US Markets Highlights — Sep 12, 2026 | Aivina
September 12, 2026
US markets saw significant gains, with the S&P 500 and Nasdaq reaching record highs, primarily driven by strong tech sector performance following Nvidia's robust earnings. However, the release of the latest Fed meeting minutes introduced a hawkish tone, revealing some officials are open to further rate hikes if inflation stalls, which tempered earlier market expectations for rate cuts. Recent economic data showed resilient growth, with manufacturing and services PMIs expanding, while April's CPI indicated a slight cooling in inflation.
Highlights
- Tech sector soared; Nvidia earnings beat estimates; S&P 500, Nasdaq reached records.
- Fed minutes released; hawkish stance emerged; rate hike option discussed.
- Economic data improved; PMIs showed expansion; jobless claims remained low.
Macro Overview
Inflation
April CPI cooled slightly to 3.4% YoY; core CPI eased, but PPI was higher than expected.
Interest Rate Outlook
Fed minutes revealed some officials would consider rate hikes if inflation persists, tempering cut expectations for 2024.
Risk Sentiment
neutral
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