Week ahead: Brent Crude Climbed Toward $108 a Barrel Thursday Afternoon, Up From $101.53 Wednesday, After Iran's Revolutionary Guard Said It Targeted Two U.S. Navy Vessels and Eight Tankers, and Houthi Forces Seized the Red Sea Port of Mocha, per CNBC and Al Jazeera August PPI Rose 5.4% Year-Over-Year, a Tenth Above Forecast, Pushing the 10-Year Treasury Yield to Its Highest Level Since November 2023 and Fed Hike Odds for Sept. 16 to Roughly 70%, per Goldsilver.com and FXStreet Gold Fell 1.73% to $396.36 and Silver Sank 5.30% to $57.50 Thursday as the Hot PPI Print Reversed Wednesday's Haven Rally — Silver Underperformed on a Second, Growth-Outlook Hit Layered on Top of the Real-Yield Pressure SMH Fell 2.44% to $560.28 and QQQ Fell 1.06% to $708.69 as the Rate Repricing Hit High-Multiple Chip and Growth Names; USO Jumped 5.61% to $158.38 on the Widening Middle East Escalation Oracle Jumped About 6% After Hours Following a Beat-and-Raise Quarter (EPS $1.92 vs. $1.73 Est., Revenue $19.35B), While Adobe Whipsawed From an Initial 2% Dip to Roughly Flat on In-Line Guidance, per 24/7 Wall St. and Investing.com Charter Communications Rose 4.98% and Comcast Rose 2.36% Thursday, Rebounding From Wednesday's Broadband-Pricing Selloff After Charter Touted More Than $1 Billion in Cox-Merger Synergies at the Goldman Sachs Communacopia Conference August CPI Lands Friday, Sept. 11 — Consensus Sees 3.4% Headline, 2.4% Core — Still the Decisive Print Before the Fed's Sept. 15-16 Meeting, per CNBC and Morningstar

Markets

Week Ahead

Oil Nears $108 on an Iran Attack on Two U.S. Ships as Hot PPI Sinks Gold and Chips Ahead of Friday's CPI

Thursday widened the Middle East escalation and delivered the inflation surprise the market had been bracing for. Iran's Revolutionary Guard said its navy targeted two U.S. Navy vessels and eight tankers, and Houthi forces seized the Red Sea port of Mocha, sending Brent toward $108 a barrel Thursday afternoon from $101.53 Wednesday, per CNBC and Al Jazeera. Hours earlier, August producer prices rose 5.4% year-over-year — a tenth above forecast — pushing the 10-year Treasury yield to its highest level since November 2023 and Fed hike odds for the September 16 meeting to roughly 70%, per Goldsilver.com. That repricing hit gold (−1.73%), silver (−5.30%) and chips (SMH −2.44%) hard, even as USO jumped 5.61% on the widening conflict. Cable stocks staged the day's cleanest reversal: Charter and Comcast, both hammered Wednesday by Comcast's "irrational" fiber-pricing comments, rebounded after Charter touted more than $1 billion in Cox-merger synergies at the Goldman Sachs Communacopia conference. Oracle beat estimates and jumped roughly 6% after hours; Adobe whipsawed from an initial 2% dip to near flat. August CPI lands Friday morning — still the print that decides the Fed's September 15-16 meeting.

By Lei Holdings Research

Thursday, September 10, 2026 close, the most recent confirmed session · Published Friday, September 11, 2026 · Published every weekday morning — see the full archive

SPY$757.83−0.60% Thu

QQQ$708.69−1.06% Thu

SMH$560.28−2.44% Thu

GLD$396.36−1.73% Thu

SLV$57.50−5.30% Thu

USO$158.38+5.61% Thu

USD/JPY¥153.38~flat Thu

A crude oil tanker at sea — Brent crude climbed toward $108 a barrel Thursday afternoon after Iran's Revolutionary Guard said it targeted two U.S. Navy vessels and eight tankers, and Houthi forces seized the Red Sea port of Mocha — a widening of the shipping-lane conflict that came the same day a hot PPI print sank gold, silver and chip stocks. Photo: Wikimedia Commons.

