US Equities · Pre-Open Briefing
Stocks dip on inflation and Fed odds
September 11, 2026
The September 10, 2026 cash session, and what is scheduled today
The S&P 500 fell 0.58% to 7,591.70 and the Nasdaq Composite fell 0.65% to 26,081.72, with the Nasdaq-100 down 1.08%.
Breadth167 up / 332 down
LeadershipS&P 500 by 0.50pp
Member coverage100%
Futures now
Ahead of the open, S&P 500 futures are up 0.53%, Nasdaq 100 futures up 0.64%, Dow futures up 0.55% and Russell 2000 futures up 0.75% against their previous settlement. In Asia, the Nikkei 225 is down 1.93%, the Hang Seng down 0.60% and the Shanghai Composite down 1.18%. In Europe, the Euro Stoxx 50 is up 0.64%, the DAX up 0.54% and the FTSE 100 up 0.59%. Across markets, WTI is down 2.95% at 99.46, Gold is up 0.25% at 4,375.30, the US 10-year yield is at 4.94% and EUR/USD is down 0.33% at 1.1596.
| Market | Level | Change | As of |
|---|---|---|---|
| S&P 500 futures | 7,639.00 | +40.50 (+0.53%) | 2026-09-11 |
| Nasdaq 100 futures | 29,321.75 | +186.50 (+0.64%) | 2026-09-11 |
| Dow futures | 52,380.00 | +285.00 (+0.55%) | 2026-09-11 |
| Russell 2000 futures | 2,915.00 | +21.60 (+0.75%) | 2026-09-11 |
Where the tape closed
S&P 500
7,591.70
-44.66 (-0.58%)
5d -0.98% · 1m -1.77%
Nasdaq Composite
26,081.72
-171.62 (-0.65%)
5d -0.52% · 1m -1.38%
Nasdaq-100
29,103.51
-318.04 (-1.08%)
5d -0.14% · 1m -1.43%
VIX
17.84
+1.38 (+8.38%)
5d +24.58% · 1m +22.61%
The Session
Of the 503 S&P 500 members that printed, 167 rose and 332 fell. Communication Services led the sector table at +1.22% on an equal-weighted basis and Information Technology sat at the bottom at -1.27%. Micron Technology (MU) fell 4.90% and carried the largest share of the weighted index move. The VIX rose 8.38% to 17.84. Three universe names reported on the session.
World news
- Bond markets stabilise after global sell-offFinancial Times
- OPEC Further Lowers 2026 Global Oil Demand Growth ForecastAsharq Al-Awsat
- Canada hits back at US with tariffs - China Daily Global EditionGoogle News CN Trade
- Canada hits back at US with tariffs - China DailyGoogle News CN Trade
Sector news breakdown
Information Technology
- Skyworks Solutions SWKSSPX +9.79%Skyworks Solutions Surges 10%, Qorvo Climbs 6% While Chip Stocks Fall: Is the Merger Finally Clearing? Skyworks and Qorvo are surging while the rest of the chip sector bleeds red, and the divergence points to something specific happening behind the scenes of their proposed merger. Here is what the market appears to be pricing in. 24/7 Wall St. · Sep 10, 12:47 PM ET
- Hewlett Packard Enterprise HPESPX -6.25%AI Server Stocks Slide as Two-Day Run Unwinds: Hewlett Packard Enterprise Sinks 4%, Dell Pulls Back, Super Micro Sits Out the Selloff HPE and Dell are giving back gains Thursday with no new catalyst in sight, while Super Micro is bucking the retreat entirely. The divergence raises a question about whether this is profit taking or something more worth watching. 24/7 Wall St. · Sep 10, 12:02 PM ET
- CoreWeave, Inc. CRWVNDX -6.13%CoreWeave Sinks 5% Despite Burry Pulling In His AI Short, Oracle Eases Into Earnings, Cloudflare Holds Steady Michael Burry just closed his most prominent AI short, the kind of move that typically sparks a relief rally, yet CoreWeave kept falling. What that silence signals about the real debate gripping the cloud trade right now is worth understanding before Oracle reports tonight. 24/7 Wall St. · Sep 10, 1:01 PM ET
- Lam Research LRCXSPXNDX -5.65%Lam Research Returns $5B+ to Shareholders in FY26: Can It Reward More? LRCX returns $5.12B to shareholders in fiscal 2026 as stronger earnings, buybacks and a 27% dividend hike boost capital returns. Zacks · Sep 10, 9:42 AM ET
