US Stock Market Today: S&P 500 Futures Slip As Rising Yields And Oil Bite

The Morning Bull – US Market Morning Update Thursday, Jul, 9 2026

US stock futures are pointing lower this morning, with E mini S&P 500 contracts down about 0.8% and Nasdaq 100 futures off roughly 1.2%, as rising global borrowing costs and higher oil prices unsettle sentiment. The US 10 year Treasury yield has climbed to 4.58%, a 4 week high, which effectively makes mortgages, car loans and corporate debt more expensive. At the same time, a fresh crude inventory draw in the US and oil supply concerns are pushing government bond yields in the UK, Germany and France higher. This is keeping pressure on inflation sensitive sectors such as energy users, as well as rate sensitive areas such as banks and real estate, and it is leaving investors weighing whether to lean toward cash like assets or stay positioned in growth focused stocks as borrowing costs rise.

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Top Movers

• Alibaba Group Holding (BABA) jumped 11.05% after a US judge granted a reprieve from a Pentagon related lobbying ban.
• Nebius Group (NBIS) gained 10.91% as Saturn Cloud’s platform became available for self service deployment on its AI infrastructure marketplace.
• Arista Networks (ANET) climbed 8.76% ahead of its Q2 earnings date announcement on August 4.

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Top Losers

• Synchrony Financial (SYF) fell 9.61%.
• Moderna (MRNA) declined 7.48%.
• Bending Spoons (BSP) dropped 7.19%.

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On The Radar

Earnings from PepsiCo and Delta Air Lines will share the spotlight with bond market moves driven by higher global yields and oil.

• PepsiCo (PEP) reports Q2 results on Thursday, providing a fresh read on branded food and beverage demand and costs.
• Delta Air Lines (DAL) posts Q2 numbers on Friday, highlighting travel demand and whether fuel and financing costs are weighing on results.
• Global bond yields are climbing in the US, UK, Germany and France on Thursday, keeping funding costs and valuation assumptions in focus.
• US oil and crude stocks following the recent API draw remain important for energy costs that feed into inflation-sensitive sectors.

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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.

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