A Hot PPI Print Hits Chips Hardest as Cable Stocks Stage the Day's Cleanest Reversal

SPY fell 0.60% Thursday to $757.83 and QQQ fell 1.06% to $708.69 as August PPI's hotter-than-expected print pushed yields to their highest since November 2023. SMH absorbed the worst of it, down 2.44% to $560.28 and back below its 50-day average. Charter and Comcast were the exceptions, rebounding sharply from Wednesday's broadband-pricing rout.

SPY, Thu

−0.60%

SMH, Thu

−2.44%

CHTR, Thu

+4.98%

CMCSA, Thu

+2.36%

Hot PPI reset the rate-hike math

5.4% year-over-year producer prices pushed Fed odds for Sept. 16 toward 70%

August PPI rose 0.4% on the month and 5.4% year-over-year, a tenth above forecast, while core PPI held in line at 4.6%. The 10-year yield pushed to its highest level since November 2023 within hours, per Goldsilver.com and FXStreet.

Cable's rebound had an actual catalyst behind it

Charter's Cox-synergy pitch reversed Wednesday's Comcast-driven selloff

Charter rose 4.98% and Comcast 2.36% Thursday, a day after Comcast's CFO called fiber pricing "irrational" and both stocks fell sharply. Charter's Goldman Sachs conference pitch — over $1 billion in Cox-merger synergies, capex falling below $8 billion — gave bulls a specific reason to buy the dip.

SMH · VanEck Semiconductor ETF

Daily, 6 months · MA50/200, RSI(14), MACD(12,26,9)

Close $560.28

Wednesday $574.29 → Thursday $560.28 (−2.44%), erasing the prior two sessions' bounce and closing back below the $570.14 50-day average. RSI fell to 48.1 from 53.7; the MACD histogram narrowed to +1.60 from +2.08 as the hot PPI print and the resulting yield spike hit high-multiple chip names hardest.

Oracle reported after Thursday's close and beat on both lines — adjusted EPS of $1.92 versus $1.73-$1.99 estimates, revenue of $19.35 billion versus roughly $19.13-$19.14 billion consensus, with $11.6 billion of that from cloud — and jumped about 6% after hours, per 24/7 Wall St. Adobe's guidance came in roughly in line with estimates; the stock initially fell as much as 2% after hours before paring the move to near flat, per Investing.com. Both moves are after-hours prints and could still shift into Friday's open.

ORCL +6% after hours on a beat-and-raise quarter

ADBE whipsawed from −2% to near flat after hours

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Hot PPI Sinks Gold and Silver as Oil Surges on a Widening Attack on U.S. Ships

USO jumped 5.61% Thursday to $158.38, a fresh high in this dataset, after Iran's Revolutionary Guard said it targeted two U.S. Navy vessels and eight tankers and Houthi forces seized the Red Sea port of Mocha, per CNBC and Al Jazeera. Gold fell 1.73% to $396.36 and silver sank 5.30% to $57.50 as August PPI's hot print reversed Wednesday's haven rally.

GLD · SPDR Gold Shares

Daily, 6 months · MA50/200, RSI(14), MACD(12,26,9)

Close $396.36

Wednesday $403.35 → Thursday $396.36 (−1.73%), giving back the prior session's haven bid as the hot PPI print lifted real yields. RSI fell to 45.7 from 50.2; the MACD histogram widened its negative reading to −2.95 from −2.61. $396 held as support intraday; $415 remains the nearest resistance above.

USO · United States Oil Fund

Daily, 6 months · MA50/200, RSI(14), MACD(12,26,9)

Close $158.38

Wednesday $149.97 → Thursday $158.38 (+5.61%), a fresh high in this six-month dataset as Brent pushed toward $108 on the widening attack on U.S. and allied shipping. RSI climbed to 78.0 from 72.9, deep in overbought territory; the MACD histogram widened to +2.20 from +1.62. $150 is now the nearest support on a pullback.

