August CPI is next after stronger producer inflation, driven by Iran war energy costs, pushed Fed hike odds to 71%. Oracle gained more than 4% after hours on strong earnings, while Adobe fell over 2% on weak guidance.

The dollar stayed above 99 before CPI, supported by stronger Fed hike expectations and rising Treasury yields. Oil surged past $100 as the US-Iran conflict showed no signs of easing, raising the risk of prolonged supply disruptions and further inflation pressure.

The US 10-year yield reached 4.97%, its highest since 2023, after a $5.2 billion Treasury buyback fell short of the $6 billion cap. August PPI and oil above $100 added to the selloff, reinforcing the 71% probability of a Fed hike.

Check out today's market updates!