Midday Briefing

📊 AI Stocks Midday Pulse — Tuesday, September 1, 2026 at 10:30 AM

Indices: SPX ~7,646 (-0.67%) · NDX ~29,050 (-1.18%) · DJI ~52,980 (-0.74%)
Tone: Risk-off — bonds and oil are running the show

Movers so far:
• CRWD -7.0% — giving back the post-earnings pop; high-multiple software is the first thing sold on a yield spike
• NET -5.9% — same story, duration-sensitive names hit hardest
• ORCL -5.0% — AI-capex debt load back in focus after the credit downgrade and negative free cash flow
• AAPL +3.1% — the day's odd one out; money rotating into low-beta mega-cap balance sheets
• AMZN -2.1% — FTC and 22 states sued Monday over sponsored-ads pricing, alleging $20B+ in advertiser overcharges

Watchlist:
• MU $945.82 (-1.35%)
• NVDA $219.59 (-0.54%)
• MSFT $500.83 (-1.27%)
• GOOGL $335.41 (-1.16%)
• META $580.39 (+1.41%)
• AMZN $254.40 (-2.07%)
• AAPL $326.57 (+3.07%) ⚠️
• AMD $456.89 (-2.94%)
• TSLA $356.66 (-3.07%) ⚠️
• PLTR $182.37 (-2.15%)
• ARM $233.66 (-3.41%) ⚠️
• SMCI $36.56 (-1.93%)
• ORCL $141.61 (-5.04%) ⚠️
• SOUN $6.87 (-4.05%) ⚠️
• IONQ $37.94 (-3.49%) ⚠️
• BBAI $2.96 (-5.43%) ⚠️
• AVGO $368.66 (-0.45%)
• CRM $255.42 (-0.82%)
• ADBE $288.13 (-1.59%)
• IBM $230.89 (-1.27%)
• SNOW $320.63 (-3.26%) ⚠️
• MDB $434.09 (-4.25%) ⚠️
• NET $287.27 (-5.85%) ⚠️
• CRWD $214.75 (-7.03%) ⚠️
• TSM $414.33 (-0.24%)
• ASML $1,660.90 (-2.07%)

News:
• Two oil tankers were struck in the Strait of Hormuz overnight as the U.S.-Iran conflict reignited. Brent is above $92, and the 10-year Treasury yield hit 4.75% — its highest intraday level since January 2025.
• July JOLTS came in roughly flat. Friday's jobs report is the next real catalyst, with the Fed's September meeting now a live tightening debate rather than a cutting one.
• IPO watch: Anthropic — S-1 filed June 1 on the back of a $65B Series H at a $965B valuation — is still reported to be targeting a September listing. OpenAI filed confidentially June 9 but has signaled Q4 at the earliest. Neither trades publicly yet.