The U.S. Labor Department reported the Producer Price Index rose 5.4% year over year, slightly above the 5.3% consensus, while core PPI returned to positive growth on a monthly basis. After the release, expectations for another Federal Reserve rate hike strengthened, with the implied probability rising to 74%. Bitcoin fell about 2.7% to $77,300, Ethereum dropped about 2.1% to $2,450, and XRP slid about 3.9% to $1.37.

Oracle reported fiscal 2025 first-quarter net income of $4.76 billion, or $1.56 a share, and adjusted earnings of $1.92 a share. The adjusted result beat the $1.74-per-share estimate from analysts surveyed by Zacks Investment Research. Revenue came in at $19.35 billion, above the $19.13 billion forecast. The company said it expects full-year earnings of $8.10 per share and revenue of $90 billion.

Adobe reported fiscal 2024 third-quarter results with net income of $1.83 billion, adjusted earnings of $6.13 per share and revenue of $6.76 billion, exceeding Wall Street expectations. For the quarter ending in November, the company forecast adjusted earnings of $6.30 to $6.35 per share. Adobe also guided fiscal fourth-quarter revenue to $6.8 billion to $6.85 billion. The results were based on data from Zacks Investment Research via Automated Insights.

Oil climbed to its highest level since May, with Brent crude topping $108 a barrel in intraday trading as the war with Iran continued to disrupt global supplies. The move intensified inflation worries and pressured the bond market. The 10-year U.S. Treasury yield rose to 4.95% as the three major U.S. stock indexes fell.

U.S. stocks finished lower, with the S&P 500 down 0.58%, the Nasdaq Composite off 0.64% and the Dow Jones Industrial Average falling 0.60%. Brent crude jumped 6% to $107 a barrel and U.S. Treasury yields rose to multiyear highs, reinforcing expectations for a Federal Reserve rate hike next week. Markets also weighed the risk that U.S.-Israeli military action on Iran could disrupt supply routes through the Strait of Hormuz and the Red Sea, adding to energy costs and inflation pressure.

U.S. August producer prices rose and oil costs surged, fueling worries the Federal Reserve could raise interest rates at its meeting next Wednesday. Brent crude climbed 6% to $107 a barrel amid supply disruptions tied to geopolitical conflict, adding to inflation expectations. The 10year Treasury yield rose to multi-year highs, pressuring equity valuations; the S&P 500 fell with Nvidia and Micron leading declines, while Apple gained after unveiling its $1,999 iPhone.

O’Charley’s, a 55-year-old U.S. casual dining chain, has reportedly permanently closed all of its remaining company-operated restaurants nationwide. Parent company Cannae Holdings holds a 65.4% equity interest, and its SEC filings show guest counts fell 23.8% year over year in Q2 2026 while comparable-store sales dropped 13.1%. Comparable-store sales were down 12.8% over the first six months of 2026.

Oil rose to $107 a barrel on Thursday, its first time above that level since May, as bond yields jumped. U.S. wholesale inflation increased 0.4% from June to July and was up 5.4% from a year earlier, reinforcing expectations the Federal Reserve will keep raising rates, with markets pricing about a 75% chance of a hike next week. U.S. stocks fell, with the S&P 500 down 0.6%, the Nasdaq composite down 0.7% and the Dow Jones Industrial Average off 350 points. Yields also moved higher after comments from Trump about giving a $5,000 “dividend” to all U.S. adults.