Daily Market Snapshot: September 1, 2026.

Brought to you by your local Edward Jones financial advisors. Tuesday 9/1/2026 a.m. Rising bond yields weigh on sentiment to begin September – U.S. equity markets are trading lower on Tuesday, with renewed upward pressure on bond yields weighing on investor sentiment, in our view. The 10-year Treasury yield is hovering around 4.78%, while the 30-year Treasury yield has climbed back to just below 5.3%. The rise in government bond yields is not isolated to the U.S. Japan's 10-year government bond yield reached 3% for the first time since 1996, while yields in the United Kingdom and the euro area are also broadly higher. From a market-leadership perspective, technology-heavy areas are underperforming, with the Nasdaq down more than 1% in early trading. Contributing to the rise in bond yields and the risk-off tone in equity markets is renewed upward pressure on oil prices. Two oil tankers were reportedly attacked while transiting the Strait of Hormuz late Monday. In response to the attacks and the broader escalation in regional tensions, WTI crude oil is trading higher at approximately $88 per barrel. Global rise in bond yields weighs on sentiment – Rising bond yields are back in focus on Tuesday, with government bond yields across the globe moving higher and back near multi-year highs. The 10-year Japanese government bond yield has risen to 3%, its highest level since 1996, while 10-year government bond yields in Germany, the United Kingdom, and France are also near multi-year highs. U.S. yields are following suit, with the 10-year Treasury yield rising to a year-to-date high of approximately 4.78% today. As we outlined in a recent Weekly Market Wrap, we believe several factors are contributing to the rise in global bond yields, including elevated corporate issuance, large and persistent U.S. budget deficits, uncertainty around inflation, expectations for additional interest-rate hikes by global central banks, and greater compensation demanded by investors for holding longer-maturity bonds amid an uncertain backdrop. We expect these factors to remain prevalent through the remainder of the year, and we believe the 10-year U.S. Treasury yield is likely to trade between 4.5% and 5%. Although yields that are higher than those of recent years improve the potential for fixed-income returns over a multi-year horizon, our expectation that yields will remain elevated through year-end suggests limited scope for meaningful price appreciation in investment-grade bonds over the near term. Against this backdrop, we recommend that investors consider maintaining a neutral duration posture, or interest-rate exposure, relative to the U.S. investment-grade benchmark. At the same time, we do not expect the rise in bond yields to derail what we continue to view as a constructive backdrop for equities, supported by robust corporate profit growth and steady economic activity. Accordingly, we recommend that investors consider overweighting stocks relative to bonds, with a particular emphasis on U.S. large- and mid-cap stocks and emerging-market equities. Labor demand and manufacturing activity in focus – Labor-market data will be in focus today, with the July JOLTS report scheduled for release later this morning. Expectations are for job openings to hold relatively steady at around 7.3 million, compared with 7.4 million in June. After a period of historically tight labor-market conditions in the years immediately following the pandemic, we would characterize current labor-market conditions as broadly balanced, with the number of job openings modestly exceeding the number of unemployed workers. Importantly, we believe the labor market remains supportive of household spending and economic activity, with hiring continuing at a modest pace and layoffs remaining limited. Given these more balanced conditions, we also do not view the labor market as a meaningful source of inflationary pressure at present. In addition to the labor-market data, the August ISM Manufacturing PMI will provide an update on the goods-producing side of the economy. Expectations are for the index to remain firmly in expansionary territory following a reading of 55.6 in July. A reading above 50 would mark the eighth consecutive month of expansion, highlighting a resurgence in the manufacturing side of the economy after a period of stagnation from late 2022 through 2025. Important information: This is for informational purposes only and should not be interpreted as specific investment advice. Investors should make investment decisions based on their unique investment objectives and financial situation. While the information is believed to be accurate, it is not guaranteed and is subject to change without notice. Investors should understand the risks involved in owning investments, including interest rate risk, credit risk and market risk. The value of investments fluctuates and investors can lose some or all of their principal. Past performance does not guarantee future results. Market indexes are unmanaged and cannot be invested into directly and are not meant to depict an actual investment. Diversification does not guarantee a profit or protect against loss. Systematic investing does not guarantee a profit or protect against loss. Investors should consider their willingness to keep investing when share prices are declining. Dividends may be increased, decreased or eliminated at any time without notice. Special risks are inherent in international investing, including those related to currency fluctuations and foreign political and economic events. This section and content are designed for U.S. residents only. The services offered within this section are available exclusively through our U.S. financial advisors. Edward Jones' U.S. financial advisors may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state.