The Morning Bull - US Market Morning Update Monday, Aug, 24 2026

US stock futures are pointing higher this morning, with E-mini S&P 500 contracts up about 0.4% and Nasdaq-100 futures gaining roughly 0.3%. The move comes as the US 10-year government bond yield hovers near a 20 month high around 4.74%, which means borrowing costs across mortgages, credit cards and corporate debt are still elevated. At the same time, the latest US PMI readings show services activity comfortably expanding while factory output lags, hinting that everyday spending on things like travel and healthcare is holding up better than goods production. The key question now is whether higher long term rates start to bite into rate sensitive areas such as smaller companies and real estate, or whether strength in service focused sectors keeps US market indices supported.

With higher yields pressuring rate sensitive stocks, many investors are shifting focus toward 75 resilient stocks with low risk scores.

Top Movers

• Robinhood Markets (HOOD) jumped 13.70% after investors focused on its crypto trading exposure following Clarity Act headlines.
• Moderna (MRNA) gained 8.86% as the market reacted to positive Phase 3 melanoma vaccine data and multiple analyst upgrades.
• Southern Copper (SCCO) rose 8.69% following fresh attention on its role in copper supply for AI and infrastructure themes.

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Top Losers

• Alibaba Group Holding (BABA) fell 8.57% after pricing a Hong Kong share offering that raised about HK$80b.
• Cerebras Systems (CBRS) declined 6.54% following recent CS-4 product and Callosum partnership headlines.
• Marvell Technology (MRVL) slipped 5.57% despite ongoing attention on its expanded custom AI chip agreements.

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On The Radar

Earnings from major US technology and AI linked stocks take the spotlight over the next two sessions.

• NVIDIA (NVDA) reports Q2 2027 results on Wednesday, with AI related demand setting the tone for chip stocks.
• Salesforce (CRM), Veeva (VEEV), CrowdStrike (CRWD), Okta (OKTA) post Wednesday results that highlight enterprise software and security spending trends.
• Williams-Sonoma (WSM) reports Q2 2027 results pre market Wednesday, updating views on higher end US consumer spending.
• Intuit (INTU) and Zoom Communications (ZM) report Tuesday, giving another read on small business budgets and digital communication demand.
• HEICO (HEI) posts Q3 2026 results pre market Tuesday, offering fresh information on aerospace and defense related demand.

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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.