- Intel INTCSPXNDX -5.57%Why 1 Veteran Analyst Just Trimmed His Intel Stock Price Target Mizuho cuts Intel’s price target to $92 as valuation concerns grow despite stronger server demand and improving execution. Barchart · Sep 10, 10:17 AM ETWhy Intel Stock Slumped Today Piper Sandler to investors: Maybe you should have bought Intel stock last year? Motley Fool · Sep 10, 2:59 PM ET
- Oracle Corporation ORCLSPX -5.38%Oracle Posts Cloud Sales That Top Estimates on Surging AI Demand Oracle Corp. reported growth in its cloud computing business that topped analysts’ estimates, suggesting the company’s large AI data center projects are helping boost its financial results. Bloomberg · Sep 10, 4:15 PM ETOracle Tops First-Quarter Expectations as Cloud Infrastructure Revenue More Than Doubles Oracle's (ORCL) fiscal first-quarter results surpassed Wall Street's estimates as cloud infrastructu… MT Newswires · Sep 10, 5:03 PM ET
- Micron Technology MUSPXNDX -4.90%Micron Stock Slips as Intel-Backed Start-up Takes Aim at Memory-Chip Market Micron stock was dropping Thursday. Kepler Computing, backed by Intel, thinks it can disrupt the memory-chip market. Barrons.com · Sep 10, 11:10 AM ET
Communication Services
- Reddit RDDTSPX +6.08%Reddit’s August User Growth Jumps 8% Month-On-Month, International Users Surge 29%: Report Changes to Reddit’s ads manager model are expected to produce roughly a 20% reset in reported audience size, according to Piper Sandler data cited by Investing.com. Stocktwits · Sep 10, 11:13 AM ETReddit Shares Rise 1.5% as Piper Sandler Data Shows August User Growth Reddit Inc. (NYSE:RDDT) shares rose 1. InvestorsHub · Sep 10, 9:48 AM ET
- Charter Communications CHTRSPX +4.98%Comcast and Charter Stocks Bounce Back After Broadband Warning Sparked Selloff Comcast and Charter Communications rise on Thursday after both stocks selloff Wednesday following warnings from Comcast Chief Financial Officer Jason Armstrong. Barrons.com · Sep 10, 11:47 AM ET
- Meta Platforms METASPXNDX -1.42%Meta’s Muse Hits Top 3 in App Store. Why Wall Street Is Split on the Stock. Meta’s consumer AI agent moment is here. Will it be a hit with customers and the stock? Wall Street isn’t sure. Barrons.com · Sep 10, 10:38 AM ETWhy Meta’s Consumer AI Agent Is Good News for Shopify Stock Wall Street has long feared that new AI shopping agents are coming for Shopify But those worries could be overblown, says one analyst. Shares of Shopify have fallen 14% this month, according to Dow Jones Market Data. Barrons.com · Sep 10, 2:27 PM ET
Consumer Discretionary
- Ford Motor Company FSPX +3.20%Ford Fires Back at Trump's Transportation Secretary Sean Duffy Over China Ties: 'Wrongheaded Attempt to Capture Headlines' Ford Motor Co drew sharp criticism on Tuesday from President Donald Trump‘s Transportation Secretary, Sean Duffy, who warned that the automaker’s work with several China-linked companies could create U.S. security risks. Trump Admin Slams Ford According to a report by... Benzinga · Sep 10, 1:30 PM ET
Health Care
- Cooper Companies (The) COOSPX -14.67%Barron’s Got Cooper Wrong but the Contact-Lens Stock Now Looks Cheap Cooper Cos. stock has fallen about 25% since Barron’s recommended it, but a low valuation, aggressive share buybacks, and takeover potential bolster the bull case. Barrons.com · Sep 10, 2:24 PM ETWhy is CooperCompanies Stock Down 15% Today? Cooper won't sell its Surgical arm, and it was forced to cut forward guidance. Wall Street didn't like that. Motley Fool · Sep 10, 2:32 PM ET