Why gold and silver fell together

August PPI rose 5.4% year-over-year, a tenth above forecast, pushing the 10-year yield to its highest level since November 2023 and raising the real-yield cost of holding non-yielding metals, per Goldsilver.com

Fed hike odds for the September 16 meeting rose to roughly 70% on the print, from about 62% before it, per FXStreet

Silver fell more than three times as hard as gold — it absorbs the same real-yield pressure plus a second markdown on the growth outlook its industrial buyers depend on, per Goldsilver.com

Why oil keeps climbing

Iran's Revolutionary Guard said its navy targeted two U.S. Navy vessels, eight oil tankers, and ten other ships in response to U.S. strikes on five Iranian tankers earlier in the week, per CNBC

Houthi forces seized Mocha, a port town near the Bab al-Mandab Strait chokepoint on Yemen's Red Sea coast, adding a second shipping lane to the risk premium, per Al Jazeera

Brent is up more than 8% in September and roughly 53% year-over-year as the conflict has nearly halted transit through the Strait of Hormuz, a corridor that carried about a fifth of world oil before the war

USD/JPY, Thu

~Flat

10Y yield

Highest since Nov. 2023

GLD, Thu

−1.73%

USO, Thu

+5.61%

USD/JPY closed Thursday near ¥153.38, little changed from Wednesday's ¥153.35, as yen firmness tied to safe-haven flows offset the dollar's own bid from rising yields. The 10-year yield's push to its highest level since November 2023 came directly from the PPI print, not a fresh Treasury intervention — a cleaner, more legible driver than Wednesday's unsuccessful buyback.

Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. — A hot August PPI print pushed the 10-year Treasury yield to its highest level since November 2023 and lifted Fed hike odds for the September 16 meeting to roughly 70% — August CPI on Friday is now the last major data point before that decision. Photo: Wikimedia Commons (public domain).

A Hot PPI Print and a Widening Ship Attack Set Up a CPI Morning With the Highest Stakes Yet

Thursday delivered both halves of the week's core tension in a single session: an inflation surprise and a fresh escalation at sea. What's left: Oracle and Adobe's after-hours reaction working through Friday's open, and August CPI the same morning — the last data point before the Fed's September 15-16 meeting.

Sat-Wed Sep 6-9

USO

Iran and the U.S. exchange strikes through the week Resolved

U.S. forces disabled roughly ten Iranian oil tankers and Brent topped $100 for the first time since July, pushing the Dow down for a third straight session Wednesday, per Invezz and Reuters.

Thu Sep 10

PPI

August PPI rises 5.4% year-over-year, a tenth above forecast Resolved

Core PPI held in line at 4.6%. The 10-year yield hit its highest level since November 2023 within hours, and Fed hike odds for Sept. 16 rose to roughly 70% from about 62%, per Goldsilver.com and FXStreet.

Thu Sep 10

USO

Iran targets two U.S. Navy vessels; Houthis seize Red Sea port of Mocha Developing

Iran's Revolutionary Guard said its navy targeted two U.S. Navy vessels, eight tankers, and ten other ships; Brent climbed toward $108 Thursday afternoon from $101.53 Wednesday, per CNBC and Al Jazeera.

Thu Sep 10

CHTR / CMCSA

Cable stocks rebound after Wednesday's broadband-pricing selloff Resolved

Charter rose 4.98% and Comcast 2.36% after Charter's Goldman Sachs conference pitch highlighted over $1 billion in Cox-merger synergies and capex falling below $8 billion.

Thu Sep 10

ORCL / ADBE

Oracle and Adobe report fiscal results after the close Developing

Oracle beat on EPS ($1.92 vs. $1.73-$1.99 est.) and revenue ($19.35B), jumping about 6% after hours; Adobe's in-line guidance whipsawed the stock from −2% to near flat, per 24/7 Wall St. and Investing.com.

Fri Sep 11

CPI

August CPI, the decisive print before the Fed meeting High vol

Consensus sees 3.4% headline and 2.4% core inflation. After Thursday's hot PPI and yields at their highest since November 2023, a hot CPI would likely lock in a September hike; a soft one would be the first real pushback. Lands four days before the September 15-16 FOMC decision, per CNBC and Morningstar.

