The Morning Bull – US Market Morning Update Tuesday, Sep, 29 2026
US stock futures are pointing lower this morning, with E-mini S&P 500 contracts down about 0.4% and Nasdaq-100 minis off close to 1%. The backdrop is tricky. August durable goods orders were flat overall, yet a key business investment gauge, non defense capital goods excluding aircraft, rose 1.6%, which hints that companies are still spending on equipment. At the same time, the University of Michigan consumer sentiment reading is stuck near 48.1, with households expecting inflation of 4.6% over the next year, so the cost of living still feels high. That mix leaves investors weighing whether interest rate sensitive areas such as tech and small caps, or more defensive sectors such as utilities and consumer staples, are better placed if growth holds up but inflation worries linger.
With inflation worries flaring up again and central banks hinting at further rate moves, many investors are shifting focus toward 30 resilient stocks with low risk scores that have historically held up better when conditions stay choppy.
Top Movers
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Pershing Square (PS) jumped 5.36% on continued interest in the Pershing Square portfolio structure.
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Palo Alto Networks (PANW) gained 4.63% after BTIG raised its price target following constructive product discussions.
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Twilio (TWLO) climbed 4.05% as traders leaned back into AI agent communications exposure.
Is Twilio 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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MongoDB (MDB) fell 18.46% after CEO CJ Desai resigned to take a senior role at Meta.
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Nu Holdings (NU) declined 10.01% following reports of talks about a potential Monzo acquisition and related deal uncertainty.
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Roblox (RBLX) dropped 9.86% after Jefferies cut the stock to Underperform, citing concerns on bookings and user trends.
For a broader view of where pressure is building and where balance sheets still look resilient, it helps to scan beyond these individual drops and review a curated list of solid balance sheet and fundamentals (25 results).
Look past the noise – uncover the top narrative that explains what truly matters for Roblox’s long-term success.
On The Radar
US traders face a packed run of inflation, jobs and Fed signals, with a few high profile earnings mixed in.
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US Inflation and Spending: Core PCE, PCE, income and spending on Wednesday will frame how firmly price pressures interact with demand.
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US Growth Pulse: Final Q2 GDP and GDP price index on Wednesday will clarify how output and prices aligned last quarter.
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Labor Market Focus: ADP on Wednesday and Non Farm Payrolls on Friday sharpen the picture on hiring, wages and participation.
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Manufacturing Momentum: Wednesday Chicago PMI and Thursday ISM Manufacturing PMI test how factory activity is holding up into Q4.
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Micron Technology (MU): Q4 2026 results on Wednesday will spotlight memory pricing trends and how management talks about future demand.