- Elevance Health ELVSPX +4.95%Elevance Health Inc's Dividend Analysis Elevance Health Inc (NYSE:ELV) recently announced a total dividend of $1.72 per share, with the ex-dividend date set for 2026-09-10. For investors, the ex-dividend date is a critical marker: shareholders must own the stock before this date to qualify for the upcoming payment. GuruFocus.com · Sep 10, 7:04 AM ET
Industrials
- Copart, Inc. CPRTSPXNDX -4.00%Copart’s (NASDAQ:CPRT) Q2 CY2026: Beats On Revenue, Stock Soars Online vehicle auction company Copart (NASDAQ:CPRT) reported Q2 CY2026 results beating Wall Street’s revenue expectations, with sales up 2.4% year on year to $1.15 billion. Its GAAP profit of $0.35 per share was 8.7% below analysts’ consensus estimates. StockStory · Sep 10, 4:37 PM ET
Energy
- Baker Hughes BKRSPXNDX -6.66%Why Baker Hughes Stock Is Having Its Worst Day in More Than a Year Baker Hughes stock falls as the addition of a key acquisition to the company’s outlook didn’t impress Wall Street. Barrons.com · Sep 10, 2:13 PM ET
Materials
- Freeport-McMoRan FCXSPX -6.59%Copper, FCX Stock Plunge On Tariff Report, Surging Yields; Silver, Gold Also Fall The copper price and shares of S&P 500 copper mining giant Freeport-McMoRan turned sharply lower on Thursday morning after a Reuters report cast doubt that the White House would broaden tariffs to cover refined copper. Tariff expectations had helped fuel a new copper price earlier this week. Investor's Business Daily · Sep 10, 9:13 AM ETFreeport-McMoRan Shares Fall More Than 5% as Copper Retreats From Record High Freeport-McMoRan (NYSE:FCX) shares fell more than 5% in premarket trading on Thursday as copper prices moved lower after reaching a record high earlier in the session. Three-month copper on the London Metal Exchange declined 0. InvestorsHub · Sep 10, 9:56 AM ET
Consumer Staples
- Kroger Company (The) KRSPX +0.90%Kroger (KR) Reports Q2: Everything You Need To Know Ahead Of Earnings Grocery retail giant Kroger (NYSE:KR) will be reporting results this Friday before market hours. Here’s what you need to know. StockStory · Sep 9, 11:00 PM ET
Moved more than 3% with no company-specific item clearing the relevance bar: FDS -5.82% · VRT -5.61% · APP +3.09%.
The day ahead
Economic calendar
| Time | Release | Impact | Consensus | Previous |
|---|---|---|---|---|
| 08:30 ET | Core Inflation Rate Month-over-Month | High | — | 0.2 |
| 08:30 ET | Core Inflation Rate Year-over-Year | High | — | 2.5 |
| 08:30 ET | Inflation Rate Month-over-Month | High | — | 0.1 |
| 08:30 ET | Inflation Rate Year-over-Year | High | — | 3.4 |
| 08:30 ET | Consumer Price Index | Medium | — | 333.92 |
| 08:30 ET | Consumer Price Index SA | Medium | — | 332.81 |
| 10:00 ET | Michigan Consumer Sentiment Preliminary | High | — | — |
| 14:00 ET | Monthly Budget Statement | Medium | — | — |
Reporting today
Before the open: KR (cons. 1.05)
Overnight and across markets
Asia and Europe
| Market | Level | Change | As of |
|---|---|---|---|
| Nikkei 225 | 64,011.34 | -1,259.61 (-1.93%) | 2026-09-11 |
| Hang Seng | 24,805.63 | -148.84 (-0.60%) | 2026-09-11 |
| Shanghai Composite | 3,888.11 | -46.29 (-1.18%) | 2026-09-11 |
| Euro Stoxx 50 | 6,308.78 | +39.81 (+0.64%) | 2026-09-11 |
| DAX | 25,499.03 | +137.88 (+0.54%) | 2026-09-11 |
| FTSE 100 | 10,671.03 | +62.13 (+0.59%) | 2026-09-11 |
Commodities, currencies and rates
| Market | Level | Change | As of |
|---|---|---|---|
| WTI crude | 99.46 | -3.02 (-2.95%) | 2026-09-11 |
| Gold | 4,375.30 | +10.80 (+0.25%) | 2026-09-11 |
| EUR/USD | 1.1596 | -0.0038 (-0.33%) | 2026-09-11 |
| USD/JPY | 153.95 | +0.38 (+0.25%) | 2026-09-11 |
| US 10-year yield | 4.94% | +0.11 (+2.21%) | 2026-09-10 |
Where the indices sit
S&P 500 daily bars for the last 30 sessions, then three months of closes rebased to 100.
