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An interest rate hike amid soaring energy costs and rising inflation concerns has weighed on the Dow.

The S&P 500 and Nasdaq recorded their best day in six weeks.

August prints on Retail Sales and Imports were higher than expected this morning. All eyes are on today's interest rate decision from the Fed.

Traders expect a 92% chance the Fed will hike interest rates on Wednesday.

The 2-year bond yield, at +4.65%, is still 90 bps above the current high end of interest rates.

Dow Rallies 500 Points as Oil Prices Slide Despite Rising Fed Rate-Hike Bets

We're now looking at a 200 bps margin on PPI-CPI headlines, 240 bps on core.

The S&P 500 Index ($SPX ) (SPY ) is up +0.87%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.97%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.77%. E-mini S&P futures (ESU26 ) are up +1.01%, and September E-mini Nasdaq futures (NQU26 )...

But futures were mixed, with S&P 500 futures marginally up, while Dow and Nasdaq futures slightly eased.

Dow Tumbles From Record High as Market Weakness Persists

The U.S. struck targets near Kharg Island and the port city of Jask, Fox News reported.

Nonfarm payrolls grew by 162,000 in August, while the unemployment rate held steady at 4.1%.

The S&P 500 Index ($SPX ) (SPY ) is down by -0.16% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down by -0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.28%. E-mini S&P futures (ESU26 ) are down -0.138%, and September E-mini...

Federal Reserve Governor Christopher Waller advocated leaving rates unchanged, provided inflation showed signs of cooling off.

The S&P 500 Index ($SPX ) (SPY ) is up by +0.49% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.76%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.54%. E-mini S&P futures (ESU26 ) are up +0.50%, and September E-mini...

The S&P 500 Index ($SPX ) (SPY ) is up by +0.17% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down by -0.18%. E-mini S&P futures (ESU26 ) are up +0.10%, and September E-mini...

In a post on X, El-Erian said the balancing act would be “difficult to strike” and “almost certain to leave some unsatisfied.”

The S&P 500 Index ($SPX ) (SPY ) is up by +0.39% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.84%. E-mini S&P futures (ESU26 ) are up +0.30%, and September E-mini...

Treasury yields declined, as the benchmark 10-year Treasury note yield dropped by over 7 basis points to reach 4.63%.

The U.S. Treasury chief threatened economic sanctions against any country doing business with Iran.

The S&P 500 Index ($SPX ) (SPY ) is up by +0.37% today, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up by +0.67%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.10%. E-mini S&P futures (ESU26 ) are up +0.30%, and September E-mini...

Core CPI, which excludes food and energy, advanced 0.2% last month, with the overall annual inflation rate landing at 3.4%.

The S&P 500 Index ($SPX ) (SPY ) is up +0.25%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.85%. September E-mini S&P futures (ESU26 ) are up +0.38%, and September E-mini Nasdaq futures (NQU26...

Nonfarm payrolls fell 23,000 last month, following substantial downward revisions to the prior two months, Bureau of Labor Statistics data showed on Friday.

The S&P 500 Index ($SPX ) (SPY ) today is up +0.37%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.89%. September E-mini S&P futures (ESU26 ) are up +0.44%, and September E-mini Nasdaq futures...

WTI crude crossed $78 as uncertainty over an Iran-Oman shipping agreement fueled inflation concerns.

Dow ended lower following five consecutive sessions of gains.

The benchmark 10-year Treasury yield topped 4.7% on the day, its highest level since January 2025.

Wall Street Gains Momentum as Inflation Cools and Bond Yields Retreat

The S&P 500 Index ($SPX ) (SPY ) today is up +1.12%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.64%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +2.69%. September E-mini S&P futures (ESU26 ) are up +1.09%, and September E-mini Nasdaq futures...