Sasha Jovanovic
3 min read
The Morning Bull – US Market Morning Update Wednesday, Sep, 2 2026
US stock futures are pointing lower this morning, with E-mini S&P 500 contracts down about 0.5%. The key pressure is coming from a broad selloff in global stocks as investors react to rising government bond yields, including euro area and UK 10 year benchmarks, where inflation concerns are lifting expected interest rates. At the same time, global manufacturing scorecards such as the euro area PMI at 52.7 and Germany at 54.3 show factory activity improving, which supports growth but also keeps central banks cautious on rate cuts. The big question for investors is whether higher borrowing costs will hit rate sensitive areas like real estate and utilities more than they support economically sensitive sectors such as industrials and exporters.
With bond yields climbing and borrowing costs biting, it can pay to focus on sturdier balance sheets using the list of solid balance sheet and fundamentals (53 results).
Top Movers
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Moderna (MRNA) surged 9.93% after investors reacted to updates on its upcoming events participation.
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Edison International (EIX) jumped 8.93% as traders reassessed wildfire liability legislation developments in California.
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PG&E (PCG) gained 5.95% following fresh headlines on the California wildfire liability bill.
Is Moderna still a smart investment or just hype? Read our most popular narrative and get all the answers you need.
Top Losers
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SharkNinja (SN) declined 9.13%.
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Credo Technology Group Holding (CRDO) fell 8.65% after reporting quarterly earnings and issuing fresh business updates.
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Axon Enterprise (AXON) dropped 8.52%.
Look past the noise – uncover the top narrative that explains what truly matters for Credo Technology Group Holding’s long-term success.
On The Radar
Tech earnings will dominate the next few sessions, giving you fresh readouts on cloud spending, cybersecurity demand and hardware budgets.
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Snowflake (SNOW) reports Q2 2027 results on Wednesday after market close, spotlighting cloud data platform demand and spending patterns.
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Broadcom (AVGO) posts Q3 2026 earnings on Wednesday after the close, highlighting chip and infrastructure demand across key end markets.
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NetApp (NTAP) shares Q1 2027 results on Wednesday at 4:00 PM, updating you on enterprise storage budgets and data spending.
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Hewlett Packard Enterprise (HPE) reports Q3 2026 results on Wednesday, offering perspective on traditional and hybrid IT spending.
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Cloud and Security Earnings from Ciena (CIEN), Samsara (IOT) and Zscaler (ZS) on Thursday will help gauge enterprise network, IoT and cybersecurity priorities.
