US Stock Market Today: S&P 500 Futures Slip As Rising Yields Pressure Equities
The Morning Bull – US Market Morning Update Wednesday, Sep, 2 2026
US stock futures are trending lower this morning, with E‑mini S&P 500 contracts off roughly 0.5%. The decline is driven by a broad sell‑off in global equities as investors respond to higher government‑bond yields, including those in the euro area and the UK 10‑year market, where activity, supporting growth but also keeping central banks wary of cutting rates. Investors are now weighing whether rising borrowing costs will hurt rate‑sensitive sectors like real estate and utilities more than they bolster economically sensitive areas such as industrials and exporters.
With bond yields climbing and borrowing costs biting, investors may turn to companies that boast solid balance sheets.
Moderna (MRNA) jumped 9.93% after investors responded to news about its upcoming event participation.
Edison International (EIX) rose 8.93% as traders reassessed developments in California’s wildfire‑liability legislation.
PG&E (PCG) advanced 5.95% following fresh headlines on the California wildfire liability bill.
SharkNinja (SN) fell 9.13%.
Credo Technology Group Holding (CRDO) slipped 8.65% after releasing its quarterly earnings and new business updates.
Axon Enterprise (AXON) declined 8.52%.
