Inflation and rate path
August CPI rose 0.4% from July, while one-year consumer inflation expectations climbed to 4.6% and sentiment declined for a second month. The readings kept the near-term Federal Reserve rate path central to the session.
Sep 11, 2026 · QQQ/SPY Market Review · 67 headlines
QQQ rose 0.87% and SPY 0.88%, leaving SPY ahead by less than 0.01 percentage points. Most of the advance formed before the open, while regular trading and the post-close stretch were little changed. August CPI accelerated and consumer inflation expectations rose, while reports on Bab el-Mandeb, Saudi Arabia's East-West pipeline and tighter U.S. tanker-protection schedules kept energy routes in focus. Taiwan Semiconductor's revenue growth and a prospective Nvidia investment in Anthropic extended the AI backdrop overnight.
Published
August CPI rose 0.4% from July, while one-year consumer inflation expectations climbed to 4.6% and sentiment declined for a second month. The readings kept the near-term Federal Reserve rate path central to the session.
Reports put Bab el-Mandeb and Saudi Arabia's East-West pipeline under pressure. Overnight, vessel traffic through Bab el-Mandeb fell to six ships and the United States narrowed the periods when tankers could receive air protection through Hormuz.
Taiwan Semiconductor's August revenue rose 53.3% from a year earlier on AI-chip demand. An overnight report said Nvidia may invest up to $10 billion in a prospective Anthropic IPO, extending the sector's capital theme.
QQQ / SPY · 2026-09-11