Show notes
- US equity markets advanced on Friday (11 September), snapping a four-session losing streak as oil prices snapped an eight-session winning streak and pulled back from five-month highs, while investors digested inflation figures that cemented expectations of an interest rate hike later this week – Dow rebounded +509-points or +0.98%.
- The broader S&P500 rallied +0.86%, with Communication Services (up +1.35%), Consumer Discretionary (+1.13%), Information Technology (+1.11%) and Industrials (+1.07%) all climbing over >1% to lead nine of the eleven primary sectors higher. Utilities (down -0.34%) and Health Care (-0.14%) were the only sectors to settle in the red. Server makers Dell Technologies Inc (up 11.98%) and Hewlett Packard Enterprise Co (+12.44%) led the S&P 500’s gainers on Friday (11 September), as investors were reassured about data-centre spending by Oracle Corp’s (down -1.74%) latest earnings report.