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S&P 500 Slides as Oil Surge and Yield Climbs Drive Rate Hike Fears

By Stocks Desk · 2026-09-11 · Updated 2026-09-11 02:13 UTC
A silhouette of a city skyline against a sunset sky
Illustration: Tradingbird

US equities closed lower for a fourth consecutive day as oil prices surged past $105 and rising Treasury yields fueled fears of a September rate hike. While the broader market sold off, Apple and Alphabet stood out as rare gainers among major tech stocks.

  • GN stocks/sp500 reports that Apple (AAPL) bucked the broader market trend, climbing 3% as analysts signaled a positive reception to the new foldable iPhone Duo. The stock joined Alphabet as one of the only two 'Magnificent Seven' names in positive territory during the session.

    Source: GN stocks/sp500

  • GN stocks/sp500 adds that August producer price data came in hotter than expected, with annual inflation hitting 5.4%, while WTI crude breached the $100 mark due to Middle East tensions. The report also highlights individual stock moves, noting Oracle's triple-digit cloud growth, Adobe's cautious revenue outlook, and Uber's CEO making a personal $10 million stake purchase.

    Source: GN stocks/sp500

  • US equities closed lower on Thursday as surging oil prices and a spike in Treasury yields intensified expectations for Federal Reserve rate hikes, pressuring valuations across the market.

    Source: GN stocks/sp500
Based on reporting by GN stocks/sp500, GN stocks/sp500 and GN stocks/sp500, compiled by the Tradingbird desk.

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