🗞️ Market Recap (Wed 02 Sep) | Economic data supports Wall Street’s resilience

📊 Market Snapshot — Wed 02 Sep

🇺🇸 Daily Market Recap — U.S. Markets

Wall Street saw a positive session on Wednesday, with US benchmark indices posting gains across the board. The Dow Jones Industrial Average rose by 0.56% to close at 53,061.95, while the S&P 500 added 0.46% to end at 7,666.6. The Nasdaq Composite also edged higher, gaining 0.45% to settle at 26,217.828. The broader market’s upward momentum was not significantly impacted by the unchanged 10-year Treasury yield, which remained steady at 4.796%. Despite the positive performance, volatility slightly increased, as indicated by the VIX rising by 1.04% to 16.51.

Among individual stocks, Atkore Inc. (ATKR) emerged as a notable gainer, surging 28.22% on the day. This rally contributed to the overall positive sentiment in the market. On the other hand, Sportradar Group AG (SRAD) experienced a sharp decline, dropping 15.13%. The market’s performance came amid a backdrop of international economic developments, including the Reserve Bank of New Zealand’s decision to raise its interest rate to 2.75%, and the Bank of Canada’s decision to maintain its rate at 2.25%. Additionally, the U.S. Factory Orders for July 2026 showed a robust increase of 0.9% month-over-month, providing a positive signal for the manufacturing sector.

Looking ahead, investors will be keeping a close watch on upcoming economic data releases and central bank announcements for further direction. The market’s focus may shift towards domestic economic indicators and any potential policy signals from the Federal Reserve. As the third quarter progresses, the interplay between economic data and monetary policy will likely continue to influence market sentiment and risk appetite.

🏆 Wall Street Movers

Top two gainers in the last trading session include Atkore Inc. (ATKR), surged 28.22% to while CoreWeave, Inc. (CRWV), surged 19.49% to .

Losers include Sportradar Group AG (SRAD), erasing 15.13% to and GameStop Corporation (GME), erasing 12.25% to .

Elsewhere, most active counters were NVDA, INTC, AMZN.

🌏 Asia & Europe

Asian markets broadly experienced a downturn on Wednesday, with the Nikkei 225 leading the decline, falling 2.85% to close at 64,325.64. This drop comes despite the release of Australia’s GDP data, which showed a modest growth of 0.3% over the past three months. The Hang Seng Index also saw a decline, ending the session down 1.18% at 25,264.69. In contrast, the Jakarta Composite Index bucked the regional trend, rising by 0.86% to 6,581.448, indicating some localized positive sentiment.

Major European exchanges also faced a challenging day, with most indices closing in negative territory. The FTSE 100 in the UK slipped by 0.30% to 10,756.45, while the CAC 40 in France similarly declined by 0.30% to 8,276.83. The broader Euro Stoxx 50 index saw a more modest decrease of 0.14%, ending at 6,360.18. Notable movers included the SDAX, which fell by 0.88% to 18,566.45, and the MDAX, which decreased by 0.87% to 31,893.73. These declines occurred amid a lack of major economic announcements from the region, suggesting a cautious investor sentiment prevailing across the markets.

💵 Forex Markets

🌐 Other Markets

🪙 Gold is up by 0.45% (19.70 USD an ounce) to 4,434.30 USD an ounce as on Wed. Previous day close was 4,414.60.

🪨 Silver is up by 0.71% (0.47 USD an ounce) to 65.93 USD an ounce as on Wed. Previous day close was 65.46.

🛢️ Crude Oil is down by 0.42% (0.38 USD per barrel) to 90.63 USD per barrel as on Wed. Previous day close was 91.01.

₿ Bitcoin is down by 0.37% (285.31 USD) to 77,110.58 USD as on Wed. Previous day close was 77,395.89.