Flagged — unverified or single-sourced

The "two U.S. Navy vessels, eight tankers, and ten other ships" figure is Iran's own Revolutionary Guard claim, per CNBC — not independently confirmed by U.S. Central Command as of this writing.
Oracle's and Adobe's earnings moves are after-hours prints from Thursday night; both could shift materially once Friday's regular session opens.
August CPI has not yet been released; the actual print lands Friday morning, September 11, and could materially change the rate outlook described here.

Charter's Rebound Had a Real Catalyst — Datadog's Small Decline Didn't

The tofu-agent scanner directory listed ten Sept. 10-dated candidate files, including three new names not covered in prior editions: CHTR, CMCSA, and DDOG, all presenting at the Goldman Sachs Communacopia + Technology Conference this week. The directory itself was unreadable this run (the same filesystem/iCloud sync lock flagged in prior editions) — every move below was independently verified close-to-close and cross-checked against dated news.

Charter and Comcast both rebounded Thursday from Wednesday's broadband-pricing selloff, but only Charter had a same-day, company-specific catalyst behind the bounce. Datadog's small decline, by contrast, came with no confirmed cause.

Thu Sep 10

CHTR

Charter Communications +4.98% close-to-close

Confirmed catalyst: at the Goldman Sachs Communacopia conference, Charter said it now expects more than $1 billion in Cox-merger operating synergies and capex falling below $8 billion, above its original $800 million synergy target.

Thu Sep 10

CMCSA

Comcast +2.36% close-to-close

Plausible but not a single dated catalyst: coverage tied the bounce to investors revisiting Comcast's spin-off value story and wireless momentum, a day after its CFO's "irrational" fiber-pricing comments drove an 8% drop — more an oversold rebound than a fresh announcement.

Thu Sep 10

DDOG

Datadog −1.58% close-to-close Unexplained

Datadog presented at the same Goldman Sachs conference Thursday, but no dated, company-specific news explains the decline. The likeliest read is a modest give-back after Tuesday's 7.15% jump, not a new negative catalyst.

How this list is built

The tofu-agent scanner directory (Obsidian vault, iCloud-synced) listed ten Sep 10-dated candidate files, including duplicates for CASY and META already covered in the prior edition. Confidence scores could not be read this run — the same filesystem/iCloud sync lock that affected the three prior editions' batches recurred here.
Every move below was independently verified close-to-close from historical EOD price data (Wednesday Sep 9 to Thursday Sep 10 close) and cross-checked against dated news search, not taken from the scanner's own percentage or headline.
Two of three tickers (CHTR, CMCSA) had a plausible or confirmed catalyst tied to Thursday's Goldman Sachs conference; DDOG did not clear the bar for a confirmed cause and is flagged Unexplained rather than forced into a narrative.

One Data Print Explains Almost Every Asset Move Thursday

Thursday's session had one dominant thread: a hot PPI print that repriced Fed odds and rippled through every asset class simultaneously. The oil-and-shipping escalation ran alongside it, not underneath it.

A single data print moved gold, chips, and rate expectations together

August PPI's 5.4% year-over-year reading pushed the 10-year yield to its highest level since November 2023 within hours — the same input drove gold and silver down, SMH down, and Fed hike odds for Sept. 16 up to roughly 70%.

Silver's underperformance is a clean read on how rate repricing hits growth-sensitive assets

Silver fell more than three times as hard as gold Thursday — proof that a hot inflation print doesn't just raise the cost of holding non-yielding metals, it also marks down the industrial-demand outlook silver's other buyers depend on.

SMH's two-session bounce was fully erased in one day

Wednesday's second straight close above the 50-day average and improving MACD histogram both reversed Thursday — a reminder that a rate-driven risk-off session hits high-multiple chip names first and hardest, regardless of the technical setup.

The oil-and-shipping conflict is now a parallel risk, not a subplot

Iran's claimed attack on two U.S. Navy vessels and the Houthi seizure of a second Red Sea port both happened the same day as the PPI shock — a widening physical conflict compounding, not following, the inflation story.