What carried the session
Proxy: dollar-volume share among members that printed, times the move. Not official index weight.
| Ticker | Name | Session | Contribution |
|---|---|---|---|
| MUSPXNDX | Micron Technology | -4.90% | -29.0 bp |
| AAPLSPXNDX | Apple Inc. | +3.56% | +19.3 bp |
| SNDKSPXNDX | Sandisk | -4.06% | -14.1 bp |
| INTCSPXNDX | Intel | -5.57% | -12.7 bp |
| NVDASPXNDX | Nvidia | -2.37% | -12.4 bp |
| ORCLSPX | Oracle Corporation | -5.38% | -9.9 bp |
| AMDSPXNDX | Advanced Micro Devices | -3.36% | -6.4 bp |
| LITESPXNDX | Lumentum | -5.39% | -4.7 bp |
Breadth and sectors
Sector moves equal-weighted across members that printed.
| Sector | Average member move | Members |
|---|---|---|
| Communication Services | +1.22% | 24 |
| Consumer Staples | -0.07% | 34 |
| Financials | -0.30% | 76 |
| Consumer Discretionary | -0.52% | 47 |
| Industrials | -0.80% | 83 |
| Energy | -0.82% | 21 |
| Health Care | -0.98% | 59 |
| Real Estate | -0.98% | 30 |
| Utilities | -1.00% | 31 |
| Materials | -1.06% | 25 |
| Information Technology | -1.27% | 73 |
Largest moves
Risers
| Ticker | Name | Session |
|---|---|---|
| SWKSSPX | Skyworks Solutions | +9.79% |
| RDDTSPX | +6.08% | |
| CHTRSPX | Charter Communications | +4.98% |
| ELVSPX | Elevance Health | +4.95% |
| AAPLSPXNDX | Apple Inc. | +3.56% |
| FSPX | Ford Motor Company | +3.20% |
| APPSPXNDX | AppLovin | +3.09% |
| GDDYSPX | GoDaddy | +2.96% |
Fallers
| Ticker | Name | Session |
|---|---|---|
| COOSPX | Cooper Companies (The) | -14.67% |
| BKRSPXNDX | Baker Hughes | -6.66% |
| FCXSPX | Freeport-McMoRan | -6.59% |
| HPESPX | Hewlett Packard Enterprise | -6.25% |
| CRWVNDX | CoreWeave, Inc. | -6.13% |
| FDSSPX | FactSet | -5.82% |
| LRCXSPXNDX | Lam Research | -5.65% |
| VRTSPX | Vertiv | -5.61% |
Earnings reported in the session
Beat and miss shown only where consensus and actual are both published.
| Ticker | Name | Slot | EPS est. | Reported | Surprise | Result |
|---|---|---|---|---|---|---|
| ORCL | Oracle Corporation | After close | 1.39 | — | — | — |
| ADBE | Adobe Inc. | After close | 4.86 | — | — | — |
| CPRT | Copart, Inc. | After close | 0.39 | — | — | — |
Headlines in the session window
- S&P 500, Nasdaq, Dow Futures Mixed Ahead Of CPI As Hot PPI, Oil Surge Keep Fed In Focus: Why Traders Are Eyeing GME, ORCL, USO, ADBE Stockstradingview.com
- Nasdaq invests $100 million in Kraken parent Payward for tokenized stocksYahoo Finance
- Wall Street Makes Midterm Bets: Stock Market Election MonitorBloomberg Markets
- Rising Bond Yields Are Driving US Stocks Toward a Correction: Markets PulseBloomberg Markets
- Descartes Announces Fiscal 2027 Second Quarter Financial ResultsFinancial Post
Fed and macro
- Producer Price Index Month-over-Month2026-09-10 · High impact
- Existing Home Sales Level2026-09-10 · High impact
- Producer Price Index Month-over-Month2026-09-10 · High impact
- Existing Home Sales Level2026-09-10 · High impact
- US CPI Inflation Data to Signal Federal Reserve Interest Rate Decision - SuaraGarut.IDGoogle News US
- Trump's proposal to tie trade policy to Federal Reserve rate cuts could face long-term economic challenges - Yahoo FinanceGoogle News US
- The Week Ahead: UK Inflation, US Federal Reserve, Bank of Japan - CMC MarketsBank of Japan
- Dollar-Yen at Crossroads Ahead of FOMC and BOJ Meetings: 150 or 158 Hinges on US CPI and Ueda's Remarks - finance.biggo.comBank of Japan
- India’s New 2024 CPI Series: Why Tracking Inflation is Harder - WhalesbookGoogle News IN
What to watch
One universe name on the next earnings calendar (KR) · scheduled US macro: Producer Price Index Month-over-Month (2026-09-10); Existing Home Sales Level (2026-09-10); Producer Price Index Month-over-Month (2026-09-10).
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