US Stock Market Today: S&P 500 Futures Slip As Traders Eye Inflation And Housing

The Morning Bull – US Market Morning Update Thursday, Aug, 27 2026

US stock futures are mixed in early trading, with S&P 500 contracts slightly softer while Dow futures edge up, as investors weigh falling government bond yields against a cooler housing backdrop and a key inflation update. The US 10 year yield is holding near 4.64%, which helps set borrowing costs for mortgages, credit cards and corporate debt. At the same time, June and July housing data show new home sales down 10.5% to 607,000 and prices sitting at about US$393,800, even as major home price indices still point to gains. The main question now is whether upcoming US inflation data and central bank commentary will keep pressure on rate sensitive areas like housing, real estate stocks and smaller growth companies, or give more support to large, cash generative sectors that tend to handle higher funding costs better.

With rate paths diverging across the US, Europe and Asia, this could be a useful moment to scout for potential opportunities using 51 high quality undervalued stocks.

Top Movers

• Lumentum Holdings (LITE) climbed 6.04% as investors focused on its role in AI related optics demand.
• Everpure (P) gained 5.92% after strong Q2 results and an update on ongoing share repurchases.
• Arista Networks (ANET) advanced 5.92% as AI infrastructure interest stayed centered on its data networking footprint.

Is Arista Networks still a smart investment or just hype? Read our most popular narrative and get all the answers you need.

Top Losers

• Zoom Communications (ZM) fell 7.03% after Q2 results and guidance drew a cautious response, despite higher analyst targets.
• Moderna (MRNA) declined 5.77% as recent optimism around intismeran met more measured views on current pricing.
• Agnico Eagle Mines (AEM) declined 4.49%.

Look past the noise – uncover the top narrative that explains what truly matters for Moderna’s long-term success.

On The Radar

Retail and software earnings cluster around key US inflation data, giving you fresh signals on consumer and corporate spending.

• Retail Earnings Dollar General (DG) reports Q2 2027 today pre market, highlighting demand trends across lower income shoppers.
• Beauty Consumption Ulta Beauty (ULTA) posts Q2 2027 results today, updating on discretionary spending and store productivity.
• Software Spending Workday (WDAY) releases Q2 2027 results today after hours, providing insight into enterprise HR and finance budgets.
• Design And AI Software Autodesk (ADSK) reports Q2 2027 today, with focus on subscriptions and exposure to AI driven workflows.
• Japan Macro Pulse Japan July industrial production and retail sales arrive Sunday, framing demand and output in a key US trading partner.

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 the crowd to notice the strongest balance sheets. Before the next macro shock hits, scan our list of solid balance sheet and fundamentals (51 results), which is built to spotlight durable, fundamentally sound companies.

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 fresh opportunities.

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