{
  "id": 6809526,
  "title": "S&P 500 ends higher as strong inflation data cements rate-hike bets",
  "url": "https://urgent.news/2026/09/11/s-p-500-ends-higher-as-strong-inflation-data-cements-rate-hike-bets-6809526",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T21:42:38.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/09/12/s-p-500-ends-higher-as-strong-inflation-data-cements-rate-hike-bets"
  },
  "original_language": "en",
  "account": "Wall Street experienced a rise on Friday, marking a contrast to the previous week's decline. Strong consumer price data fueled expectations of a Fed rate hike to combat inflation. Dell Technologies, an AI server maker, surged 12% to touch a record high, while HP Enterprise and HP also climbed by 12% and 8.4% respectively. These gains followed Oracle's quarterly results surpassing estimates, though Oracle's stock slipped by 1.8%. The probability of a Fed rate increase at the upcoming policy meeting rose to nearly 90%, according to the CME FedWatch tool, up from 72% just a day prior. Thomas Martin, a senior portfolio manager, expressed confidence in the Fed's decision, stating it would help control inflation. The S&P 500 concluded the day at 7,656.98 points, marking a 0.86% increase, while the Nasdaq gained 0.96% to 26,333.04 points, and the Dow Jones Industrial Average rose 0.98% to 52,573.29 points. Nine out of the eleven sector indexes within the S&P 500 saw an increase, led by communication services and consumer discretionary. Despite a relatively light trading volume of 14.0 billion shares, the CBOE Volatility Index, a measure of Wall Street's fear, dropped to 15.88. This rally came after recent market nervousness due to inflation concerns and rising long-term Treasury yields, along with worries about significant spending on AI data centers. The S&P 500, which had fallen about 2% from its August 13 record high, is now up 12% for the year. The S&P 500's recent dip, combined with positive earnings outlooks, brought the benchmark's price-to-earnings ratio to 19 times, the lowest since April 2025. Oil prices retreated but remained around 9% higher for the week due to supply concerns from Middle East shipping route attacks. One notable deal saw Copart being acquired by ACV Auctions for nearly $1.9 billion. Advancing stocks outnumbered declining ones by a ratio of 2.1-to-1, with the S&P 500 achieving eight new highs and nine new lows, while the Nasdaq recorded 45 new highs and 182 new lows.",
  "summary": "Nine of the 11 S&P 500 sector indexes rose, led by communication services, up 1.35%, followed by a 1.13% gain in consumer discretionary.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "S&P 500 ends higher as strong inflation data cements rate-hike bets",
        "url": "https://urgent.news/2026/09/11/s-p-500-ends-higher-as-strong-inflation-data-cements-rate-hike-bets",
        "published": "2026-09-11T21:06:04.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "S&P 500 ends higher as strong inflation data cements rate-hike bets",
        "url": "https://urgent.news/2026/09/11/s-p-500-ends-higher-as-strong-inflation-data-cements-rate-hike-bets-6807749",
        "published": "2026-09-11T21:42:38.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "US: S&P 500 ends higher as strong inflation data cements rate-hike bets",
        "url": "https://urgent.news/2026/09/12/us-s-p-500-ends-higher-as-strong-inflation-data-cements-rate-hike-bets",
        "published": "2026-09-12T01:38:16.000Z"
      }
    ]
  },
  "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."
}