Morning Market Setup
| S&P 500 futures-0.61% | Nasdaq 100 futures-1.05% |
| Dow futures-0.62% | WTI crudeabout $87.84 |
| Brent crudeabout $92.35 | U.S. 10-year yieldabout 4.79% |
| Bitcoinabout $77,800 |
Tuesday, September 1: U.S. equity futures are lower before the open as oil and Treasury yields rise on renewed Middle East risk. S&P 500, Nasdaq 100, and Dow figures are futures, not cash-index moves. AI infrastructure and cybersecurity earnings remain the key company calendar focus, while ISM manufacturing, S&P Global PMI, construction spending, and labor-market data are the morning macro checks.
Sector & Theme Watch
Equity futures are lower as crude prices and Treasury yields rise, putting valuation-sensitive technology, rate-sensitive real estate, and transport margins in focus. Why it matters: Higher energy costs and rising yields can tighten financial conditions before this morning's manufacturing and labor data. What to watch: Watch WTI, Brent, the 10-year yield, airlines/transports, and high-duration software shares after 10:00 AM ET macro releases.
Oil producers and service names are screening as sector read-throughs after Middle East headlines pushed crude higher. Why it matters: Energy is the clearest positive cross-asset read-through in an otherwise weaker index setup. What to watch: Confirm whether gains persist in XOM, CVX, COP, OXY, and FANG as oil trades through the U.S. morning.
Dell, Palo Alto Networks, Broadcom, Snowflake, HPE, Ciena, and Zscaler are scheduled through Thursday, keeping AI infrastructure, cloud data, networking, and cybersecurity demand in focus. Why it matters: These reports can reset expectations for AI server demand, private-cloud AI, software consumption, and security budgets. What to watch: Track after-close guidance from Dell and Palo Alto today, then Broadcom, Snowflake, HPE, Ciena, and Zscaler later this week.
California utility wildfire-liability concerns and Amazon's advertising lawsuit remain live follow-through stories after Monday's tape. Why it matters: The themes are company-specific but can spill into regulated utilities, insurance, e-commerce advertising, and large-cap tech sentiment. What to watch: Confirm whether PCG, EIX, SRE, AMZN, and related insurers stabilize or extend Monday's reaction.
Premarket Trading
| GPRO | +71.2% | GoPro surges after a Schedule 13G disclosed YouTube creator Mark Fischbach's 8.5% stake, making him the company's largest individual shareholder. |
| TEM | +2.2% | Tempus AI trades higher after Piper Sandler upgraded the shares to Overweight and raised its price target to $76. |
| MDT | +3.4% | Medtronic rises after fiscal Q1 revenue and adjusted EPS beat guidance and the company raised its fiscal 2027 outlook. |
| COP | +1.7% | ConocoPhillips rises with oil producers as crude prices strengthen on renewed Middle East supply concerns. |
| XOM | +1.6% | Exxon Mobil rises with the energy group as crude prices strengthen on renewed Middle East supply concerns. |
| HOOD | +1.8% | Robinhood trades higher after Morgan Stanley upgraded the shares to Overweight and raised its price target to $150. |
| PANW | -1.7% | Palo Alto Networks trades lower ahead of its scheduled fiscal fourth-quarter and full-year results after today's close. |
| ZS | -2.0% | Zscaler trades lower ahead of its scheduled September 3 fiscal fourth-quarter earnings report. |
| MDB | -2.0% | MongoDB trades lower ahead of its scheduled fiscal second-quarter earnings report after today's close. |
| AMZN | -1.8% | Amazon trades lower as large-cap technology shares weaken, with prior-session advertising litigation headlines still in focus. |
| MU | -2.2% | Micron trades lower with memory and semiconductor shares as Nasdaq futures weaken. |
| SNDK | -2.9% | SanDisk trades lower with memory and semiconductor shares as Nasdaq futures weaken. |
Stocks in Focus
Tesla posted mixed European registration results in August, with new-vehicle registrations surging 279% in France and 104% in Denmark year over year. However, registrations plunged 79% in Norway and 41% in Sweden, highlighting significant regional differences in demand. Why it matters: The stock closed more than 5% higher amid intensifying optimism ahead of Tesla's Cybercab launch on Thursday, September 3.
Sources: IBD Tesla report; IBD market recap
On Monday afternoon, the Wall Street Journal reported that the The FTC and 22 states are expected to sue Amazon. The coalition is reportedly alleging that the company secretly manipulated ad auctions with a “soft reserve” that raised minimum advertiser bids and generated tens of billions of dollars since 2018. The FTC claims the practice increased pay-per-click costs by as much as 50% on major shopping days. Amazon has denied the allegations.
