC) and Micron Technology (MU) fell roughly 5.5% and 5%, respectively.

The Magnificent Seven group of mega-cap tech stocks ticked lower, as measured by Roundhill's MAGS ETF (MAGS), with the biggest moves in either direction a 3.5% rise in shares of Apple (AAPL) and a 2.5% decline in chipmaking giant Nvidia (NVDA). Meta Platforms (META) shares were about 1.5% lower after jumping more than 6.5% Wednesday after Alexandr Wang, the Facebook parent's chief AI officer, said usage of its new Muse AI agent had already "blown way past our projections."

In post-earnings moves, shares of medical devices maker The Cooper Cos. (COO) sank 15%, while retailers American Eagle Outfitters (AEO) and Macy's (M) dropped 14% and 5%, respectively. Drone maker AeroVironment (AVAV) surged 4.5%. Oracle (ORCL) stock was down 5% and Adobe (ADBE) shares were down 2.5% ahead of their results after markets closed today.

Oil prices continued to rise following a report in The Wall Street Journal, citing U.S. officials, that "top White House advisers have raised privately with President Trump the prospect that the Iran war could drag on through the remainder of his term." Brent crude futures, the international benchmark, were up 6.6% to $107.90 a barrel around 4 p.m. ET after crossing the $100-a-barrel threshold for the first time since July 23 yesterday. U.S. benchmark West Texas Intermediate prices were 6.9% higher at $102.70 after recrossing the $100 level for the first time since May.

Bitcoin was trading around $77,100, down modestly over the past 24 hours. The U.S. dollar index, which tracks the value of the greenback against a basket of foreign currencies, was up 0.3% to 99.06. Gold futures were down 2.1% to $4,365 an ounce.

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SEPTEMBER 10, 2026 AT 08:04 PM GMT

Nike Just Gained Another Bearish Call on Wall Street—Here's Why

Nike's stock has had a tough time lately. One group of analysts say they expect it could get even worse.

Analysts at Morgan Stanley relaunched coverage of Nike (NKE) Thursday with an "underweight" rating and a Street-low target of $31, well below the Visible Alpha consensus around $48. The shares ended down about 2% Thursday to a fresh 12-year low under $37.

Only one of the other 13 analysts tracked by Visible Alpha has recommended selling the shares, with 10 neutral and two "buy" ratings.

The consensus forecast for Nike "embeds too much growth too soon–particularly in China," Morgan Stanley wrote, citing macroeconomic headwinds and competition concerns. The analysts said they believe Nike's current valuation is out of touch with an "increasingly fragmented" sportswear landscape.

The apparel maker is approaching two years since CEO Elliott Hill took over in late 2024. The company also brought on a new CFO back in August. The analysts said the CFO change, plus a "pressured" backdrop across athletic apparel, could make the company's upcoming earnings report in October or its annual investor day in November a good time for Nike to "reset expectations" about the pace of its turnaround.

Thursday's slide leaves Nike shares down more than 40% from the start of the year.

-Aaron McDade

SEPTEMBER 10, 2026 AT 07:04 PM GMT

What to Expect From Friday's Inflation Report

A highly anticipated and consequential report on the Consumer Price Index on Friday is likely to show inflation stayed elevated in August.

The report from the Bureau of Labor Statistics is expected to show consumer prices rose 3.4% over 12 months in August, the same as in July, according to a survey of economists by Dow Jones Newswires and The Wall Street Journal. The "core" index, which excludes the volatile prices for food and energy, is expected to have risen 2.4% over the year, down from a 2.5% increase in July, but well above the Federal Reserve's target of a 2% annual increase.

Friday's report is especially important for financial markets because it could determine whether the Federal Reserve raises its key interest rate at its next meeting next week. Members of the Federal Open Market Committee have been weighing whether to raise the federal funds rate by a quarter point, putting upward pressure on interest rates for mortgages and other loans in an effort to quash inflation.

"August's CPI report has become very consequential after many FOMC members have signaled they will vote to tighten policy next week in the absence of further progress toward the 2% target," Samuel Tombs, chief U.S. economist at Pantheon Macroeconomics, wrote in a commentary.

Read the full article here.

-Diccon Hyatt

SEPTEMBER 10, 2026 AT 06:48 PM GMT

Drone Maker AeroVironment Stock Flies Thursday After Strong Q1 Results

Thursday has been a rare pleasant day for AeroVironment shareholders this year.

AeroVironment (AVAV) shares are surging 9% today after the drone maker's fiscal 2027 first-quarter results easily topped analysts' estimates.

The Arlington, Va.-based company posted adjusted earnings of $0.59 per share on revenue that increased 6% year-over-year to $480.5 million. Analysts polled by Visible Alpha had expected $0.27 per share and $457.6 million, respectively.

