Story perspectives

U.S. Stocks Drop for Fourth Straight Day on Rates

By Drooid · Sep 11, 2026, 1:12 PM UTC · How we work

Summary

Story summary

U.S. stocks fell for a fourth straight day as oil prices and inflation data raised rate-hike expectations.
The Dow Jones Industrial Average dropped 316.56 points to 52,064.10.
The S&P 500 slipped 44.66 points to 7,591.70.
Brent crude rose above $108 per barrel and WTI settled at $102.48, both above $100.

History

Historical Context

In October 1973 OAPEC, led by Saudi King Faisal, imposed an oil embargo on the United States and other Israel supporters, pushing crude from $3 to about $12 per barrel—a rise of roughly 300%. The shock triggered a stock-market crash and a recession, creating the long-term policy focus on energy volatility that underlies today’s oil-price concerns.

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Story summary

U.S. stocks fell for a fourth straight day as oil prices and inflation data raised rate-hike expectations.
The Dow Jones Industrial Average dropped 316.56 points to 52,064.10.
The S&P 500 slipped 44.66 points to 7,591.70.
Brent crude rose above $108 per barrel and WTI settled at $102.48, both above $100.

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