Markets · Main Indexes
U.S. markets are closed; Friday’s rebound is the latest move
U.S. equity futures are not trading Sunday morning; the weekly session begins Sunday evening ET. At Friday’s close, the S&P 500 rose 0.86% to 7,656.98, the Nasdaq Composite gained 0.96% to 26,333.04 and the Dow added 0.98% to 52,573.29. Lower oil and a hardware rally drove the rebound, but these closes predate the Saudi pipeline, Red Sea and latest Hormuz disruptions.
Latest index data · Reuters market report →
Geopolitics · Oil Supply
Saudi Arabia shuts a key oil pipeline after drone attack
Saudi Arabia closed its East–West pipeline as a precaution after an aerial attack. The route had been carrying 4–5 million barrels a day—about 4%–5% of global supply—and was the main bypass around restricted Strait of Hormuz traffic. The closure renews supply and inflation risk after Friday’s oil retreat.
Read the Reuters report →
Geopolitics · Shipping
Houthis reach a second critical oil-shipping chokepoint
Houthi forces reached Perim Island in the Bab el-Mandeb Strait, at the entrance to the Red Sea. With Hormuz already disrupted, a closure of this route could constrain another 7% of global petroleum supplies and about 12% of global trade. The U.S. told Saudi Arabia it would share intelligence but would not intervene directly for now.
Read the Reuters analysis →
Corporate · Oracle
Ellison cancels plan to sell up to $7.5 billion of Oracle stock
Oracle said Larry Ellison canceled a plan to sell as many as 50 million shares. No shares were sold, and the company said he has no other plans to sell Oracle stock. The decision follows Friday’s volatile post-earnings session.
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Geopolitics · Strait of Hormuz
Projectile strike forces crew to abandon vessel in Hormuz
The UK Maritime Trade Operations agency said a projectile hit a vessel in the Strait of Hormuz, causing a fire and prompting local authorities to evacuate the crew. The new incident adds pressure to global energy shipping after Brent returned above $100 last week.
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Markets · Saudi Arabia
Saudi stocks register the first market reaction to the pipeline attack
Saudi Arabia’s benchmark fell 1.0% in early Sunday trading. Saudi Aramco slipped 1.1% and Rabigh Refining fell 7.3%, showing that regional investors are pricing higher infrastructure and supply risk before U.S. futures reopen.
Read the Reuters market report →
Corporate · Tesla
Tesla schedules its long-delayed Roadster unveiling
Elon Musk said Tesla will unveil the next-generation Roadster on October 1, nearly a decade after its first reveal. Tesla originally targeted 2020 deliveries, so the event will test whether the repeatedly delayed program now has a credible path toward production.
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Economy · Consumer Prices
August CPI rises 0.4%; annual inflation holds at 3.4%
Monthly inflation accelerated from July’s 0.1% increase. Core prices rose 0.3% for the month and 2.4% over the year. Gasoline climbed 3.9% and accounted for more than one third of the headline increase.
Read the official BLS release →
Economy · Consumer Sentiment
Consumer sentiment falls as inflation expectations rise
The University of Michigan’s preliminary September index fell to 47.8 from 51.7 in August, below the 51.0 estimate. One-year inflation expectations climbed to 4.6% from 4.0%, reflecting pressure from fuel costs and trade tensions.
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Rates · Treasury Market
Treasury yields finish near multiyear highs
The 10-year Treasury yield ended near 4.97% after briefly approaching 5%, while the two-year yield reached about 4.64%. Futures markets put the probability of a quarter-point Federal Reserve increase next week near 90%.
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Geopolitics · Energy
Oil retreats but finishes sharply higher for the week
Brent fell 2.8% to $104.61 and U.S. crude lost $2.43 to $100.05 as possible Gulf-Iran talks eased immediate shipping fears. U.S. crude still gained 9.4% for the week, keeping inflation and supply risks elevated.
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Energy · IEA Outlook
IEA deepens its 2026 oil-supply warning
The agency now expects global supply to fall 5.7 million barrels a day this year, versus about 4% previously. Global inventories fell at a record 3.1 million barrels a day in August, while Saudi supply reached a more-than-30-year low.
