US stocks rallied Friday, snapping a four-day losing streak, as oil prices pulled back sharply after a week of gains tied to Middle East tensions. The Dow Jones Industrial Average rose 509 points (0.98%) to close at 52,573, the S&P 500 gained 0.86% to 7,657, and the Nasdaq Composite added 0.96% to 26,333. Falling crude oil, the raw material behind gasoline and diesel prices, eased inflation worries even though the day's Consumer Price Index report, a key gauge of how fast prices are rising, came in hotter than expected. That mattered because investors are bracing for the Federal Reserve, the US central bank, to raise interest rates at its meeting next week; markets are pricing in roughly a 70% chance of a quarter-point hike. Tech stocks led the rally after Oracle reported its cloud-computing revenue more than doubled last quarter, a sign AI infrastructure demand remains strong. That optimism lifted server and networking makers: Hewlett Packard Enterprise jumped more than 11%, and Cisco rose over 3%, as investors bet the AI buildout still has room to run.
Daily Digest ·
US stocks rallied Friday, snapping a four-day losing streak, as oil prices…
What moved Wall Street and the PSEi, and what it means for your money, in plain language.
Today, in Two Lines
The day’s biggest story in each market.
US stocks rallied Friday, snapping a four-day losing streak, as oil prices pulled back sharply after a week of gains tied to Middle East tensions.
The Philippine Stock Exchange Index (PSEi) fell 0.61%, or 37.42 points, to close at 6,061.81 on Friday, its second straight decline, as global oil prices climbing back above $100 a barrel and the peso hitting a fresh record low fed worries about faster inflation.
US & PH Markets at Last Close
Where each market finished its most recent trading session before this issue went out.
US markets
| S&P 500 | 7,656.98 +0.86% |
| Dow Jones | 52,573.29 +0.98% |
| Nasdaq | 26,333.04 +0.96% |
| 10-Yr Treasury Yield | 4.97% |
Philippine markets
| PSEi | 6,061.81 -0.61% |
| USD/PHP | 62.67 +0.33% |
| BSP Rate | 5.00% |
Winners & Losers
The stocks that moved most, and why.
USUnited States
- HPE Hewlett Packard Enterprise+11.2%
Investors revisited the company's blowout early-September earnings and raised guidance, extending a rally in AI-server demand stocks
- CSCO Cisco Systems+3.4%
Optimism around AI-driven networking demand and a newly announced quantum-networking partnership lifted the stock
- GME GameStop+4%
CEO Ryan Cohen bought $20.3 million of company stock in the open market, a signal investors read as a vote of confidence
- ADBE Adobe-2.8%
Beat quarterly earnings but issued softer-than-expected guidance for the next quarter, reviving worries about competition from AI-native rivals
PHPhilippines
- CNPF Century Pacific Food+5.31%
- GTCAP GT Capital Holdings-3.44%
Today’s Full Story
USUnited States
PHPhilippines
The Philippine Stock Exchange Index (PSEi) fell 0.61%, or 37.42 points, to close at 6,061.81 on Friday, its second straight decline, as global oil prices climbing back above $100 a barrel and the peso hitting a fresh record low fed worries about faster inflation. The peso weakened to ₱62.68 per US dollar, its third all-time low this month, as persistent dollar strength and elevated oil costs discouraged investors from holding peso-denominated assets. Foreign investors pulled a net ₱999 million out of local stocks. Nearly every sector fell, led by mining and oil issuers, down 3.27%; property was the only sector to hold flat. The selling reflects a concern that's been building for months: the Bangko Sentral ng Pilipinas (BSP), the country's central bank, raised its benchmark interest rate to 5% in late August, its third hike this year, specifically to fight inflation, which eased slightly to 6.1% in August but remains well above the BSP's 2%-4% target. Rising oil prices threaten to reverse that progress and could pressure the BSP to tighten policy further, which would raise borrowing costs across the economy.
US–PHHow US news affects the Philippines
Friday's action in both markets traces back to the same commodity: oil. US stocks rallied partly because crude prices pulled back on the day, but oil remains sharply higher for the week and above $100 a barrel, the same level that's weighing on Philippine investors, since the Philippines imports nearly all its oil and higher crude quickly shows up in transport fares, electricity bills, and food costs. There's also a currency link: with US inflation data still running hot, traders are betting the Federal Reserve will raise rates next week, which tends to strengthen the US dollar. A stronger dollar is bad news for the peso, which already hit a third record low this month at ₱62.68 per dollar. A weaker peso makes imported oil even more expensive in peso terms, adding to the same inflation pressure the BSP has been fighting with its own rate hikes. For overseas Filipino workers sending money home, though, the weaker peso means each dollar remitted converts to more pesos, a rare silver lining for households even as costs rise for everyone else.