Charter's rebound shows company-specific news can still overrule a bad macro tape

Charter rose almost 5% on a day the broader market fell nearly 1% and chips fell 2.44% — proof a specific, credible synergy number can still move a stock against the macro grain.

Oracle's after-hours beat sets up a real test for Friday's open

A beat-and-raise quarter that lifted shares roughly 6% after hours would, in a normal week, dominate Friday's tape — instead it has to compete directly with CPI for market attention hours after the release.

Thursday's hot PPI print did more to move markets than the Iran-U.S. shipping escalation happening in parallel — a reminder that domestic inflation data is still the market's dominant cross-asset driver even during an active geopolitical shock. Friday's CPI, landing hours after Oracle's earnings beat, is now the single data point most likely to determine whether that repricing continues into the September 15-16 FOMC meeting.

Where This Leaves Positioning

SPY $758

Thursday's close, down 0.60% as hot PPI and a widening oil-shipping conflict outweighed Oracle's after-hours beat. A push above $763 on Friday would signal CPI reassured markets; a slip below $752 would suggest the rate-and-oil headwind is compounding.

SMH $560

Thursday's close, down 2.44% and back below its $570.14 50-day average, erasing the prior two sessions' bounce. A close back above $570 would suggest Thursday was a one-day rate shock; a slip below $547 would open the next support zone.

10Y yield, highest since Nov. 2023

Driven directly by Thursday's hot PPI print. A hot CPI Friday would likely push yields further into hike-pricing territory; a soft one would be the first real test of whether this move can reverse.

USO $158

Thursday's close, up 5.61% and a fresh high in this six-month dataset, with RSI at 78.0 deep in overbought territory. A push through $163 would confirm the conflict premium is still building; a fade back below $150 would suggest the rally is due for a pause.

GLD $396

Thursday's close, down 1.73% as the hot PPI print reversed Wednesday's haven rally. A close back above $403 would confirm gold has regained its bid; a slip below $396 reopens the prior base near $386.

Friday's CPI comes in soft, at or below consensus core

Thursday's rate-hike repricing comes under immediate pressure

A cool CPI print would cut directly against the repricing that Thursday's hot PPI drove, potentially reviving doubts about a September hike, letting gold and chips recover part of Thursday's losses, and giving Oracle's earnings beat room to actually move the tape.

Read-through: 10-year yield pulls back from its Nov. 2023 high, SMH reclaims $570, GLD retests $403, USO pulls back from overbought toward $150.

Friday's CPI surprises hot, well above consensus

A September hike becomes close to a certainty alongside a widening shipping conflict

A hot CPI stacked on top of Thursday's PPI shock and a widening attack on U.S. and allied shipping would give the Fed two independent, reinforcing reasons to hike — testing whether Oracle's earnings beat and the broader index can absorb a genuinely hawkish, conflict-inflated backdrop.

Read-through: SPY retests $752, SMH fails to hold $560, GLD breaks below $396, USO pushes through $163.

Base case

A hot August PPI print pushed yields to their highest level since November 2023 and repriced Fed hike odds toward 70% — that single data point, not the parallel oil-and-shipping escalation, is the dominant signal heading into Friday's CPI. Oracle's earnings beat and Charter's rebound cut against the selloff, but neither changes the rate-driven pressure underneath it.

Equities: SPY fell 0.60% Thursday to $757.83 and QQQ fell 1.06% to $708.69 as the hot PPI print hit growth names broadly. SMH fell 2.44% to $560.28, erasing its prior two-session bounce. Charter (+4.98%) and Comcast (+2.36%) rebounded from Wednesday's broadband-pricing selloff on Charter's Cox-synergy pitch.

Commodities & rates: the 10-year yield hit its highest level since November 2023 directly on August PPI's hot 5.4% year-over-year reading. Oil (USO) jumped 5.61% to a dataset-high $158.38 as Iran claimed an attack on two U.S. Navy vessels and Houthi forces seized a second Red Sea port; gold (GLD) fell 1.73% and silver (SLV) sank 5.30% as the same PPI print reversed Wednesday's haven rally.

