Stock Market News for Sep 11, 2026

U.S. equities sold off Thursday as oil prices spiked above $100 per barrel and rate-hike expectations surged. Brent crude jumped 6.34% to $107.63 while WTI climbed 6.69% to $102.48, marking the first close above $100 since May. The energy surge, combined with fresh inflation data, pushed markets to price in a 70% probability of a Federal Reserve rate increase at next week's policy meeting.

The Dow, Nasdaq, and S&P 500 all closed lower as Treasury yields rose in tandem with the rate-hike repricing. Geopolitical tensions in the Middle East fueled the oil rally, compounding concerns that inflation may prove stickier than anticipated. The swing in Fed expectations represents a sharp shift from the beginning of the week, when markets assigned less than 50% odds to a September hike.

Neither NVDA nor IBM featured prominently in Thursday's session, though both stocks felt broad pressure from the macro selloff and rising discount rates.