The week of September 7 to September 13, 2026 was a Labor Day skip, a Hormuz oil shock, a second ECB hike, and the August CPI print Waller had tied to his September vote. West Texas Intermediate finished the week above 100 dollars for the first time since mid-May. The S&P 500 closed Friday at 7,656.98, down 0.8 percent on the week from 7,718.60. This recap is published on a Sunday, when traditional markets are closed. Stock, gold and oil figures are Friday's closes (September 11). US cash reopens Monday. Bitcoin and Ether are live Sunday levels. See Saturday's weekly markets roundup. This is not a recommendation.

Weekly Scorecard: Friday Snaps a Four-Day Slide, the Week Still Finishes Red

Monday never printed a US cash close. Tuesday through Thursday the oil-and-yield impulse did the index work, as mapped from the Labor Day reopen through Thursday's evening review. Friday snapped the losing streak. At Friday's cash close the S&P 500 stood at 7,656.98, up 0.9 percent on the day and down 0.8 percent on the week from the prior Friday's 7,718.60 (Associated Press, Reuters and FRED). The Nasdaq Composite finished at 26,333.04, down 0.7 percent on the week. The Dow closed at 52,573.29, down 1.6 percent, 840.96 points, its worst week since March. Friday range 7,636.75 to 7,677.02. The 10-year last printed about 4.95 percent. CME FedWatch assigned about a 90 percent chance of a 25-basis-point hike on September 16. Those equity figures are Friday closes. US cash is shut until Monday. Catch up: Friday's analysis and the Friday evening review.

Key Takeaways: Scorecard
  • S&P 500 -0.8% on the week to a Friday close of 7,656.98, after a 0.9% Friday snap
  • Nasdaq -0.7% at 26,333.04; Dow -1.6% at 52,573.29, worst week since March
  • Friday range 7,636.75-7,677.02; four-day slide snapped, week still red
  • All equity figures are Friday closes (September 11); cash reopens Monday

Biggest Movers of the Week

No print captured the week's architecture like Oracle's backlog. After Thursday's close Oracle reported fiscal first-quarter revenue of 19.35 billion dollars, up 30 percent, and adjusted EPS of 1.92 dollars versus about 1.74. Cloud infrastructure jumped 121 percent to 7.4 billion. Remaining performance obligations rose to 664 billion. Oracle spent 28.5 billion of capital and sold 20 billion of stock. Shares jumped about 6 percent after hours, then faded Friday. The server makers collected the bid. Dell closed Friday about 558.71 dollars, up about 10.3 percent, a record. Hewlett Packard Enterprise jumped about 11 percent.

On Tuesday Meta launched Muse. Meta closed Wednesday at 653.69 dollars, up 6.6 percent. Wednesday was John Ternus's first hardware keynote. Apple unveiled the iPhone Duo at 1,999 dollars. Shares were little changed on the event day, then rose about 3.6 percent Thursday. Amgen fell about 10 percent Tuesday, its worst session since October 2000, after Novartis said pelacarsen missed the primary endpoint of its Phase 3 Lp(a)HORIZON trial. On Thursday Copart agreed to buy ACV Auctions for 1.9 billion dollars. ACV jumped about 44 percent.

Key Takeaways: Movers
  • Oracle: $19.35B revenue, IaaS +121% to $7.4B, RPO $664B; faded Friday after a 6% after-hours pop
  • Dell +10.3% to ~$558.71, a record; HPE about +11% Friday
  • Meta +6.6% on Muse; Apple Duo at $1,999, then +3.6% Thursday
  • Amgen ~-10% Tuesday on the Novartis pelacarsen miss; Copart-ACV $1.9B
A weathered cast-iron dock bollard wrapped with a heavy rusted mooring chain sits on wet dark stone under warm amber light, used as the ThriveInMarkets weekend recap inline image for September 7 to 13 2026, when West Texas Intermediate settled Friday at 100.05 dollars, up 9.4 percent on the week from 91.48, after US Central Command said it destroyed five Iranian oil tankers and Iran-aligned Houthis seized Yemen's port of Mocha

Macro and Geopolitics: CPI, 100-Dollar Oil, and a Second ECB Hike

Friday wrote the September script. August CPI rose 0.4 percent on the month and 3.4 percent on the year, both in line. Core rose 0.3 percent versus 0.2 percent expected, with the year-over-year rate 2.4 percent in line (BLS via NYT and CBS). Gasoline rose 3.9 percent on the month and accounted for more than a third of the increase. Thursday's PPI had already printed 5.4 percent on the year. Hike odds moved into the blackout near 90 percent. On Thursday the ECB raised its deposit rate 25 basis points to 2.50 percent, the second hike this year. President Christine Lagarde called the move a "no-brainer" against an energy-led inflation impulse and refused to pre-commit to October 29.

