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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 ahead roughly 0.3%. A key driver is the US 10 year Treasury yield, which is near a 20 month high of 4.74%. This means borrowing costs across mortgages, credit cards and business loans remain relatively expensive. At the same time, the US Composite PMI sits at 56, with services at 56.8 and manufacturing at 53.2, which signals economic growth led by services companies. Investors are now weighing whether firm growth and higher borrowing costs favor cash rich tech and large caps over more rate sensitive areas such as utilities and real estate stocks.
With rates high and growth led by services and large caps, focus on companies in solid balance sheet and fundamentals stocks screener (50 results) .
Top Movers
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Robinhood Markets (HOOD) jumped 13.70% after President Trump highlighted the Clarity Act alongside crypto platforms.
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Moderna (MRNA) gained 8.86% as multiple analysts raised price targets following positive melanoma Phase 3 data.
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Southern Copper (SCCO) rose 8.69%.
Is Southern Copper still a smart investment or just hype? Read our most popular narrative and get all the answers you need.
Top Losers
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Alibaba Group Holding (BABA) fell 8.57% after quarterly earnings showed lower net income and profit per share.
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Cerebras Systems (CBRS) declined 6.54%.
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Marvell Technology (MRVL) slipped 5.57% following recent enthusiasm around expanded AI chip partnerships.
Look past the noise - uncover the top narrative that explains what truly matters for Marvell Technology's long-term success.
On The Radar
Earnings from major US software and AI leaders will dominate attention over the next two trading days.
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Global demand insightas PDD Holdings (PDD)reports Q2 2026 results Pre Market today, with focus on consumer spending trends.
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Cloud and AI software checkwhen Zoom Communications (ZM)posts Q2 2027 earnings on Tuesday After Market.
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Tax and small business software trendscome into focus with Intuit (INTU)Q4 2026 results on Tuesday After Market.
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Williams Sonoma (WSM)reports Q2 2027 results Pre Market Wednesday, highlighting demand for higher ticket home goods.
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NVIDIA, Salesforce, CrowdStrike, Veeva, Oktareport on Wednesday, providing a broad read on enterprise and AI software spending.
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Don't Wait For The Winners, Find Them
Go beyond the usual headlines and act before the crowd moves. Our research highlights 54 AI infrastructure stocks that sit at the center of AI build out, with companies powering the picks and shovels of this major trend.
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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.
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