Nightly Market Digest
Tuesday, September 1, 2026
Dow Jones 52,766.88 -0.79%S&P 500 7,631.47 -0.71%Nasdaq 26,099.77 -1.03%Russell 2000 2,920.13 -1.23%VIX 16.34 +9.52%Gold 4,375.00 -2.38%WTI Crude 90.61 +5.66%
September kicked off on a decidedly risk-off note as surging oil prices and hawkish Federal Reserve rhetoric rattled equity markets. The tech-heavy Nasdaq bore the brunt of the selling, sliding 1.03% to 26,099.773, while the S&P 500 shed 0.71% to 7,631.47 and the Dow Jones dropped 0.79% to 52,766.88. Rising rate-hike fears heavily pressured small caps, sending the Russell 2000 down 1.23% to 2,920.132, as Wall Street's fear gauge, the VIX, spiked 9.52% to 16.34.
Sectors in focus:
- Energy surges on geopolitical risk: Renewed U.S.-Iran hostilities in the Strait of Hormuz, including projectile strikes on Saudi and South Korean tankers, sent WTI Crude soaring 5.66% to 90.61. This directly lifted Drilling Oil & Gas Wells (+1.88%), Crude Petroleum & Natural Gas (+1.87%), and Petroleum Refining (+1.84%).
- Precious metals plummet: Gold sank 2.38% to 4,375, dragging down Gold and Silver Ores (-4.87%) and Metal Mining (-4.08%). The selloff was triggered by the 10-year Treasury yield surging to 4.79% after hawkish comments from Fed Chair Kevin Warsh and Governor Michael Barr pushed September rate-hike odds to 66 to 70 percent.
- Tech and growth lag: A stable July JOLTS report gave the Fed more room to keep policy tight, punishing rate-sensitive corners of the market. Additionally, an earnings miss and subsequent 4% drop for Nio weighed on EV and growth-sensitive equities.
On the radar:
- September 2: ADP Employment Report
- September 3: ISM Services PMI, Weekly Jobless Claims, and earnings from Broadcom (AVGO) and Hewlett Packard Enterprise (HPE)
- September 4: August Nonfarm Payrolls (Jobs Report)
- September 16: FOMC Interest Rate Decision
Market sectors
Upcoming earnings
PANW Sep 1 (after close)MDT Sep 1 (before open)ZS Sep 1 (after close)AVGO Sep 2 (after close)CRM Sep 2 (after close)SNOW Sep 2 (after close)HPE Sep 2 (after close)CRDO Sep 2 (after close)NTAP Sep 2 (after close)VEEV Sep 2 (after close)DLTR Sep 2 (before open)DELL Sep 3 (after close)
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Theme turnarounds
| Theme | Net flip | Bull / Bear | Names flipping bullish |
|---|---|---|---|
| Oil & Gas (250) | +2.00% | 3% / 1% | ANNA, EPSN, GPRK, GURE, PBR |
| Healthcare - Oncology (271) | +0.40% | 1% / 1% | AKTX, BOLT, CTMX |
| Blockchain & Digital Assets (119) | +0.00% | 2% / 2% | CFND, TROO |
| VR/AR & Metaverse (27) | +0.00% | 4% / 4% | AAPL |
| Insurance (139) | -0.70% | 1% / 1% | GBLI |
| Food & Agriculture (134) | -0.80% | 4% / 5% | BG, COOT, FMC, NCRA, TWI |