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Daily Wrap-Up: Support Failing | Sep 1, 2026

By September 1st, 2026Daily Market Wrap-Up2 min read

Bears kept the pressure on Tuesday and sent the S&P 500 index futures another leg lower to start the month, as many of the index’s top tech components took a hit from sellers and profit-takers.

Overnight, bulls initially held sellers off, sticking around the 7700 area and setting an early high of 7708. As the night progressed, bids started to falter, and by the open bears had already pierced through last week’s low.

Off the opening bell, bulls struggled for control before mounting a rebound rally, but it didn’t last long, soon falling back into the area near last week’s low. Bears kept a lid on the lesser psychological 7650 level and, in the penultimate hour, went for another selloff. After hitting a low of 7621.50, buy-the-dippers came in to reclaim some of the losses, eventually dragging the index futures back up to finish near the premarket low. The session concluded below the day’s midpoint at 7642.75, losing 56.25 handles.

Tomorrow, market participants can look forward to some minor macro data in the morning and some earnings reports morning and evening, including Broadcom, Inc. (NASDAQ: AVGO) after the close.

Among the top components of the index, Apple Inc (NASDAQ: AAPL) emerged as the biggest gainer. The tech giant advanced by $8.28 or 2.61% to close at $325.13 for the day.

That performance was over three percent better than the cash index’s decline of 0.69%.

Flipping its role from Monday, the biggest loser ended up being Tesla Inc (NASDAQ: TSLA). For the day, the AI/EV company declined by $11.86 or 3.22% to close at $356.09.

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