S&P 500 futures slide 1.5% as rate hike and growth worries build

Macro Impact 4
โดย Simply Wall St·Read original
Summary · why it matters

US stock futures pointed lower on Wednesday, with E-mini S&P 500 contracts down about 1.5% and Nasdaq-100 futures weaker by more than 2.7%, as investors weighed the prospect of a Federal Reserve rate hike in September and soft global growth. The US 10-year Treasury yield sat near 4.5%, raising borrowing costs for households and businesses, while Europe's latest purchasing manager indexes showed services activity shrinking and manufacturing only edging ahead. Among individual movers, Axon Enterprise surged 5.61%, GE HealthCare Technologies gained 5.08% after RBC initiated coverage with an Outperform rating, and International Business Machines climbed 5.04% following an upgrade to Overweight. On the losing side, Sandisk declined 13.64%, Micron Technology fell 13.18% ahead of its closely watched earnings report, and Vertiv Holdings dropped 11.07% as recent gains in data center cooling stocks reversed. Key events on the radar include Micron's Q3 results, NVIDIA's Annual General Meeting, and Paychex's Q4 numbers, all on Wednesday, with the Fed rate path focus centering on PCE data and 10-year yields through Friday.

Impact on stocks 9

Cloud & Digital Infrastructure▲ · 2 stocks
Axon Enterprise Inc.
AXON
▲ PositiveCapitalrelevance

Axon Enterprise surged 5.61% on no specific news in the article, but the price move is reported as a gain.

Semiconductors▼ · 2 stocks
Micron Technology Inc
MU
▼ NegativeCapitalrelevance

Micron Technology fell 13.18% ahead of its closely watched earnings report, indicating market caution.

Sandisk Corp
SNDK
▼ Negativerelevance

Shares declined 13.64% but article gives no specific cause; only reports the price move.

Artificial Intelligence▼ · 2 stocks
Vertiv Holdings Co
VRT
▼ Negativerelevance

Shares dropped 11.07% as data center cooling stocks reversed; no specific company news.

Biotech & Genomic Medicine▲ · 1 stocks
Quantum Computing▲ · 1 stocks
Consumer Discretionary▲ · 1 stocks
© 2026 MarketDXNews