Sa Taglish
Yung nangyari sa US at PH stock markets kahapon, parehong dahil sa oil prices talaga. Bumangon ang US stocks kasi bumaba ng konti ang presyo ng oil that day, pero for the week, mataas pa rin siya, nasa taas pa rin ng $100 per barrel, tapos yun mismo ang kinatatakutan ng mga Pilipino investors, kasi halos lahat ng oil na ginagamit natin dito, imported. So pag mahal ang oil sa labas, mabilis siyang tumatama sa presyo ng pamasahe, kuryente, at kahit delivery fees. May currency angle din diba, since mataas pa rin ang inflation data ng US, mas malaki ang tsansang mag-hike ang Fed ng interest rates sa susunod na linggo, tapos usually pag ganon, lumalakas ang dolyar. Pag lumakas ang dolyar, papalpak naman ang peso, kaya nga third record low na natin this month, umabot ng ₱62.68 kada dolyar. So mas mahal pa ang import natin ng oil sa peso terms, tapos doon papasok yung parehong pressure sa BSP na baka kailanganin pang taasan ang rates. Pero para sa mga OFW na nagpapadala ng pera pauwi, may konting silver lining, kasi kada dolyar na ipinapadala nila, mas malaki na ang katumbas sa peso, kahit papaano nakakatulong ito sa pamilya kahit tumataas ang gastusin ng iba.
USD/PHP
Biggest mover: Dow Jones +0.98%
What to Watch
- The Federal Reserve's policy meeting next week, where markets are pricing in a roughly 70% chance of a rate hike after hot August inflation data.
- Whether Brent crude holds above $100/barrel, a level tied to both US inflation worries and Philippine transport and electricity cost pressure.
- The peso's distance from further record lows against the US dollar if the dollar strengthens on Fed rate-hike expectations.
- Whether the BSP needs to raise rates again beyond August's move to 5% if oil-driven inflation risks persist.
Sources
The original reporting behind this issue.
US markets
- Stock Market Today (Sept. 11, 2026): S&P 500, Dow recover as inflation, oil report bolster market
- Stocks Climb in Run-Up to Next Week's Fed Decision: Markets Wrap
- Oracle's stock rises on earnings and revenue beat fueled by AI cloud demand
- Stock Market News, September 11, 2026, Morning Update
PH markets
- Oil, peso woes drag PSEi below 6,100
- Another historic low for Peso, PSEi down a 2nd day, September 11, 2026
- Inflation slows to 6.1%, stays well above target
- BSP raises interest rate to 5% to tame price risks
Cross US–PH
Terms to know
- Stock
- A tiny piece of ownership in a company. Buying a company's stock means you own a small part of that business.
- Stock market
- The overall marketplace where stocks are bought and sold. When we say 'the market' or show numbers like the S&P 500 or PSEi, we mean a snapshot of how stocks overall are doing that day.
- Interest rate
- The cost of borrowing money, or what you earn for saving it. When rates go up, loans get pricier, but savings can earn a bit more.
- Inflation (CPI)
- When everyday prices rise over time, so the same money buys less than before. CPI is the number used to measure it.
- Fed (Federal Reserve)
- The US central bank. It sets interest rates, which affect how expensive it is to borrow money, even here in the Philippines.
- BSP (Bangko Sentral ng Pilipinas)
- The Philippine central bank, PH's equivalent of the Fed.
- PSEi
- A single number that tracks how the Philippines' biggest company stocks are doing overall, like a report card for the PH stock market.
- bps (basis points)
- A small unit for measuring interest rate changes: 100 bps = 1%. Used because rate changes are usually tiny.
- 10-Yr Yield
- The interest rate the US government pays to borrow money long-term. When it rises, loans and mortgages tend to get pricier everywhere, not just in the US.
- USD/PHP
- How many pesos it takes to buy one US dollar.
- OFW remittances
- Money sent home by overseas Filipino workers, a key driver of peso demand.
Summaries, mover explanations, and forward-looking notes in this issue are AI-written from real market data and sourced news. Not financial advice.