--- title: "S&P 500 rises as bonds hit 52-week lows after hot core CPI" url: "https://etf.net/news/s-p-500-rises-as-bonds-hit-52-week-lows-after-hot-core-cpi-2026-09-11" published_at: "2026-09-11T20:53:18.772Z" updated_at: "2026-09-11T20:53:18.772Z" byline: "ETF.net Research" --- # S&P 500 rises as bonds hit 52-week lows after hot core CPI The S&P 500 rose 0.84% on Friday, September 11, 2026, as August core CPI increased 0.3% and bond funds tagged 52-week lows; West Texas Intermediate fell 2.2% to $100.26 a barrel. By ETF.net Research. Published Sep 11, 2026. Shortly after a hotter-than-forecast core CPI release at 8:30 a.m. ET, CME FedWatch priced a roughly **91%** chance of a quarter-point increase at next week's Federal Reserve meeting, up from about 72% on Thursday. Short, intermediate, inflation-protected, and investment-grade bond funds all tagged 52-week lows. The day's most striking move in stocks was AI hardware: Dell Technologies jumped **12%**, hit an all-time high, and closed at $567.14; Hewlett Packard Enterprise gained 12%. The S&P 500 rose 0.84% to **7,655.50**, ending four straight declines. By the close, nine of 11 sector funds were up, the Cboe Volatility Index had fallen 11% to 15.85, and 3,375 of 4,666 U.S.-listed ETFs finished in the green. The bounce was real. It was also incomplete. Chart: Nine of 11 sector funds closed **higher** August core consumer prices rose 0.3% from July, more than the 0.2% economists had forecast, according to Reuters. Headline CPI increased 0.4% and 3.4% from a year earlier, both in line with forecasts. Gasoline climbed 3.9% and accounted for more than a third of the monthly increase, the Bureau of Labor Statistics said. If Friday were a clean all-clear on inflation, the rate-sensitive funds would have said so. The iShares 7-10 Year Treasury Bond ETF IEF closed at $91.01 after trading $90.98, its 52-week low, and investment-grade credit fund LQD tagged a 52-week low as well; short Treasury fund SHY and TIPS fund TIP did the same. High-yield fund HYG slipped 0.03% to $78.60, three cents above its own 52-week low, the fifth down session since September 4. Houthi forces took Perim Island, the rock that splits the Bab el-Mandeb into two shipping lanes, according to Yemeni government sources. Amplify's tanker-shipping fund BWET, which holds oil-tanker freight futures on the Middle East-to-China route, jumped **12%** on $203 million of turnover. Crude still fell 2.2% after reports that Gulf Arab foreign ministers plan to meet their Iranian counterpart on shipping through the Strait of Hormuz. ## AI server suppliers rally after Oracle Apple, Amazon, and the two Alphabet share classes were the largest contributors to the S&P 500 ETF SPY. Nvidia finished flat. Oracle, after the close on Thursday, reported fiscal first-quarter revenue of $19.3 billion, up 30%, and said cloud-infrastructure revenue rose 121% to $7.4 billion. Non-GAAP earnings were $1.92 a share, against a $1.74 estimate. The company lifted fiscal 2027 revenue guidance to at least $90 billion. Oracle shares still closed 1.8% lower at $150.15, giving back an early gain. The suppliers did not. RBC Capital initiated coverage of Dell at Outperform with a $640 target, 13% above Friday's close. Dell is already up 351% this year. Cisco rose 4.4%. Super Micro Computer gained 7.3%. State Street's technology sector fund XLK led the board at +1.3%, and the semiconductor fund SOXX added 1.9%. It was a size split. BlackRock's Russell 2000 fund IWM gained only 0.4%, even as it turned over 1.51 times its 20-session median. Regional-bank fund KRE was barely higher. Health care fund XLV fell 0.2%, its fifth straight decline, and utilities fund XLU dropped 0.3%, its third. ## The week Friday did not repair The University of Michigan's preliminary September consumer survey fell to 47.8 from 51.7 in August. Households' one-year inflation expectations rose to **4.6%** from 4.0%. Consumer discretionary fund XLY still gained 0.9%. The five-session scorecard is the honest one. Friday repaired a single session of an oil week. It did not repair the week. Table: Exposure, Friday, Five sessions ## Crude falls; the oil shock does not West Texas Intermediate settled at **$100.26** a barrel, down $2.22. Brent fell 2.7% to $104.68. The crude-oil fund USO dropped 2.2% to $154.90, 2.5% below its 52-week high. Chart: USO's **9%** week survived a 2.2% Friday drop Energy stocks did not give that back. The energy sector fund XLE rose 0.3% to $65.13, 1.6% below its own 52-week high. A one-day decline does not unwind a week in which oil reclaimed $100 and gasoline was already 27% higher than a year earlier in the CPI. If you hold a broad U.S. equity fund, Friday handed back a slice of this week's drawdown: SPY recovered about **42%** of its four-session drop from the September 3 close. If you hold Treasurys or high yield, Friday extended the damage. Chart: SPY bounced; **IEF** kept falling Next week's Federal Reserve meeting will have to live with both closes. Source: etf.net, https://etf.net/news/s-p-500-rises-as-bonds-hit-52-week-lows-after-hot-core-cpi-2026-09-11. Please cite the page URL.