US Stock Market Today: S&P 500 Futures Slip On Strong Jobs Data Rate Jitters

The Morning Bull – US Market Morning Update Monday, Sep, 7 2026

US stock futures are pointing lower this morning, with E-mini S&P 500 contracts down about 0.4%, as investors digest stronger than expected US August jobs data and the interest rate questions that follow. Nonfarm payrolls rose by 162,000 and the unemployment rate held at 4.1%, which signals a still resilient job market. Wage growth of 0.3% month on month means pay packets are growing at a pace that can keep consumer spending ticking along. The key issue for investors now is whether this strength pushes the Federal Reserve toward another rate hike, which puts particular focus on rate sensitive areas such as financials and real estate, as well as growth sectors that rely heavily on future earnings.

With rate expectations swinging on every data point, some investors are already shifting toward 80 resilient stocks with low risk scores, which may handle higher yields and tighter policy a little more steadily.

Top Movers

• Sandisk (SNDK) jumped 11.90% after inclusion in the S&P 500 index and memory sector headlines.
• Cerebras Systems (CBRS) climbed 10.30% following an outstanding second quarter update on AI demand.
• Astera Labs (ALAB) advanced 9.75% as investors focused on its role in AI infrastructure.

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

Top Losers

• Fair Isaac (FICO) declined 16.68% after comments raised concern about potential changes to mortgage credit score usage.
• Autodesk (ADSK) declined 8.26%.
• Adobe (ADBE) declined 6.73% following executive transition and product expansion headlines.

Look past the noise – uncover the top narrative that explains what truly matters for Adobe’s long-term success.

On The Radar

Market focus turns to the Federal Reserve outlook and a handful of consumer and tech company events over the next few days.

• Fed policy focus Strong August payrolls and steady 4.1% unemployment keep attention on how the Fed interprets labor resilience.
• NIKE (NKE) Annual General Meeting on Tuesday, with attention on commentary around consumer demand and cost discipline.
• Casey’s General Stores (CASY) Q1 2027 results on Tuesday after market close, highlighting fuel margins and in-store sales trends.
• Sunbelt Rentals Holdings Q1 2027 results on Wednesday pre-market, giving an update on equipment demand and capital spending appetite.

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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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