Stock Futures Mixed as Bond Yields Extend Rise

Futures on the Dow Jones Industrial Average (DJI) are up triple digits this morning, while the S&P 500 Index (SPX) sits flat, and the Nasdaq-100 Index (NDX) moves quietly lower. Rising bond yields are still in focus, with the 10-year Treasury yield earlier hitting 4.814%, its highest level since November 2023, as rising oil prices fuel inflation concerns. Meanwhile, ADP data showed private payrolls rose by just 38,000 in August, below expectations of 47,000 and marking the smallest increase since January.

Continue reading for more on today's market, including:

• What Bollinger Bands are saying about the market, per Schaeffer's Senior Quantitative Analyst Rocky White. 
• Don't count out Caterpillar stock during September.
• Plus, acquisition news boosts VRT; DELL's post-earnings surge; and PANW brushes off its fiscal fourth quarter.

5 Things You Need to Know Today

1. The Cboe Option Exchange saw roughly 2.1 million call contracts and 1.4 million put contracts traded on Tuesday. The single-session equity put/call ratio fell to 0.67, while the 21-day moving average remained at 0.59. 
2. AI infrastucture name Vertiv Holdings Co (NYSE:VRT) is slipping 0.3%, after announcing the acquisition of UtilityInnovation Group for $1.45 billion. The company also declared a quarterly dividend of $0.063 per share. VRT is heading into today with a 57% year-to-date gain. 
3. Dell Technologies Inc (NYSE:DELL) is up 9.1% in electronic trading, after the company posted better-than-expected second-quarter earnings and revenue and lifted its full-year forecast, citing strong AI server demand. A flood of analysts raised their price targets after the event. Looking to snap a three-day losing streak, DELL is up 237.6% in 2026. 
4. Palo Alto Networks Inc (NASDAQ:PANW) is brushing off better-than-anticipated fiscal fourth-quarter results and upbeat guidance, down 2% before the bell. Year to date, the cybersecurity name is up 96.6%. 
5. The earnings docket is piled high this week.

Bond Yields Remain Elevated Overseas

Asian stocks struggled in today’s session, once again weighed down by Middle East tensions. Bond yields continued higher as well, with Japan’s 10-year rising as high as 3.02% after yesterday’s 30-year peak. Japan’s Nikkei fell 2.9%, but was outpaced by South Korea’s Kospi’s 4% drop. Hong Kong’s Hang Seng finished 0.07% lower and China’s Shanghai Composite lost 1%.

European markets are faring no better, led by a pullback in media and auto stocks. Yields are also seeing an increase across the pond, with the U.K.’s government yield tapping 18-month highs and the German 30-year Bund at 28-year highs. At last check, London’s FTSE 100 is off 0.5%, France’s CAC 40 is 0.4% lower, and Germany’s DAX has slipped 0.6%.