In addition, AeroVironment said it had a record funded backlog of $1.5 billion, up 37% from a year ago.

"AV's fiscal year 2027 is off to a strong start, with record first-quarter revenue and funded backlog and landmark strategic wins," CEO Wahid Nawabi said. "Our team is united in our mission to execute with discipline and capture demand for the key franchise programs that matter most to our customers, and that is exactly what we did in the first quarter."

Even with today's sharp gains, AeroVironment shares are down more than 35% in 2026.

SEPTEMBER 10, 2026 AT 05:16 PM GMT

Macy's Stock Falls on Soft Guidance

Macy's turned in a better-than-expected second quarter. Various company projections for the third quarter and full year came in shy of estimates, however, and investors are selling the stock.

Shares of Macy's (M) are down 4% Thursday afternoon after the department store operator projected a Q3 loss that is wider than analysts expected, and full-year net sales a tick below estimates.

Macy's sees a current-quarter adjusted loss per share between $0.19 and $0.23, while analysts surveyed by Visible Alpha are expecting a per-share loss of $0.06. For the full year, the New York-based retailer projects net sales with a midpoint of $21.75 billion, just below the $21.76 billion Visible Alpha consensus.

For the second quarter, Macy's comparable sales growth of 2.7%, adjusted EPS of $0.63, and net sales of $4.87 billion all topped estimates.

"Our second-quarter performance builds on the progress our colleagues have consistently delivered through our Bold New Chapter strategy," Macy's CEO Tony Spring said. "The investments we're making are driving results across our portfolio."

Macy's shares are down 6% since the start of the year.

SEPTEMBER 10, 2026 AT 03:23 PM GMT

American Eagle Stock Slumps on Signs of Weakness at Namesake Brand

American Eagle Outfitters stock is tumbling this morning after the apparel retailer's comparable sales came in short of estimates amid continued weakness at its namesake stores.

American Eagle (AEO) shares were down 15% to about $14 in recent trading. The retailer posted earnings per share of 79 cents on revenue of $1.38 billion in the second quarter, above analysts' estimates, but its comparable sales growth missed.

While comparable sales at Aerie jumped 19% from a year ago, sales at American Eagle's namesake stores fell 1%, holding back growth. The company reported a 6% rise in comparable sales across its brands, below the consensus compiled by Visible Alpha.

American Eagle lifted its full-year operating profit forecast to $540 million to $550 million from the prior range of $390 million to $410 million. Excluding a nearly $200 million benefit from tariff refunds, however, the new range would have represented a lowered forecast.

During Wednesday's earnings call, executives pointed to expectations of lower comparable sales and higher discounting at American Eagle's namesake stores in the second half of the year.

UBS analysts trimmed their price target to $27 from $31 following the report, but said they are staying bullish on the stock in the long term. The analysts said they see Aerie as one of the "most underappreciated growth brands" in the industry, and suggested it could help carry American Eagle through near-term headwinds.

With Thursday's slump, American Eagle shares have lost nearly half their value since the start of the year.

-Aaron McDade

SEPTEMBER 10, 2026 AT 03:15 PM GMT

Materials Leads S&P 500 Sector Declines

Nine of the 11 S&P 500 sectors are in the red Thursday. Materials is the lowest of the bunch.

The S&P 500 Materials Sector is down 1.5%, by far the worst performance of the industries tracked by the benchmark index.

Freeport-McMoRan (FCX) is more than 7% lower and the worst individual performer in the sector, while PPG Industries (PPG) and Newmont Mining (NEM) are down about 2% each.

Consumer Staples and Communication Services are the only sectors in positive territory, up about 0.3% apiece.

SEPTEMBER 10, 2026 AT 02:51 PM GMT

Treasury Dept. to Buy Up to $6B of Long-Term Bonds Today

This afternoon, the Treasury is set to purchase up to $6 billion worth of 10-year Treasury notes and 20-year Treasury bonds as part of an effort to calm volatility in the government bond market.

The 20-year yield was recently trading at its highest level since mid-2007, while the 10-year was at its highest point in nearly three years. If the 10-year yield, which influences the interest rates charged on all sorts of consumer loans, surpasses 4.98%, it would also reach its highest level since July 2007.

In mid-2007, the U.S. was in the throes of a housing market crisis that battered financial markets and sent the economy into a recession lasting a year and a half.

-Stephen Wisnefski

SEPTEMBER 10, 2026 AT 02:10 PM GMT

Cooper Cos. Stock Plunges on Soft Q4 Outlook

The Cooper Cos. CEO Albert White III said "proactively reduced U.S. channel inventory" weighed on the medical devices maker's third-quarter results. His assessment that the move "will continue to impact Q4" isn't helping the stock this morning.

