Weekly Outlook Sep. 4: SPX Faces CPI and Fed Risk Near 7,800S&P 500SPCFD:SPXBullBearInsights**END-OF-DAY & WEEKLY MARKET REVIEW — SEPTEMBER 4, 2026** The U.S. market closed slightly lower Friday following a stronger-than-expected jobs report: * S&P 500: **7,718.60 | -0.38%** * Nasdaq: **26,506.99 | -0.29%** * Dow Jones: **53,414.25 | -0.51%** * Russell 2000: **2,975.65 | +0.25%** Weekly performance: * S&P 500: **+0.1%** * Nasdaq: **+0.4%** * Dow Jones: **-0.3%** * Russell 2000: **+0.1%** Overall, the major indexes finished the week nearly unchanged, showing an ongoing battle between buyers and sellers. **Strong Jobs Report Changes Fed Expectations** The U.S. economy added **162,000 jobs in August**, far above expectations of approximately 56,000–65,000. The unemployment rate remained unchanged at **4.1%**. The strong report increased the probability of a September interest-rate hike to approximately **58%–60%**, up from 49.4% before the data was released. The two-year Treasury yield climbed to **4.37%**, while the 10-year yield reached **4.78%**. **Semiconductors Remained the Bright Spot** Despite weakness in the broader market, semiconductor stocks outperformed: * AMD: **+4.7%** * Micron: **+6.1%** * Sandisk: **+11.9%** * NVIDIA: **+0.8%** The Philadelphia Semiconductor Index gained approximately **3.4%**, while software stocks declined more than 2%. Money continues to favor AI, memory chips and data-center infrastructure. **Oil Prices Remain a Concern** Brent crude closed at **$96.28 per barrel**, gaining 9.2% for the week. WTI crude reached **$91.48**, gaining 9.7%. Higher energy prices could keep inflation elevated and encourage the Federal Reserve to maintain a more aggressive position on interest rates. **Outlook for Next Week** The S&P 500 remains inside the **7,600–7,800 trading range**. * Holding above 7,700 could lead to another test of **7,750–7,800** * A breakout above 7,800 could continue the bullish trend * Losing 7,700 would bring **7,650** into focus * Below 7,600, sellers would gain short-term control The U.S. market will be closed Monday for Labor Day. The September 11 CPI report will be the next major event ahead of the Federal Reserve’s September 16 meeting. The market did not produce a strong weekly gain, but there is still no confirmed breakdown. Next week’s direction will likely depend on inflation data, Treasury yields and oil prices. #StockMarket #SP500 #Nasdaq #DowJones #NVDA #AMD #Micron #FederalReserve #MarketReview