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Wall Street Opens Higher as Markets Absorb August CPI Data

Technology Services · Internet Software/Services · yonhap_finance · 2026-09-11

U.S. stocks rallied as investors digested August CPI data, which met expectations despite a slightly higher-than-anticipated core inflation reading.

What Happened

Market Performance: The three major U.S. stock indices opened higher following the release of the August Consumer Price Index. While headline CPI rose 3.4% year-over-year in line with forecasts, core CPI slightly exceeded market expectations.

Monetary Policy: Although the data solidified the case for potential interest rate hikes, markets remained resilient as investors had already priced in the Fed's tightening cycle. The probability of a September rate hike rose to 85.6% according to CME FedWatch data.

Corporate Highlights: Oracle shares climbed following strong cloud infrastructure revenue growth, while Adobe shares fell due to a disappointing revenue outlook. GameStop shares gained momentum after CEO Ryan Cohen disclosed a significant purchase of company stock.

Global Context: International oil prices dropped more than 3%, falling below the $100 per barrel mark, while European markets also trended upward, reflecting a broader improvement in global investor sentiment.

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