Sources: WSJ stocks-to-watch recap; Investing.com premarket news; Yahoo Finance current-session premarket chart; Nasdaq real-time premarket quote
Oil prices extended gains as renewed U.S.-Iran military strikes and a tanker attack heightened fears of further escalation and disruption in the Strait of Hormuz. Brent crude traded above $90 as both sides signaled readiness to retaliate while Iran’s president said Tehran would respond firmly to further attacks. Why it matters: Two oil supertankers, Bahri-operated Sidr and Sinokor-operated Senegal Prosperity were reportedly struck by unknown projectiles while transiting out of the Persian Gulf through the Strait of Hormuz. UKMTO separately confirmed a tanker was hit by three projectiles, raising fresh concerns over shipping security and potential disruption to global oil flows.
Meta has moved Muse Code out of beta and launched paid monthly plans, expanding it for larger engineering projects with multi-agent workflows that can divide tasks among specialized agents and share context across sessions. Meta is also previewing an SDK that lets developers build custom agents, integrate tools, stream progress and resume sessions.
Apple alleges former engineer Chang Liu accessed a proprietary power-converter schematic while working at OpenAI and used confidential Apple information to train an AI agent. Apple says new evidence from a MacBook provided by OpenAI on Aug. 21 supports its claims and is asking a federal judge to expedite discovery. OpenAI denied Apple’s trade-secret theft allegations, arguing Apple has provided no evidence that former employees stole confidential information and is using the lawsuit to hinder a potential competitor. Why it matters: John Ternus begins his term as CEO on Tuesday, September 1, succeeding Tim Cook in the role.
Gapping up after its Q1 2027 earnings report, with revenue of $9.76 billion and adjusted EPS of $1.45 beating estimates of $9.54 billion and $1.39, respectively. Cardiac Ablation Solutions grew by 88% year-over-year. The company raised its organic growth outlook for FY 2027 and projected adjusted EPS between $5.94 and $6 for the year, compared to estimates of $5.95. Why it matters: Medtronic announced a deal with Cornerstone Robotics valued at roughly $700 million.
Sources: Medtronic announcement; Yahoo Finance current-session premarket chart; Nasdaq real-time premarket quote
The company's unions in Taiwan are moving toward potential strike action, demanding changes to the bonus system and a greater share of company profits for employees. The unions represent nearly 10,000 workers, with more than 80% of surveyed members supporting a strike. Micron said that this year’s performance bonus will be its largest ever.
Sources: Investing.com premarket movers; Investing.com UK premarket movers; Yahoo Finance current-session premarket chart; Nasdaq real-time premarket quote
Baird reiterated an Outperform rating on the stock with a $500 price target, citing continued market-share gains in training and inference, accelerating agentic AI demand, and strong traction for newer architectures such as Vera and Groq 3. The firm also highlighted Anthropic’s reported $35B cloud-compute agreement with Lambdaa, estimating Nvidia has secured roughly twice the GW capacity at Anthropic versus competing AI architectures.
Sources: IBD Nvidia report
Morgan Stanley upgraded Robinhood to Overweight from Equalweight and raised its price target to $150 from $124, citing improving monetization of its existing 28 million customers. The firm sees broader product offerings driving more assets, activity and revenue per customer, extending Robinhood’s growth runway beyond new-account growth and retail trading conditions.
Sources: Investing.com premarket movers; TipRanks premarket gainers; Yahoo Finance current-session premarket chart; Nasdaq real-time premarket quote
On watch as a group after its Q2 2026 earnings report. Quarterly vehicle deliveries came in at 107,658, representing 49.4% annual growth and 29% sequential growth. Vehicle sales grew by 80.1% to $4.287 billion; vehicle4 margin of 18.5% also represented year-over-year growth. Overall Q2 2026 revenue was reported at $4.736 billion, up 69.1% year-over-year.
Sources: NIO investor relations release schedule; WSJ NIO earnings coverage
Piper Sandler upgraded Tempus AI to Overweight from its previous rating and raised its price target to $76 from $56, citing improving visibility into several growth drivers. The firm highlighted the Personalis acquisition, positive INTerpath-001 results, and FDA approval of tumor-only xT CDx, which could support new therapeutic opportunities and unified ADLT pricing for Tempus’ diagnostic platforms.
Sources: Yahoo Finance current-session premarket chart; Nasdaq real-time premarket quote
GoPro rallied on Monday after Bloomberg reported that YouTube creator Mark Fischbach, known as Markiplier, has become the company’s largest single shareholder. The move marks a sharp rally for the sub-$1 microcap, which has struggled to maintain investor interest in recent years. Why it matters: The stock has a market capitalization of $293 million and a float of 125.06 million shares, roughly 19.9% of which are sold short.
Sources: Yahoo Finance current-session premarket chart; Nasdaq real-time premarket quote
More Stocks to Watch
Economic Events - ET
| 9:05 AM ET | Fed Governor Michael Barr speaks on the economic outlook and financial inclusion |
| 9:45 AM ET | S&P Global U.S. Manufacturing PMI - Final (Aug): Expected 53.2; Prior 53.9 |
| 10:00 AM ET | JOLTS Job Openings (Jul): Expected not available; Prior 7.359M |
| 10:00 AM ET | Construction Spending MoM (Jul): Expected 0.0%; Prior -0.1% |