US Stock Market Today: S&P 500 Futures Dip As Firm Jobs Data Keeps Yields High

Simply Wall St · 1d ago

The Morning Bull - US Market Morning Update Tuesday, Sep, 8 2026

US stock futures are slightly softer ahead of the open, with E-mini S&P 500 contracts marginally in the red while Nasdaq futures edge higher. The key driver is fresh US jobs data, with August payrolls up 162k and unemployment steady at 4.1%, which signals an economy that is still adding work but not overheating. Average hourly pay rose 0.3% in a month, which keeps the cost of hiring on the radar for the Federal Reserve and helps explain why the US 10 year yield is sitting near 4.79%. Investors now face a clear question: If the labour market stays this firm, do higher for longer borrowing costs weigh more on rate sensitive areas like real estate and small caps, or does ongoing job growth keep large consumer facing and technology focused companies in the spotlight?

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Top Movers

Is Cerebras Systems still a smart investment or just hype? Read our most popular narrative and get all the answers you need.

SNDK 1-Year Stock Price Chart
SNDK 1-Year Stock Price Chart

Top Losers

  • Fair Isaac (FICO) fell 16.68% after comments on FICO credit score costs raised regulatory and business model questions.
  • Autodesk (ADSK) declined 8.26%.
  • Adobe (ADBE) dropped 6.73% as investors digested the Rilo acquisition and upcoming CEO transition headlines.

Look past the noise - uncover the top narrative that explains what truly matters for Autodesk's long-term success.

FICO 1-Year Stock Price Chart
FICO 1-Year Stock Price Chart

On The Radar

Tech and software headline the next three sessions, with Adobe and Oracle earnings anchoring a quiet macro calendar.

  • US labor data focus with August payrolls and wages keeping attention on borrowing costs through Thursday and Friday trading.
  • Casey's General Stores (CASY) reports Q1 2027 results after market on Tuesday, providing an update on fuel and convenience spending.
  • Sunbelt Rentals Holdings posts Q1 2027 numbers before the market opens on Wednesday, updating renters on equipment demand and pricing power.
  • NetApp AGM on Wednesday reviews board elections, pay, audit plans, and a charter amendment that could reshape officer protections.
  • Adobe (ADBE), Oracle (ORCL), Copart (CPRT) report Thursday after market, helping set the tone for software and digital infrastructure sentiment.

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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.