FX & policy: USD/JPY closed Thursday little changed near ¥153.38. Oracle beat estimates and jumped roughly 6% after hours; Adobe's in-line guidance whipsawed the stock from an initial 2% dip to near flat. August CPI on September 11 remains the last major data point before the Fed's September 15-16 meeting.

The wildcard: a single domestic data print moved more asset classes Thursday than an active, widening Middle East shipping conflict — a reminder that Friday's CPI, not the geopolitical headlines, is still the variable most likely to set the market's direction into next week's Fed decision.

—

Sources

Stock Market Today: Live Updates — CNBC, Sep 10 2026 S&P 500, Nasdaq Decline as Brent Oil Hits Highest Point Since July — TheStreet, Sep 10 2026 Triple-Digit Oil Spooks Market but PPI In Line — Charles Schwab, Sep 10 2026 Gold, Silver Fall as PPI Hits 5.4%, Fed Odds Jump to 60% — GoldSilver.com, Sep 10 2026 Silver Just Fell Three Times Harder Than Gold — GoldSilver.com, Sep 10 2026 Silver Selloff Deepens as US PPI Lifts Fed Hike Expectations — FXStreet, Sep 10 2026 Friday's CPI Inflation Report Is Even More Important Than Usual — CNBC, Sep 10 2026 Oil Prices Today: WTI, Brent, U.S.-Iran — CNBC, Sep 9 2026 Oil Prices Rise as Iran Targets Vessels in Strait of Hormuz; Houthis Seize Critical Yemeni Port — Washington Times, Sep 10 2026 Oil Prices Surge as US-Iran Strikes Intensify in Strait of Hormuz — Al Jazeera, Sep 2026 Oracle Jumped 36% in a Day After Last September's Earnings — 24/7 Wall St., Sep 10 2026 After-Hours Movers: ORCL, CRWV, ADBE, ACVA, CPRT, ZUMZ, PMTS — Investing.com, Sep 10 2026 Charter Communications (NASDAQ:CHTR) Trading Up — MarketBeat, Sep 10 2026 Comcast Sinks 8%, Charter Drops 6%, T-Mobile Slips: Is a Broadband Repricing Under Way? — 24/7 Wall St., Sep 9 2026 Comcast Rises as Investors Revisit Spin-Off Value Story and Strong Wireless Momentum — QuiverQuant, Sep 10 2026 Charter at Goldman Sachs Conference: Growth Push After Cox Deal — Investing.com, Sep 2026 Price data pulled fresh via stockanalysis.com and Yahoo Finance historical EOD data, current through Thursday Sep 10, 2026 close, the most recent confirmed session (no MCP price-data tool was available this run; web-sourced OHLCV was cross-checked across two providers where possible). Session percentages computed Wednesday Sep 9 close to Thursday Sep 10 close directly from raw OHLCV, not carried forward from any prior edition. Chart-data indicators (SMA50, RSI14, MACD) for SMH, GLD, and USO were recomputed this run from the stored 133-day OHLCV series plus Thursday's new bar; recomputing the full Wilder RSI and EMA-based MACD series from that window reproduced the prior day's already-published values exactly, confirming the methodology converges regardless of starting point. SMA200 could not be recomputed exactly from the available 133-day window (short of the 200 days required) and was instead updated via a standard incremental approximation — a small source of imprecision on that one figure, flagged here rather than silently carried as exact. Market Movers tickers (CHTR, CMCSA, DDOG) were drawn from the tofu-agent scanner's newest Sep 10-dated files after the scanner directory again became unreadable this run (filesystem/iCloud lock, the same recurring issue as the three prior editions); every move was independently verified close-to-close and cross-checked against dated news, with DDOG flagged Unexplained rather than forced into a narrative. Iran's claimed attack on two U.S. Navy vessels is a single-sourced military claim relayed by CNBC, not independently confirmed by U.S. Central Command as of this writing.