Nasdaq, Dow and S&P 500 Fall as U.S. Rates Rise

• Rising U.S. interest rates are particularly toxic for tech stocks, driving the Nasdaq below its 50-day EMA to 29,062.7
• The S&P 500 is testing crucial 7,600 support level ahead of tomorrow's CPI numbers, which could significantly influence Federal Reserve policy decisions next week
• Additional market pressures include upcoming PPI data, war-related headlines, and oil prices spiking above $100, negatively impacting industrial stocks

Market Summary: U.S. Major Indices Decline on Rising Interest Rates

Key Market Movements

U.S. equity indices posted losses in pre-market trading on September 10, 2026, as rising interest rates pressured markets:

• Nasdaq 100 (US Tech 100): -1.08% to $29,157.55
• S&P 500: -0.89% to 7,602.72
• Dow Jones 30: -0.98% to 52,224.8

Technical Analysis Highlights

Nasdaq 100: Fell to 29,062.7, trading below the 50-day EMA (29,238.6) but holding above the 200-day EMA (27,467.8). Despite the decline, the index remains within its recent consolidation range, showing some resilience.

Dow Jones 30: Reversed initial gains, dropping below 52,224.8 and breaking through both the ascending channel support and 50-day EMA (52,771.7). Oil prices spiking above $100 added pressure on industrial stocks.

S&P 500: Testing critical support at 7,600, near the 50-day EMA (7,615.90), a level that has proven significant historically.

Market Drivers and Outlook

Rising U.S. interest rates are particularly toxic for technology stocks, driving the current selloff. The market faces multiple headwinds including:

• PPI data released today
• Critical CPI data due tomorrow (September 11)
• Upcoming Federal Reserve meeting next week
• Ongoing war-related headlines

Implications

Volatility is expected to remain elevated as traders position ahead of inflation data that could significantly influence Federal Reserve policy decisions. The CPI release will be pivotal in determining near-term market direction and Fed rate trajectory.