📊 ASFX MORNING BRIEF — Tuesday, Sept 8, 2026

FUTURES (pre-market)

Dow: -389 (-0.73%) → 53,051

S&P 500: -19.25 (-0.25%) → 7,702

Nasdaq: +21.25 (+0.07%) → 29,586

WHAT'S DRIVING IT

- Oil spiking — Brent ~$98-99, WTI ~$94, after Saudi energy facility ops halted following Houthi attacks. 3rd straight day of gains.

- Yields elevated — 10-yr at 4.80%, 30-yr at 5.27%. Friday's jobs report (+162K, ~3x expected) muddied the Fed rate-cut outlook.

- Pharma weak — Novartis -12% on failed drug studies, dragging AMGN/LLY/IONS/DYN/SRPT.

- U.S.-Canada trade tension also weighing on sentiment.

ECON CALENDAR (ET)

6:00 AM — NFIB Small Business Optimism: 98.7 (miss vs 99.3 est.)

12:15 PM — ADP Employment Change (weekly)

1:00 PM — Treasury 3-yr note auction

3:00 PM — Consumer Inflation Expectations

3:30-5:00 PM — Bill/note auctions

7:00 PM — Consumer Credit Change

EARNINGS

Before open: ABM, CAN, UNFI, WDH

After close: GME, CASY, BRZE

THE READ

Quiet data day until the afternoon auctions — oil/geopolitics is the live wire. Watch for headline-driven vol spikes rather than a clean data-driven session.

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