Stock Market Today September 1, 2026: Yields Surge

Prepared September 1, 2026, 8:03 a.m. EDT (America/New_York).

U.S. stock futures moved lower Tuesday as September began with a global bond selloff, oil above $90 a barrel and a crowded 10 a.m. EDT economic-data slate. The immediate market tension is clear: renewed Middle East fighting is lifting energy prices while investors are already preparing for the possibility that major central banks will raise interest rates again.

At about 5:25 a.m. EDT, S&P 500 futures were down approximately 0.6%, Dow futures fell 0.6% and Nasdaq-100 futures declined 1.1%, according to Reuters. Those are confirmed premarket readings, not forecasts for the closing bell. Monday’s cash session ended with the S&P 500 down 0.3%, the Dow off 0.7% and the Nasdaq Composite 0.1% lower, the Associated Press reported.

Oil and Bonds Drive the Risk-Off Tone

Brent crude climbed 2% to $92.35 a barrel and U.S. crude rose 2.5% to $87.84 early Tuesday after another escalation in the U.S.-Iran conflict. The AP reported that the U.S. struck Iranian rocket launchers Sunday and Iran responded with missiles aimed at U.S. sites in Jordan; the missiles were intercepted. Traffic through the Strait of Hormuz, historically responsible for roughly one-fifth of global oil shipments, remains curtailed.

The confirmed result is higher oil and borrowing costs. The inference is that a sustained energy shock could keep inflation elevated, strengthening the case for rate increases even if growth slows.

The U.S. 10-year Treasury yield reached about 4.78%, its highest since early 2025, according to Reuters. Japan’s 10-year yield touched 3% for the first time since 1996. Britain’s 10-year yield exceeded 5.24%, its highest since 2008, while Germany’s equivalent yield reached a 15-year high near 3.36%. Higher yields raise discount rates for equities, making long-duration technology shares especially sensitive.

Global Markets Slide

Asian markets were mostly lower. Japan’s Nikkei 225 lost 0.2% to 66,215.34, Hong Kong’s Hang Seng fell 0.9% to 25,329.73, and the Shanghai Composite slipped 0.2% to 3,979.89. South Korea’s Kospi gained 0.2%, while Taiwan’s Taiex rose 1.8%, according to the AP.

Shein’s Hong Kong debut was a notable company event: the fast-fashion retailer fell as much as 10% before closing 4% lower. That is a confirmed first-day move; it may reflect both valuation concerns and the difficult risk backdrop, but attributing the decline to one cause would be speculative.

Europe opened under pressure. Germany’s DAX fell 1.1%, France’s CAC 40 lost 0.4% and Britain’s FTSE 100 dropped 1.1%. Euro-area inflation rose above 3% in August, Reuters reported, reinforcing expectations for a European Central Bank rate increase at its September 10 meeting.

Companies, Earnings and Deals

Energy companies outperformed in U.S. premarket trading: Exxon Mobil gained about 2.7% and Devon Energy rose roughly 2.5% in Reuters data. Utilities remained in focus after Edison International plunged 23.1% and PG&E fell 20.1% Monday following reports that proposed California wildfire legislation could allow insurers to sue utilities over related claims. The legislation’s final form and financial impact remain uncertain.

Robinhood rose about 2.4% after Morgan Stanley upgraded the brokerage to Overweight from Equalweight and lifted its price target to $150 from $124, according to a market report. The upgrade is an analyst opinion, not a guarantee of performance.

In mergers and acquisitions, Veritas Capital agreed to buy British heat-treatment specialist Bodycote for 940 pence a share. The recommended offer values the equity near £1.64 billion and the transaction at about £1.85 billion, or $2.51 billion, including debt, according to the company announcement and Reuters. Regulatory and shareholder approvals remain conditions to completion.

Tuesday’s earnings calendar is busy. Medtronic and Nio report before the open. Credo Technology, Dell Technologies, GitLab, MongoDB and Palo Alto Networks are scheduled after the close. Kiplinger’s calendar lists consensus adjusted EPS estimates of $1.39 for Medtronic and a $0.33 loss for Nio. Investors will closely examine AI networking demand at Credo, enterprise spending and AI-server momentum at Dell, and cybersecurity demand at Palo Alto Networks.

Today’s Economic Data and Central Banks

At 9:45 a.m. EDT, S&P Global releases its final August manufacturing PMI. At 10 a.m., three reports arrive simultaneously: July JOLTS job openings, August ISM manufacturing and July construction spending. The New York Fed calendar confirms all three release times; the BLS confirms JOLTS.

A Federal Home Loan Bank of New York preview shows consensus near 7.30 million job openings versus 7.359 million previously, ISM manufacturing at 55.4 versus 55.6, and construction spending down 0.1%. These are forecasts, not results. A stronger ISM prices component or unexpectedly firm job openings could lift yields further; weaker readings could ease rate fears but raise growth concerns.

Wednesday brings ADP private payrolls, factory orders and the Fed’s Beige Book. Thursday includes jobless claims, ISM services and remarks from Fed Governor Christopher Waller. Friday’s employment report is the week’s largest scheduled U.S. catalyst.

What to Watch Today

Watch the 10-year Treasury yield around 4.78%, Brent above $92 and whether Nasdaq futures’ underperformance persists. At 10 a.m., focus on JOLTS, the ISM headline and prices-paid components, and construction spending. Energy shares, utilities, Robinhood and today’s earnings reporters are the key company-level watchlist. The central question is whether economic data intensifies—or offsets—the inflation signal coming from oil and bonds.

Disclaimer: This article provides general market information and commentary only. It is not personalized financial, investment, tax or legal advice, and it is not a recommendation to buy or sell any security. Markets are volatile; verify current data and consider your own circumstances or a qualified adviser before making decisions.