Geopolitics Alpha

Stocks Settle Lower as Surging Crude Prices Boost Fed Rate Hike Chances

Published . Updated .

The S&P 500 Index ($SPX ) (SPY ) closed down -0.58% on Thursday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.60%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.08%. E-mini S&P futures (ESU26 ) fell -0.61%, and September E-mini Nasdaq futures (NQU26...

Directly affected

  • NDAQ Nasdaq

    Named in this report.

Indirectly affected

  • TLT iShares 20+ Year Treasury Bond

    Long-term bonds move when yields change

  • IEF iShares 7-10 Year Treasury Bond

    Treasury bonds move when yields change

  • SHY iShares 1-3 Year Treasury Bond

    Short-term bonds move when the Fed changes rates

  • SPY SPDR S&P 500

    Stocks move when the Fed changes the rate path

  • XOM Exxon Mobil

    Oil producers earn more when crude prices rise

  • CVX Chevron

    Oil producers earn more when crude prices rise

  • XLI Industrial Select Sector SPDR

    A fund of industrial companies

  • CAT Caterpillar

    A large machinery maker

  • JPM JPMorgan Chase

    Bank profits move with lending and interest rates

  • BAC Bank of America

    Bank profits move with lending and interest rates

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
NDAQ———————
TLT———————
IEF———————
SHY———————
SPY———————
XOM———————
CVX———————
XLI———————
CAT———————
JPM———————
BAC———————

The S&P 500 Index ($SPX ) (SPY ) closed down -0.58% on Thursday, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.60%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.08%. E-mini S&P futures (ESU26 ) fell -0.61%, and…

Source: Nasdaq Markets

United States Oil Fund (USO) since this story, compared with the market

Since the first closing price after “Stocks Settle Lower as Surging Crude Prices Boost Fed Rate Hike Chances,” United States Oil Fund (USO) is +2.66%. The S&P 500 fund (SPY) is +0.77% over the same days, a +1.89% difference versus the market. energy stocks (XLE) is +5.05%, a -2.39% difference versus that group of stocks.

USO
SPY
XLE

Filings that name United States Oil Fund (USO) around 12 Sep 2026

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who collects and who pays in energy

Companies tied to this story

  • USO United States Oil Fund

    For “Stocks Settle Lower as Surging Crude Prices Boost Fed Rate Hike Chances,” United States Oil Fund (USO) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • BNO United States Brent Oil Fund

    For “Stocks Settle Lower as Surging Crude Prices Boost Fed Rate Hike Chances,” United States Brent Oil Fund (BNO) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • XLE Select Sector Spdr Tr

    In “Stocks Settle Lower as Surging Crude Prices Boost Fed Rate Hike Chances,” Select Sector Spdr Tr (XLE) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • XOP State Street Spdr S&P Oil & Gas Exploration & Production Etf

    For “Stocks Settle Lower as Surging Crude Prices Boost Fed Rate Hike Chances,” State Street Spdr S&P Oil & Gas Exploration & Production Etf (XOP) is linked, with no stored direction, high confidence. Reason on file: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

  • AEIS Advanced Energy Industries

    Advanced Energy Industries (AEIS) is linked, with no stored direction, medium confidence in the 12 Sep 2026 story “Stocks Settle Lower as Surging Crude Prices Boost Fed Rate Hike Chances.” Reason on file: GA selected AEIS as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • AMPY Amplify Energy

    Amplify Energy (AMPY) is linked, with no stored direction, medium confidence in the 12 Sep 2026 story “Stocks Settle Lower as Surging Crude Prices Boost Fed Rate Hike Chances.” Reason on file: GA selected AMPY as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • ATO Atmos Energy

    In “Stocks Settle Lower as Surging Crude Prices Boost Fed Rate Hike Chances,” Atmos Energy (ATO) is linked, with no stored direction, medium confidence. Reason on file: GA selected ATO as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BE Bloom Energy

    Bloom Energy (BE) is linked, with no stored direction, medium confidence in the 12 Sep 2026 story “Stocks Settle Lower as Surging Crude Prices Boost Fed Rate Hike Chances.” Reason on file: GA selected BE as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

How energy news reaches United States Oil Fund (USO)

The 12 Sep 2026 story “Stocks Settle Lower as Surging Crude Prices Boost Fed Rate Hike Chances” names United States Oil Fund (USO) because of Energy.

For United States Oil Fund (USO), the reason on file says Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

A second company, United States Brent Oil Fund (BNO), is listed for a different reason: Oil-supply or crude-price developments can transmit through WTI/Brent proxies and energy producer earnings expectations

What this energy story puts on the calendar

BNO traded between 57.39 and 67.79 across 20 sessions. The latest close on file is 67.10. USO traded between 141.82 and 162.99 across 20 sessions. The latest close on file is 160.80. XLE traded between 60.95 and 68.51 across 20 sessions. The latest close on file is 67.80.

How strong the case is around United States Oil Fund (USO)

46 out of 100

“Stocks Settle Lower as Surging Crude Prices Boost Fed Rate Hike Chances” scores 46 out of 100. The score uses 1 sources, and 10 linked companies.