After a few rough days, tech caught a bid, and our ASTS long finally went vertical

Morning brief: Bond yields are showing no mercy, making tech sweat, but our biotech hero is having a moment

Published Sep 2, 2026, 8:00 AM EDT

Geopolitical Heat and Yields Drag Stocks

Escalating Middle East conflicts and surging Treasury yields drove Fear & Greed to 31, pressuring futures ahead of the open.

Moderna Soars 9.9% on Vaccine Momentum

Moderna gained 9.93% as positive late-stage melanoma trial data and new FDA approvals continue driving Wall Street upgrades and platform re-rating.

Interactive Brokers Drops 7.0% on Downgrade

Interactive Brokers fell 7.01% after UBS downgraded the shares to Neutral, citing stretched valuation and a sequential dip in August trading volumes.

Oracle Drops 5.2% as Yields Pressure Debt

Oracle fell 5.23% as soaring Treasury yields heightened market anxiety over its heavy debt load and massive AI data center capital expenditures.

Broadcom Earnings Prepped to Test AI Trade

All eyes shift to Broadcom reporting after today's close, offering a crucial test for enterprise AI spending and tech market momentum.

Market posture: With Fear & Greed at 31 amidst surging yields and geopolitical tension, we adopt a Defensive posture focused on capital preservation.

Stocks in this edition: MRNA, ORCL, AVGO

Upcoming earnings

• AVGO — Wed, Sep 2, 2026, after the close
• PL — Thu, Sep 3, 2026, after the close
• AVAV — Wed, Sep 9, 2026, time not announced
• ADBE — Thu, Sep 10, 2026, after the close
• ORCL — Mon, Sep 14, 2026, time not announced
• MU — Mon, Sep 21, 2026, after the close

Evening brief: After a few rough days, tech caught a bid, and our ASTS long finally went vertical

Published Sep 2, 2026, 8:01 PM EDT

Stocks Snap Three-Day Loss on Tech Rebound

Wall Street rebounded as mega-cap tech gains and stabilizing bond yields helped markets recover from recent geopolitical pressure.

ASTS Soars 11.8% on Berenberg Buy Rating

Shares surged after Berenberg initiated coverage with a Buy rating and $92 target, citing direct-to-device cellular broadband leadership.

RDDT Rallies 9.3% Amid Ad Growth Surge

Reddit jumped as strong ad revenue momentum and impending S&P 500 inclusion continued driving heavy institutional buying.

PLTR Drops 5.8% on Valuation Concerns

Palantir tumbled as high-multiple valuation pressure and Google's new cyber AI program triggered profit-taking after an extended rally.

Planet Labs Earnings and Job Data Ahead

Eyes turn to Planet Labs reporting earnings tomorrow after close alongside fresh labor market data to test risk sentiment.

Market posture: Maintaining a cautious posture as Fear (33) dominates market sentiment, favoring high-quality mega-caps and cybersecurity defensive plays.

Stocks in this edition: ASTS, RDDT, PLTR

Upcoming earnings

• PL — Thu, Sep 3, 2026, after the close
• AVAV — Wed, Sep 9, 2026, time not announced
• ADBE — Thu, Sep 10, 2026, after the close
• ORCL — Mon, Sep 14, 2026, time not announced
• MU — Mon, Sep 21, 2026, after the close
• PEP — Thu, Oct 8, 2026, before the open

The day's lineup changes

No lineup changes this day.