Cooper (COO) shares are sinking 15% to pace early S&P 500 decliners Thursday, a day after the company reported mixed Q3 and issued soft current-quarter guidance.

The San Ramon, Calif.-based firm sees Q4 adjusted earnings per share of $1.05 to $1.09 on revenue of $1.057 billion to $1.08 billion. Analysts surveyed by Visible Alpha were looking for $1.19 per share and $1.11 billion, respectively.

In Q3, Cooper's adjusted EPS of $1.15 topped estimates but revenue of $1.07 billion came up short. On the earnings call Wednesday, White said the U.S. channel inventory reduction at its CooperVision unit "weighed on our results and will continue to impact Q4," per an AlphaSense transcript.

Separately, Cooper announced its board had completed a strategic review announced last December, including a possible sale of its CooperSurgical unit, and "unanimously concluded that shareholders would be better served by continued ownership than by pursuing a transaction at this time."

Cooper shares have lost more than a third of their value since the start of the year.

SEPTEMBER 10, 2026 AT 12:21 PM GMT

$100-a-Barrel Oil Means Pricier Gas 'For Some Time'

The price of oil crossed the three-digit mark again on Wednesday in a sign that high fuel prices are here to stay for the foreseeable future.

A barrel of oil by the Brent international benchmark was $101 Wednesday afternoon, up from $97 Tuesday and from $79 in early August during a lull in the fighting between the U.S. and Iran. Oil has surged this week as the U.S. and Iran exchanged attacks, restricting flows of crude oil from the Middle East and raising fears of the conflict escalating and further disrupting supplies. It was the first time since July that the price of oil had crossed the hundred-dollar mark.

Fuel prices followed suit, with diesel hitting a record high of $5.94 per gallon nationwide and gasoline rising to $4.22 per gallon, its highest since June, according to AAA. That's up from $3.76 for diesel and $2.98 for gasoline in February before the U.S. and Israel attacked Iran.

The higher fuel prices have squeezed household budgets and stoked public discontent with the economy. And, because diesel is used to transport so many products, the higher costs have put upward pressure on inflation.

Read the full article here.

-Diccon Hyatt

SEPTEMBER 10, 2026 AT 11:42 AM GMT

Mortgage Rates Just Hit a 15-Month High—With 7% in Sight

Homebuyers hoping for relief from high borrowing costs are getting the opposite, as mortgage rates climb back toward levels not seen in more than a year. That threatens to make already-stretched monthly payments even harder to manage.

The national average for a 30-year fixed-rate mortgage climbed today to 6.99%, its highest level in more than 15 months. The last time the average was 7.00% or higher was June 9, 2025.

This recent run-up has pushed the 30-year average more than 20 basis points higher since late August, taking borrowing costs to within a hair of the 7% threshold. Rates are also now more than 80 basis points above their lowest point this year, a dip to 6.16% in late February.

Mortgage rates are rising as financial markets increasingly embrace a higher-for-longer outlook for interest rates, according to Rich Martin, senior vice president of retail lending at Curinos, a data analytics firm. He pointed in particular to the Federal Reserve's latest meeting, where policymakers did not signal a strong likelihood of easing rates in the near term.

Read the full article here.

-Sabrina Karl

SEPTEMBER 10, 2026 AT 11:10 AM GMT

Here's How Much Oracle Stock Is Expected to Move After Earnings

Oracle is scheduled to report earnings after the closing bell Thursday, with traders anticipating a big move from the database and cloud infrastructure giant's stock.

Based on recent options pricing, Oracle (ORCL) shares are seen swinging up to 11% in either direction by the end of the week. A move of that size from Wednesday's close could lift the stock as high as $179, recovering some of its losses this year, or drag it below $145.

Oracle shares have lost nearly 20% of their value in 2026, and more than 50% from their record high last September, amid worries over the company's fundraising and spending plans, as well as the concentration of its backlog with a few large AI companies.

Analysts at Morgan Stanley, who have a neutral rating on the stock, warned in a recent note that it could take several quarters of solid results for Oracle to win over wary investors. Citi analysts told clients they "see opportunity after one of the most extreme dislocations and drawdowns in the stock's history."

Read the full article here.

-Aaron McDade

SEPTEMBER 10, 2026 AT 10:43 AM GMT

Stock Futures Mixed, Little Changed Ahead of PPI Inflation Reading

Futures contracts tied to the Dow Jones Industrial Average pointed up 0.2%.

S&P 500 futures were up 0.1%.

Nasdaq 100 futures declined 0.2%.

Read the original article on Investopedia