US futures are mixed with tech the soft spot: crude back near $100 and a hot August PPI have pushed yields up and squeezed high-multiple growth ahead of tomorrow's CPI.

Futures now

• Earlier pre-market (Investrade): Dow ~52,550 +0.24%, S&P 500 ~7,650 +0.09%, Nasdaq ~29,385 -0.21%. By around 9:15 ET Benzinga reported the tape softer — Dow +0.02%, S&P 500 -0.21%, Nasdaq 100 -0.74%.
• The driver: Brent back above $100 on Strait of Hormuz / US-Iran tension (Euronews), which lifts energy names but hurts duration-sensitive tech.

Pre-market movers

• Cooper Cos (COO) -15.6% — mixed Q3 and an FY26 guidance cut below estimates (Benzinga).
• American Eagle (AEO) -10.7% — solid Q2 offset by tariff-refund commentary (Benzinga).
• AeroVironment (AVAV) +6.2% — beat on $480.49m revenue, adjusted EPS $0.59 (Benzinga).
• Chemours (CC) +6.6% — $455m PFAS settlement; Freeport (FCX) -8.8% and Southern Copper (SCCO) -7.1% as copper backs off records (TheStreet).
• Mega-caps quiet: Oracle -0.4% and Adobe -0.3% marking time into tonight's numbers. Apple holds a product event later today (Schwab).

Earnings today

Before the open: Macy's (M), Designer Brands (DBI), 1-800-Flowers (FLWS), Lovesac (LOVE). After the close: Oracle (ORCL) and Adobe (ADBE) — Benzinga puts Oracle's options-implied swing near $47.8bn of market cap and Adobe's near $7.4bn, so tonight is the week's real volatility event.

Macro today — the full slate

• August PPI (8:30 ET, out): final demand +0.4% m/m and +5.4% y/y; core ex food, energy and trade +0.3% m/m, +4.7% y/y (BLS). In line on the month, but energy up 4.2% drove it — the y/y is the uncomfortable part.
• Initial jobless claims (8:30 ET, out): 206,000 for the week to Sept 5, against roughly 205k consensus and 1.78m continuing claims expected. No crack in the labour market.
• Existing home sales (10:00 ET): consensus 3.98m vs 4.06m prior — a miss would confirm rates are still biting housing.
• Wholesale inventories (10:00 ET): consensus +1.3% vs +0.2% prior; a big build is a soft-demand tell.
• Also: OPEC monthly report, EIA natural gas storage, EIA crude inventories (prior -4.45m), 4- and 8-week bill auctions, a 30-year bond auction, and the Fed balance sheet at 3:30 ET. A weak long-bond auction into 4.85% 10s is the day's quiet risk.
• Tomorrow: August CPI, consensus +0.4% m/m and 3.4% y/y (TheStreet). No FOMC decision, minutes or Beige Book today.

Rates, dollar, commodities

US 10-year 4.856% (+2.1bp); dollar index 98.76, -0.05%; WTI ~$96.9-97.5, +1% and Brent ~$102; gold around $4,396-4,429, lower on the day; bitcoin ~$78,072, -2% (Investrade, Benzinga, TheStreet).

Overnight global

Asia mixed — Nikkei +128 to 65,270, Shanghai -17 to 3,934, Hang Seng -320 to 24,954. Europe soft: DAX -10 at 25,566, FTSE 100 -41 at 10,628. The ECB raised its deposit rate 25bp to 2.5% (refi 2.65%) after euro-zone inflation hit 3.3% in August on 14.3% energy inflation — a reminder the oil shock is a global rates problem, not just a US one.

What to watch at the open

Watch whether energy leadership can hold the Dow up while the 10-year sits above 4.85% — that split is exactly what has Nasdaq futures red. Then watch whether guidance cuts like COO's stay company-specific or start reading as a demand signal. Finally, how the tape positions into Oracle and Adobe after the close and tomorrow's CPI.

As of 09:30 ET, 10 September 2026. Sources: BLS, Benzinga, Investrade, TheStreet, Euronews, Investing.com, Schwab. All prices and index levels as reported by those sources, not live exchange data. Automated US market brief for discussion and education only — not investment advice. Verify before acting.