- US Futures Edge Lower as Tech Leads Declines
US Pre-Market Briefing | September 10, 2026
Market Commentary
U.S. equity futures edge lower Thursday as investors weigh geopolitical tensions, trade disputes, and anticipation for today’s PPI data and ECB rate decision. S&P 500 futures dip 0.16%, with Nasdaq 100 futures underperforming at -0.30%, reflecting tech-sector caution ahead of Adobe and Oracle earnings after the bell. The mood remains cautious following overnight headlines, including escalating U.S.-Canada trade restrictions and fresh Middle East volatility after U.S.-Iran skirmishes near the Strait of Hormuz.
Markets show muted reaction to in-line German CPI figures (2.9% YoY), keeping focus on today’s U.S. economic calendar. The core PPI print at 8:30 AM ET takes center stage as the last major inflation signal before next week’s Fed meeting—analysts watch for confirmation of sticky wholesale price pressures after August’s 0.3% forecast. Simultaneously, jobless claims data could hint at labor market softening, with initial claims expected at 205K.
Retail outperforms premarket as Macy’s surges 9% on raised guidance, while Apple drifts lower amid reports of antitrust scrutiny over its payment systems. Political noise builds with Trump’s midterm campaign pledge of a $5,000 citizen dividend, though markets show limited reaction. Energy markets eye the OPEC monthly report for supply clues as WTI holds near $84.
European equities slip ahead of the ECB’s expected 25bps hike, with traders parsing whether policymakers signal a pause. Later earnings from Adobe (cloud growth) and Oracle (AI infrastructure demand) may set the tone for tech. With implied volatility ticking up in bond and equity markets, today’s PPI-risk skews asymmetric—a hot print could reignite Fed fears, while a cool reading may struggle to offset geopolitical overhangs.
US Index Futures
| Future | Price | Change (%) |
|---|
| S&P 500 Futures | 7,644.25 | -0.16% |
| Nasdaq 100 Futures | 29,339.75 | -0.30% |
| Dow Jones Futures | 52,521.00 | -0.15% |
| Russell 2000 Futures | 2,923.10 | -0.14% |
Economic Data Released Today
| Time | Cur | Imp | Event | Actual | Forecast | Previous |
|---|
| 02:00 | EU | Med | German CPI (YoY) (Aug) | 2.9% | 2.9% | 2.8% |
| 02:00 | EU | High | German CPI (MoM) (Aug) | 0.2% | 0.2% | 0.8% |
Upcoming Economic Releases
| Time | Cur | Imp | Event | Forecast | Previous |
|---|
| 06:00 | US | Med | OPEC Monthly Report | | |
| 08:15 | EU | High | Deposit Facility Rate (Sep) | 2.50% | 2.25% |
| 08:15 | EU | Med | ECB Marginal Lending Facility | | 2.65% |
| 08:15 | EU | Med | ECB Monetary Policy Statement | | |
| 08:15 | EU | High | ECB Interest Rate Decision (Sep) | 2.65% | 2.40% |
| 08:30 | US | Med | Continuing Jobless Claims | 1,780K | 1,779K |
| 08:30 | US | Med | Core PPI (MoM) (Aug) | 0.3% | 0.2% |
| 08:30 | US | High | Initial Jobless Claims | 205K | 206K |
| 08:30 | US | High | PPI (MoM) (Aug) | 0.4% | 0.0% |
| 08:45 | EU | High | ECB Press Conference | | |
| 10:00 | US | High | Existing Home Sales (Aug) | 3.98M | 4.06M |
| 10:00 | US | Med | Existing Home Sales (MoM) (Aug) | | -1.7% |
| 10:15 | EU | Med | ECB President Lagarde Speaks | | |
| 11:30 | US | Med | Atlanta Fed GDPNow (Q3) | 4.7% | 4.7% |
| 12:00 | US | High | Crude Oil Inventories | -1.400M | -4.450M |
| 12:00 | US | Med | Cushing Crude Oil Inventories | | 0.080M |
| 13:01 | US | High | 30-Year Bond Auction | | 5.216% |
| 16:30 | US | Med | Fed's Balance Sheet | | 6,737B |
| 19:50 | JP | Med | BSI Large Manufacturing Conditions (Q3) | 2.5 | -1.8 |
Earnings Today
Before Market Open (BMO)
| Ticker | Company | Market Cap |
|---|
| MM | Macy's Inc | $5.6B |
| TTEN | Tsakos Energy Navigation Limited | $1.3B |
| MMCFT | MasterCraft Boat Holdings Inc | $569M |
| YYB | Yuanbao Inc ADR | $453M |
| DDBI | Designer Brands Inc | $282M |
| SSHOE | Shoe Station Group Inc | $276M |
| IIMPP | Imperial Petroleum Inc | $255M |
| LLOVE | Lovesac Company | $199M |
| FFLWS | 1-800 Flowers.com Inc | $192M |
| VVNCE | Vince Holding Corp | $81M |
After Market Close (AMC)
| Ticker | Company | Market Cap |
|---|
| OORCL | Oracle Corp | $465.2B |
| AADBE | Adobe Inc | $101.6B |
| CCPRT | Copart Inc | $30.1B |
| DDSGX | Descartes Systems Group Inc | $6.3B |
| RRH | RH | $2.6B |
| RREF | Reformation Inc | $806M |
| FFEIM | Frequency Electronics Inc | $711M |
| LLPTH | Lightpath Technologies Inc | $673M |
| IIBEX | IBEX Ltd | $493M |
| ZZUMZ | Zumiez Inc | $296M |
| AAENT | Alliance Entertainment Holding Corp | $270M |
| CCSBR | Champions Oncology Inc | $70M |
FX Snapshot
| Pair | Price | Change (%) |
|---|
| EUR/USD | 1.16 | -0.13% |
| GBP/USD | 1.35 | -0.15% |
| USD/JPY | 154.11 | +0.50% |
| USD/CHF | 0.81 | +0.23% |
| AUD/USD | 0.72 | -0.28% |
| USD/CAD | 1.38 | +0.13% |
Gold, Oil and Gas
| Commodity | Price | Change (%) |
|---|
| Gold | 4,425.40 | -0.61% |
| Silver | 66.21 | -2.65% |
| WTI Crude | 97.44 | +1.44% |
| Brent Oil | 102.16 | +1.16% |
| Natural Gas | 2.80 | +0.14% |
Crypto
| Crypto | Price | Change (%) |
|---|
| Bitcoin | $77,984.82 | -0.38% |
| Ethereum | $2,466.62 | -0.03% |
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