{
  "id": 6608626,
  "title": "Wall St slips after hotter-than-expected producer inflation data",
  "url": "https://urgent.news/2026/09/10/wall-st-slips-after-hotter-than-expected-producer-inflation-data",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-10T16:18:37.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/economy-news/wall-st-set-for-lower-open-after-hotterthanexpected-producer-inflation-data-4896053"
  },
  "original_language": "en",
  "account": "On Thursday, Wall Street's leading indices experienced a decline, following the release of hotter-than-anticipated producer inflation data for August. This information increased the likelihood of an interest rate hike this month. The Dow Jones Industrial Average dropped 350.24 points, or 0.67%, to 52,030.42, while the S&P 500 slipped 44.48 points, or 0.58%, to 7,591.88. The Nasdaq Composite also fell 159.02 points, or 0.61%, to 26,094.32. Brent crude oil prices surged over 4%, reaching more than $100 a barrel, which negatively impacted equities and raised expectations of a rate increase. The Producer Price Index (PPI) rose 5.4% annually in August, slightly higher than the 5.3% expected by economists surveyed by Reuters. The Labor Department's report indicates that costs are on the rise, which may have contributed to the market's downward trend. Jim Lebenthal, a chief equity strategist at Cerity Partners, expressed disappointment with the data, stating that the market is now hoping for a \"Hail Mary\" from the Consumer Price Index report on Friday. Traders now anticipate a 70% chance of a Federal Reserve interest rate hike by at least 25 basis points next week, up from 64% before the report. The S&P 500's materials and technology sectors led the decline, with declines of 1.45% and 0.60%, respectively. Consumer staples were the only sector to show gains. The Treasury Department announced a plan to purchase up to $6 billion in longer-dated Treasury bonds to keep yields under control. However, the 10-year U.S. Treasury yield reached 4.9198%, its highest level since 2023. The bond market developments may impact equities, as higher yields on risk-free U.S. Treasuries could make stocks less appealing. Macy's saw increased volatility, closing down 2.4%, while American Eagle Outfitters fell 14.57%, marking its lowest level since October. Apple gained 2.77% after launching a folding $1,999 iPhone. On the NYSE, declining issues outnumbered advancers by a ratio of 3.07 to 1, while the Nasdaq Composite exhibited 18 new highs and 132 new lows.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "MarketWatch",
        "title": "Investors are missing the good news right in front of them, this Wall Street strategist argues",
        "url": "https://urgent.news/2026/09/10/investors-are-missing-the-good-news-right-in-front-of-them-this-wall",
        "published": "2026-09-10T11:22:00.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "Wall Street awaits inflation data after Dow's 400-point drop",
        "url": "https://urgent.news/2026/09/10/wall-street-awaits-inflation-data-after-dows-400-point-drop",
        "published": "2026-09-10T11:30:30.000Z"
      },
      {
        "outlet": "Handelsblatt",
        "title": "Dow Jones, S&P 500, Nasdaq: Wall Street öffnet im Minus – Zinserhöhung wohl wahrscheinlicher",
        "url": "https://urgent.news/2026/09/10/dow-jones-s-p-500-nasdaq-wall-street-offnet-im-minus-zinserhohung",
        "published": "2026-09-10T13:42:47.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "Wall Street dips, oil continues climb ahead of US inflation data",
        "url": "https://urgent.news/2026/09/10/wall-street-dips-oil-continues-climb-ahead-of-us-inflation-data",
        "published": "2026-09-10T14:29:03.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "U.S. equities fall as Wall Street digests the latest PPI report",
        "url": "https://urgent.news/2026/09/10/u-s-equities-fall-as-wall-street-digests-the-latest-ppi-report",
        "published": "2026-09-10T15:07:19.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}