Read the Reuters report →
Economy · Producer Prices
August PPI rises 0.4%; annual rate reaches 5.4%
Producer prices advanced 0.4% in August and 5.4% from a year earlier. Goods prices rose 1.1%, led by a 4.2% energy increase, while services rose 0.1%.
Read the BLS release →
Global Rates · ECB
ECB raises its key rate to 2.5%
The European Central Bank delivered its second increase of 2026 and lifted its inflation outlook as the energy shock intensified. The decision adds to the global rise in borrowing costs.
Read the Reuters ECB report →
Earnings · Oracle
Oracle reverses a 7% premarket surge and closes lower
Oracle fell 1.7% after trading as much as 8% higher intraday. It added more than $30 billion of AI-cloud contracts during the quarter, lifting backlog to $664 billion, but investors remained focused on funding and converting that demand into cash flow.
Results analysis · Live quote →
AI Infrastructure · Hardware
Oracle’s results power a hardware rally
Dell jumped 11.9%, Hewlett Packard Enterprise 12.4% and HP 8.4%. Investors treated Oracle’s AI-cloud backlog as evidence of stronger demand for data-center hardware even though Oracle itself closed lower.
Read the Reuters market report →
Earnings · Adobe
Adobe reverses its early loss and closes higher
Adobe gained 1.4% after falling more than 4% before the open. Quarterly revenue and adjusted profit beat estimates, but fourth-quarter revenue guidance and upcoming leadership changes remain the central questions.
Reuters results · Live quote →
Corporate · Nvidia
Nvidia finishes little changed as investors weigh a DOJ probe
Nvidia slipped 0.1%, lagging the broader technology rebound. Separately, U.S. antitrust officials are examining the company’s licensing agreement and executive hires from AI-chip startup Groq.
DOJ report · Live quote →
Corporate · Nvidia
Nvidia targets up to 2 gigawatts of Australian AI capacity
Nvidia is working with local cloud and data-center partners on an expansion planned by 2027—more than Australia’s current 1.6-gigawatt computing load.
Read the Reuters report →
Corporate · Apple
Apple extends its post-launch gain
Apple gained 1.7% Friday after rising 3.6% Thursday. Its $1,999 iPhone Duo is the company’s biggest hardware shift in years, but the premium price leaves open whether foldables can move beyond wealthy early adopters.
Reuters analysis · Live quote →
Corporate · Meta
Meta’s Muse launch follows a 6.6% rally
Meta launched Muse, an AI agent that can connect with email, payments and other apps. Shares recorded their strongest gain in two months on Wednesday following the rollout.
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Corporate · Alphabet
Alphabet’s $15.1 billion Finland AI plan stays in focus
Google plans at least $15.1 billion of Finnish AI-infrastructure investment over two years, including a major nuclear-power supply agreement.
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Earnings · Kroger
Kroger closes higher despite cutting guidance
Kroger gained 2.6% after falling before the open. The grocer lowered annual identical-sales guidance to 0.2%–0.8% from 1%–2%, while adjusted quarterly earnings exceeded expectations.
Reuters earnings report · Live quote →
Transaction · Copart / ACV Auctions
ACV holds a 44% gain on a $1.9 billion takeover
Copart agreed to buy ACV Auctions for $10.50 a share in cash, a 45% premium to ACV’s prior close. The acquisition expands Copart into dealer-to-dealer wholesale vehicle sales and is expected to close by year-end.
Read the Reuters deal report →
Regulation · AI Infrastructure
House plans vote on data-center electricity costs
Republican leaders plan a House vote next week on the bipartisan Ratepayer Protection Act, which seeks to prevent data-center power costs from being passed to households. The proposal matters to hyperscalers, utilities and data-center developers.
Read the Reuters report →
Energy · Supply Outlook
EIA says the oil shock is draining global inventories
The agency estimates global oil stocks have fallen by about 400 million barrels this year and expects Middle East output and exports to remain below pre-conflict levels until the second quarter of 2027.
Read the EIA report summary →
Earnings · American Eagle
American Eagle’s 14% slide keeps margins in focus
Shares closed Thursday at their lowest since October after the retailer kept its annual comparable-sales forecast but said current-quarter gross margin could be unchanged from a year earlier.
Read the Reuters earnings report →
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