S&P 500 Opens Up 1% as Cyclicals Lead a Broad Market Rally
As seen on the 24/7 Wall St. homepage on September 11, 2026.
- S&P 500+1.00%
- Dow Jones Industrial Average+1.20%
- Nasdaq Composite+0.80%
Buyers came in across the board at the open, with the Dow's 1.2% jump leading a rally where cyclicals are doing the heavy lifting. That rotation is happening while traders price in a Fed hike, so this bid is worth watching.
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The S&P 500 opened at 7,667.71 on September 11, 2026, above its previous close. The gain was broad-based, with buyers active across the board rather than concentrated in one or two sectors.
The Dow Jones Industrial Average led the major indexes with a 1.2% advance at the open, while the Nasdaq Composite lagged slightly at 0.8%. Cyclical, economically sensitive stocks are doing more of the work than the growth and technology names that dominate the Nasdaq.
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Cyclicals outperforming at the open while traders are simultaneously pricing in a Federal Reserve rate hike is an unusual combination. Rate hikes typically weigh on growth expectations, so a rotation into cyclicals suggests the market is betting that economic activity holds up even as borrowing costs rise.
The five sessions before this open showed the index moving within a range that gives some context to where this morning's bid is landing. Whether buyers can hold these levels through the session is the key thing to follow as the day's Fed expectations get further priced in.