Top U.S. Stories

  • 9/11, 25 years on. The nation marks the 25th anniversary of the September 11, 2001 attacks, which killed 2,977 people. President Trump is set to speak at the Pentagon, Vice President JD Vance will attend the New York City ceremony, and other officials will be in Shanksville, Pennsylvania. Federal buildings fly the flag at half-staff.
  • Stocks fall for a fourth straight day. The S&P 500 logged a fourth straight loss on Sept. 10 as oil climbed and Treasury yields pushed higher; the Dow and Nasdaq also fell. Why it matters: A sustained run of losses reflects a repricing as markets assign a higher probability to another Fed rate hike while energy costs climb.
  • August CPI due this morning. The Labor Department releases the August Consumer Price Index at 8:30 a.m. ET. Economists expect headline prices up 0.4% on the month and 3.4% from a year earlier, with core at 2.4% year over year. Why it matters: It is the last major inflation reading before the Fed meets Sept. 15-16, and futures markets now see roughly a 73% chance of a quarter-point hike.
  • U.S.-Iran conflict continues. The fighting began in February and has largely halted traffic through the Strait of Hormuz. AP reported that Iranian state media said its forces targeted 10 ships attempting to pass through the strait; Washington is enforcing a blockade of Iranian ports.
  • Trump-Putin call yields no breakthrough. Trump and Putin spoke for about an hour about ending the war in Ukraine, The Japan Times reported, producing rhetoric but no ceasefire.

Compass Insight

Today’s tension is simple to state: can an oil shock drag inflation back up? With Brent closing at $107.63 and Hormuz shipping largely halted, traders are pricing scarcity ahead of any physical shortfall, and that feeds gasoline and utility bills within weeks. The knock-on effect is on rates: sticky energy prices strengthen the case for tighter policy, Treasury yields stay elevated, and stock valuations compress — which is what the latest four-day S&P 500 slide shows. Near term, the August CPI this morning and next week’s FOMC decision are the pivots; markets now put the chance of a quarter-point hike at about 73%. Over the medium term, watch whether a $100-plus Brent handle sticks, because that one number will shape the inflation and rate outlook into year-end. This is a map of what to watch, not a call to trade.

Markets

U.S. stocks fell again on Sept. 10. The S&P 500 lost 44.66 points, or 0.6%, to 7,591.70, the Dow lost 316.56 points (0.6%) to 52,064.10, and the Nasdaq slipped 171.62 points (0.7%) to 26,081.72. The 10-year Treasury yield jumped to 4.95% on inflation worries. Brent crude climbed 6.3% and settled at $107.63 after briefly topping $108. The dollar was around 154.18 yen (ECB reference, Sept. 10). In Tokyo, the Nikkei 225 edged up 128 points to 65,270.95, recovering from an intraday drop of more than 900 points. In Europe, the ECB raised its deposit rate to 2.50%, citing inflation pressures from the Middle East conflict.

Stocks in Focus

  • Energy and mining names have held up better than the broad market as crude climbs.
  • Airlines and freight carriers face a headwind from higher fuel costs while oil stays above $100.
  • Volkswagen approved a further 50,000 job cuts by 2030, bringing planned reductions to 100,000.

Sources:

This briefing is compiled from publicly available information.

Auto-generated and AI-written. Not investment advice.