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[The S&P 500 Index may suffer its longest losing streak since June. US data raises bets on interest rate hikes] On September 10, oil prices rose again, dragging down the stock and bond markets. Rising energy costs continued to bring price pressure. The latest inflation data further strengthened the market's bets that the Federal Reserve will raise interest rates soon. The S&P 500 fell 0.6%, the Nasdaq 100 fell 1.1%, and the Dow Jones Industrial Average fell 0.5%. If the S&P 500 closes lower today, it will be the index's longest losing streak since June.
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