US Central Command said it destroyed five Iranian oil tankers, covered from the Labor Day tanker session through the five-tanker morning. Brent tagged 109.97 dollars. West Texas Intermediate settled Friday at 100.05 dollars (MarketWatch CL.1 and EnergyNow), up 9.4 percent on the week from the prior Friday's 91.48, after a 104.46 high, the first weekly finish above 100 since mid-May. On Thursday Iran-aligned Houthis seized Yemen's port of Mocha. Spot gold closed Friday about 4,349 dollars (stockinvest.us 4,349.42; Twelve Data 4,348.9; PriceGold 4,348.78), down about 1.8 percent on the week from 4,430. Gold and oil figures are Friday closes. Those markets reopen with electronic hours Sunday evening, then a full session Monday.

Key Takeaways: Macro
  • August CPI +0.4% MoM, 3.4% YoY; core +0.3% vs +0.2% expected; gasoline +3.9% MoM
  • September hike odds about 90%; 10-year ~4.95%; FOMC September 15-16
  • ECB deposit rate 2.50%, second hike this year; Lagarde will not pre-commit to October 29
  • WTI $100.05 (Friday settlement), up 9.4% on the week; gold $4,349 (Friday close), down 1.8%

Crypto: Bitcoin Holds Below $80,000 as Wrappers Rotate

Digital assets spent the week as a rate-odds satellite, then as a wrapper-rotation story. Bitcoin is near 77,137 dollars live on Sunday (TradingView 77,137; CoinMarketCap about 77,100 to 77,146), down about 3.3 percent from last Sunday's 79,807 area and still below 80,000. Ether holds near 2,518 dollars live (TradingView 2,517.8), up about 0.8 percent from last Sunday's 2,498 print. Those are 24/7 prints as of 09:06 UTC. Live levels sit on the ThriveInMarkets homepage.

US spot bitcoin ETFs lost 462.7 million dollars from Tuesday through Friday (SoSoValue via crypto.news), the first weekly outflow after last week's 986.9 million haul. Combined assets slipped to about 97.6 billion. Ether funds took about 197 million on the week, including 216 million Friday. Spot XRP ETFs took in about 19 million dollars. Bullish trigger for Bitcoin is a reclaim of 80,000 dollars, then last Thursday's 82,000 area. Bearish trigger: a slip through 75,000. These are reference points, not instructions.

Key Takeaways: Crypto
  • Bitcoin ~$77,137 (live), down ~3.3% from last Sunday, still below $80,000
  • Spot BTC ETFs -$462.7M Tue-Fri, AUM ~$97.6B; Ether ETFs +$197M, including +$216M Friday
  • Ether ~$2,518 (live), up ~0.8% from last Sunday; XRP ETFs ~+$19M
  • BTC bullish trigger: reclaim $80,000; bearish: a break of $75,000

The Week Ahead: FOMC, Clarity Act, and a Three-Bank Calendar

Cash reopens Monday into a two-day FOMC. Gold and oil resume electronic hours Sunday evening. Crypto still trades. These are scenarios for next week, not instructions to act on any asset. The live docket is on the ThriveInMarkets calendar.

  • Tuesday, September 15, 18:15 UTC: Senate cloture on the motion to proceed to the Clarity Act. It needs 60 votes. It is not a final-passage vote. FOMC day one runs in parallel.
  • Wednesday, September 16: FOMC decision and Chair Kevin Warsh's press conference, with hike odds about 90 percent for 25 basis points. August retail sales print the same session.
  • Thursday, September 17: Initial jobless claims, housing starts, and the Bank of England, expected to hold at 3.75 percent.
  • Friday, September 18: Bank of Japan, with most economists looking for a move to 1.25 percent, the highest policy rate since 1995.

In a contained-oil path, WTI holds below Thursday's 102.48 settlement and the S&P leans on Friday's 7,656.98 close into the decision. In a hot-oil path, a reclaim of Thursday's 102.48, or of Friday's 104.46 WTI high, would add another inflation impulse into FOMC. Traders watching 7,656.98 as the cash reference. Bullish trigger: a reclaim of Tuesday's 7,673.52, then last Friday's 7,718.60. Bearish trigger: a slide through Thursday's 7,591.70. These are observations of the price structure, not instructions. Docket: week-ahead note.

Key Takeaways: Week Ahead
  • FOMC September 15-16; hike odds about 90% after core CPI +0.3% MoM
  • Clarity Act cloture Tuesday 18:15 UTC, 60 votes, same day as FOMC day one
  • Retail sales Wednesday with the decision; BoE Thursday; BoJ Friday
  • S&P bullish trigger: reclaim 7,673.52 then 7,718.60; bearish: a slide through 7,591.70

ThriveInMarkets publishes market commentary for general information only and does not provide personal investment advice. Equity, gold and WTI figures are Friday closes for September 11, 2026. Equities reopen Monday. Bitcoin and Ether are live as of 09:06 UTC on September 13, 2026. Levels cited are observations of what the market is watching, not instructions to buy or sell any asset.