Wall Street heads into Fed week after Friday rebound
Dow 52,573; S&P 7,657; Nasdaq 26,333; markets closed for the weekend.
U.S. stocks finished Friday higher, snapping a four-day losing streak: the Dow Jones Industrial Average rose 0.98% to 52,573.29, the S&P 500 gained 0.86% to 7,656.98, and the Nasdaq Composite climbed 0.96% to 26,333.04. Markets are closed Sunday; Wednesday’s FOMC decision is the week’s main catalyst.
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FedWatch still prices high odds of Sept. 16 hike
Futures imply about 85%–90% chance of a 25 bp increase.
After Friday’s CPI, CME FedWatch odds of a quarter-point hike jumped toward 90%. Weekend week-ahead notes put the probability around 85%. Attention will turn to the policy statement, Summary of Economic Projections, dot plot and Fed Chair Kevin Warsh’s press conference Wednesday at 2:30 p.m. ET.
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Dell and HPE led Friday’s AI-hardware surge
Dell +12% to $567; HPE +12.4% to $62 after Oracle supplier comments.
Dell Technologies rose about 12% to $567.29 on 14.5 million shares, and Hewlett Packard Enterprise gained about 12.4% to $62.09 on 39 million shares Friday after Oracle’s results and CFO comments naming them as AI-rack suppliers. Oracle itself closed about 1.7% lower after reversing an early jump.
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Oil eased Friday but stays elevated above $99
WTI near $100; Brent near $105; diesel average topped $6.
West Texas Intermediate fell roughly 2%–2.7% Friday to about $99.68–$100.30 a barrel, while Brent settled near $104.77. Despite the session pullback, crude remained up sharply for the week and month. Coverage cited the U.S. average diesel price topping $6 a gallon for the first time Friday.
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Week-ahead earnings: PLAY, Trip.com, Lennar, Carnival
Dave & Buster’s Monday; Lennar Wednesday after FOMC; Carnival Thursday.
Seeking Alpha and TradingKey week-ahead calendars flagged Dave & Buster’s (PLAY) on Monday, Trip.com after the close midweek, Lennar (LEN) on Wednesday after the Fed decision, Carnival (CCL) on Thursday, and VinFast later in the week. Salesforce also hosts Dreamforce investor sessions Wednesday.
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