On September 17, 2026, US stock markets opened with a rally following a sell-off caused by the Federal Reserve's interest rate hike. The Fed raised its benchmark rate by 25 basis points on September 16, 2026, marking the first increase in three years.
Dow E-minis rose between 0.7% and 1.13%, while S&P 500 futures gained 0.8% to 1.21%. The Nasdaq 100 showed the strongest performance, climbing between 1.06% and 1.58%. Technology stocks, including Nvidia and Amazon, led the gains.
The market recovery followed a decline in oil prices and Treasury yields. Brent crude futures fell over 2% to a range of $102 to $103.70 per barrel, while West Texas Intermediate dropped 1.7% to $100.70.
The yield on the 10-year Treasury note fell below 5% after reaching a 19-year high of 5.041% the previous day. Traders anticipate at least one additional rate increase before the end of the year based on current market pricing.
