FactSet Evening Market Recap

US equities were higher in Thursday trading, with the equal weight S&P slightly outperforming the cap-weighted index. Yields provided some offset for higher oil amid fading diplomatic momentum and concerns about US-Iran re-escalation.

US equities mixed in Wednesday trading, ending off their best levels. The Mag 7 outperformed today, providing some support. However, breadth was negative again amid the continued debate about how the divergence between weak breadth and index-level resilience gets resolved

US equities ended lower in Tuesday trading, though off from worst levels. A lot of focus remained on bond yield backup, though there are several moving pieces there. It was a busy day of AI headlines, with initial focus on a report of Anthropic IPO details and OpenAI's decision to scrap the planned October release of GPT-6.1 Astra.

US equities were lower in Monday trading. Higher yields were once again in focus with the 10Y near its highest level since 2006 and the 30Y earlier hitting a fresh post-2004 high. This comes amid noisy headlines about possible US-Iran diplomatic progress.

The S&P 500 and Nasdaq were both higher this week. Nasdaq closed at fresh record levels earlier this week, while the S&P finished the week less than 1% from its August record close.

US equities were mixed in Thursday trading. Stocks bounced off of session lows following a Reuters report that stated that the US and Iran were exploring a phased deal to end conflict. Other areas of focus included the Trump/Xi summit, AI product discounting, and ramping buyback blackout.

US equities were lower in Wednesday trading. Bond yield backup and further bearish flattening was the big story today. The move was triggered by hotter September flash PMIs.

US equities mixed in Tuesday trading, though off worst levels. A few moving pieces today with AI, geopolitics/energy and rates among some of the higher-profile areas of focus.

US equities were higher in Monday trading as stocks ended near best levels. AI trade extended its rebound from recent pacing worries with focus on agent momentum. Rates were likely helped by oil’s move amid some hawkish post-FOMC Fedspeak.

Major US equity indices were mostly lower this week, though the Nasdaq Composite logged a weekly gain. AI had an up-and-down week with some notable Monday and Tuesday softness coming after Anthropic's Dario Amodei last weekend released a call for a slower pace of frontier evolution, citing cybersecurity concerns and worries about unchecked recursive self-improvement. The FOMC this week hiked rates...

US equities were higher in Thursday trading. Oil was a tailwind (though ended the day off its lows) despite mixed takeaways from the latest Middle East updates. Other areas of focus included positive AI updates, largely upbeat sell-side conference takeaways, and next week's Trump-Xi summit.

US equities were down in Wednesday trading, rebounding a bit from their worst levels after somewhat hawkish remarks from Warsh post-FOMC. The Fed raised rates by 25 bp as widely expected, while dot plot showed one additional rate hike for 2026 and nothing more in 2027. Market still pricing in 25 bp of hikes through year-end.

US equities finished lower in Tuesday trading, ending not far from worst levels. Stocks extended Monday's selloff with biggest focus on another oil rally amid latest cautious Middle East and global supply updates.

US equities finished lower in Monday trading, though ended well off the morning's weakness. A rotation out of the AI infrastructure space was today's big story. There’s also a lot of anticipation ahead of Wednesday’s FOMC meeting.

US equities were lower this week, with the S&P 500 and Nasdaq snapping two-week winning streaks. Iran conflict and energy-market spillovers remained a major market headwind, with increased kinetic activity and dwindling diplomatic off-ramps pushing WTI and Brent above $100 and US diesel above $6/gallon. August CPI came in slightly hotter than expected and strengthened the case for a September...

US equities were lower in Thursday trading, ending a bit off worst levels. The market was on the defensive against continued strength in crude and a notable jump in Treasury yields. WTI is crude now up for the eighth consecutive session (and up ~20% over that stretch) with a focus on Mideast headlines, particularly regarding Houthi influence over Bab el-Mandeb strait.

US equities were lower in Wednesday trading, extending Tuesday's declines. The defensive tone once again chalked up to continued escalation in kinetic activity in the Middle East (and no diplomatic off-ramps in sight) that pushed oil back to four-month highs. Rates were also a headwind, tabbed in part to oil as well as underwhelming Treasury buyback announcement.

US equities were lower in Tuesday trading as major averages ended near session lows. Defensive tilt chalked up to latest hawkish US/Iran updates following weekend ramp in kinetic activity.

US equities were modestly higher this week, with the S&P 500 and Nasdaq both up less than 1% but higher for a second straight week (and fifth week in the past six). The Iran war narrative was fairly choppy, as kinetic activity resumed over the weekend, though was fairly limited in scope. August headline payrolls were up +162K m/m, well ahead of +55K consensus.

US equities were higher in Thursday trading, ending near best levels. The move to the upside was tabbed in large part to rate stabilization following Fed Governor Waller's remarks offering support for a September rate hold if data showed continued disinflation progress. September hike probabilities now seen as just above 50% vs odds near 68% on Tuesday.

US equities were higher in Wednesday trading, a bit off best levels. It was a very quiet, low volume session as the market bounced following a three-day losing streak that was largely chalked up to higher rates, higher energy prices, hawkish central bank reaction function concerns, elevated geopolitical tensions, dampened positive macro surprise momentum and seasonal headwinds.

Major US indices were mixed this week, with the S&P and Nasdaq both rising for the fourth time in the past five weeks. The week saw some stabilization in the momentum trade. June ISM Services was in line with consensus.

US equities were higher in Thursday trading, with the S&P 500 and Nasdaq now on pace for weekly gains. Momentum was again the big driver in a continuation of Wednesday's rebound. The broadening-trade was back in evidence after yesterday's narrowly focused gains, with the RSP not far below another fresh record close.

US equities were mostly lower in Wednesday trading, though near the session highs. Geopolitics drove some of the broad risk-off today; oil and Treasury yields were up while S&P decliners outnumbered gainers by three to one. June FOMC minutes were largely uneventful.

US equities were lower in Tuesday trading, though off their worst levels. The momentum trade names led the market to the downside, with notable weakness in memory, semis, and AI energy infrastructure. Today's action extended the recent momentum selloff which has been attributed to factors including the growing fears around the return on investment for AI capex, Chinese and open source model compet...