US Stock Market Today: S&P 500 Futures Dip As Bond Yields And Inflation Worries Rise
The Morning Bull - US Market Morning Update Thursday, Sep, 3 2026
US market stock futures are pointing slightly lower this morning as investors react to a sharp move in bond yields and fresh signals on inflation and growth. The yield on the US 10 year Treasury is back above 4.8%, which means borrowing is becoming more expensive and markets now see roughly 70% odds of another interest rate hike this month. At the same time, the ISM Manufacturing PMI for August sits at 54.6, which shows factories are still growing but facing higher costs. The key question now is how long higher rates and pricier energy can be absorbed by rate sensitive sectors like housing and utilities compared with more resilient industrial and export focused companies.
With yields climbing and rate risks back in focus, many investors are hunting for companies that could handle tighter financial conditions through stronger balance sheets, starting with the list of solid balance sheet and fundamentals (52 results).
Top Movers
- Dell Technologies (DELL) jumped 15.81% after strong Q2 results, raised guidance, and a wave of analyst upgrades.
- AST SpaceMobile (ASTS) climbed 11.83% after fresh Buy coverage and bullish long term space industry commentary.
- Reddit (RDDT) gained 9.31%.
Is Dell Technologies still a smart investment or just hype? Read our most popular narrative and get all the answers you need.
Top Losers
- Credo Technology Group Holding (CRDO) fell 20.04% after several banks cut Credo Technology price targets despite strong Q1 results.
- MongoDB (MDB) declined 13.54% as MongoDB guidance and Atlas growth trailed elevated investor expectations.
- Palo Alto Networks (PANW) dropped 9.28% despite multiple analyst price target increases following Palo Alto Networks' Q4 report and outlook.
Look past the noise - uncover the top narrative that explains what truly matters for Palo Alto Networks' long-term success.
On The Radar
Rising global bond yields and oil driven inflation worries keep the macro backdrop in focus while a few tech earnings sprinkle in stock specific catalysts.
- Ciena (CIEN) reports Q3 results on Thursday pre market, giving fresh detail on telecom spending and order trends.
- Samsara (IOT) posts Q2 results on Thursday after market, with attention on subscription growth and any commentary on customer budgets.
- Zscaler (ZS) reports Q4 numbers on Thursday after market, highlighting cybersecurity demand and how clients handle higher IT costs.
- OPEC meeting on Sunday, with any oil supply signals feeding directly into inflation expectations and bond yield pressures.
Use our Portfolio or Watchlist features to track market-moving events like these and get alerts for the companies you own, free!
Don't Wait For The Winners, Find Them
Do not wait for headlines to tell you which companies are steady in choppy markets. The real edge goes to those who spot strength early with our 75 resilient stocks with low risk scores
Ready to take control of your next move? Our stock screener helps you run custom searches that fit your style and set timely alerts so you never miss a new opportunity.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com