Data as of: September 2, 2026, 08:00 (UTC+8)
Corresponding US Stock Trading Day: September 1, 2026
1. Overnight US Stocks
On September 1, US stocks weakened overall after opening the first trading day of September. The market was mainly affected by rising US Treasury yields, increasing international oil prices, and escalating geopolitical tensions in the Middle East, which further heightened investors' concerns about renewed inflation pressures and the Federal Reserve's future interest rate path.
The three major indices all closed lower:
Dow Jones Industrial Average: 52,766.88｜-0.79%
S&P 500:7,631.47｜-0.71%
Nasdaq Composite Index: 26,099.77｜-1.03%
The 10-year US Treasury yield rose to about 4.79%, reaching a recent high. Meanwhile, WTI crude oil prices broke through $90 per barrel, and Brent crude oil further increased. The rise in energy prices renewed market concerns about inflationary pressures.
Technology stocks were clearly affected by rising interest rates, with large tech companies like NVIDIA and Amazon under pressure, while the energy sector performed relatively well.
The core trading logic of the market has shifted from policy expectations following the Jackson Hole meeting to focus on:
US Treasury yields｜Oil prices｜Inflation｜Fed rate cut expectations｜Geopolitics｜Tech stock valuations
2. Savicoin US Stock Perpetual Contract Market
| Symbol | Reference Price | 24h Change | 24h Volume (USDT) |
| NVDAUSDT | $217.44 | -1.51% | 2.094K |
| TSLAUSDT | $356.09 | -3.23% | 552.982K |
| AAPLUSDT | $325.13 | +2.61% | 9.459K |
| MSFTUSDT | $501.02 | -1.24% | 12.566K |
| AMZNUSDT | $254.92 | -1.87% | 2.947K |
| METAUSDT | $578.54 | +1.08% | 14.291K |
| SNDKUSDT | $1,536.87 | -1.90% | 7.394M |
| SPYUSDT | $760.7 | -0.8% | 29.427K |
Note: Reference prices and changes are based on the corresponding US stock/ETF September 1 regular trading session closing prices.Savicoin US stock perpetual contract actual transaction prices may differ due to trading times, market liquidity, and price fluctuations.
3. Market Observation
On September 1, the market mainly focused on five key themes:
US Treasury yields｜Oil prices｜Geopolitics｜Federal Reserve policy｜Tech stock valuations
With the rapid rise in oil prices, the market is reassessing future inflation risks.
The 10-year US Treasury yield rose to about 4.79%, and the high interest rate environment is putting some pressure on high-valuation growth stocks. Meanwhile, the market is repricing expectations for the Federal Reserve’s September meeting. Reuters reported that the probability of a 25 basis point rate hike in September rose to about 68%, significantly higher than before.
In the tech sector, the AI industry chain remains the core trading focus, but with rising rates and valuation pressures, capital is increasingly paying attention to:
AI capital expenditure｜Profit realization｜Data center demand｜Valuation levels｜Free cash flow
Therefore, short-term performance among AI leading stocks may further diverge.
4. Key Stock | NVDAUSDT
NVIDIA remains an important indicator for the current AI and semiconductor sectors.
On September 1, NVDA closed at $217.43, down 1.52%.
NVIDIA’s previously strong earnings continue to provide fundamental support for AI infrastructure investment. However, with rising US Treasury yields, the market has begun to reassess the risk-reward ratio of high-valuation tech stocks.
Current key market focus areas for NVDA include:
- AI data center demand
- AI capital expenditure by large tech companies
- Volume ramp-up of next-generation AI chip products
- Growth rate of data center business
- Changes in gross margin
- Return on AI infrastructure investment
- Profit realization under high valuation environment
In addition, on September 1, the market also paid attention to NVIDIA’s investment and cooperation news related to the AI industry chain, such as with Anthropic and Lambda, which put some pressure on NVDA that day. Meanwhile, semiconductor-related stocks like SNDK, AMD, and MRVL were also affected by changes in market risk appetite.
In the short term, NVDA may continue to be an important indicator of risk appetite in the Nasdaq and AI sectors.
5. September 2 Headlines
01. US Treasury Yields Continue to Impact Tech Stock Valuations
On September 1, the 10-year US Treasury yield rose to about 4.79%.
As bond yields rise, the discounted future cash flows of growth tech companies face increased pressure, and high-valuation tech stocks may face greater valuation adjustment pressure.
Key focus:
10-year US Treasury yield｜Fed rate expectations｜Inflation data｜US dollar index｜Tech stock valuations
02. Rising Oil Prices Renew Inflation Concerns
International oil prices rose significantly on September 1, with WTI crude briefly breaking above $90 per barrel, and Brent crude also climbing further.
The rise in energy prices may be transmitted through transportation, manufacturing, and consumer sectors to overall inflation, causing renewed market concerns about limited Federal Reserve rate cut space.
Key focus going forward:
Crude oil｜Inflation｜US Treasuries｜US dollar｜Federal Reserve policy
03. Tech Stocks Under Pressure Overall, Sector Internal Divergence
On the first trading day of September, the Nasdaq Composite Index fell about 1.03%.
Large tech stocks such as NVIDIA, Amazon, and Microsoft were under pressure, while Apple and Meta performed relatively strongly.
Apple rose about 2.61%, Meta up about 1.08%, while Tesla fell about 3.22%.
The internal divergence within the tech sector further reflects that the market is shifting from purely AI-themed trading to greater emphasis on company fundamentals and valuations.
04. AI and Semiconductors Remain Long-term Themes
Despite short-term impacts from interest rates and risk appetite, the AI infrastructure investment logic remains fundamentally unchanged.
The market continues to watch:
NVDA｜AMD｜AVGO｜MU｜SNDK｜MRVL
and also:
MSFT｜META｜AMZN｜GOOG
for AI capital expenditure by large tech companies.
If US Treasury yields fall later, AI and tech stock risk appetite may regain support; if yields continue to rise, high-valuation tech stocks may continue to face pressure.
05. September Market Enters Traditional Volatility-sensitive Phase
September is usually a period when the US stock market needs to pay close attention to volatility risks.
In the current environment of high valuations, relatively high bond yields, and geopolitical risks, the market may be more sensitive to:
Employment｜Inflation｜Federal Reserve policy｜Crude oil｜US Treasury yields
6. Today’s Focus
The market’s six key themes to watch are:
US Treasury yields｜Oil prices｜Federal Reserve policy｜Geopolitics｜AI and semiconductors｜Tech stock valuations
Key tech stocks to watch:
NVDA｜AAPL｜MSFT｜META｜AMZN｜TSLA｜SNDK
The current market environment clearly shows the characteristics of:
"High interest rates + High oil prices + High valuations"
If US Treasury yields rise further, growth stock valuations may continue to be pressured; if oil prices fall and yields decline, it will be favorable for improving tech stock risk appetite.
Within the AI industry chain, the market may further shift from "overall rising" to "fundamental differentiation."
7. Today’s Time Period Reminders
US Stock Trading Hours
21:30–04:00 (Beijing Time)
During regular US stock trading hours, market liquidity and trading activity are usually higher.
Pre-market and After-hours
16:00–21:30 / 04:00–08:00 (Beijing Time)
Liquidity is relatively lower; before and after major economic data releases, policy announcements, and company disclosures, watch for rapid price fluctuations and changes in order book liquidity.
September 2 is Wednesday, with normal US stock trading.
Savicoin US stock perpetual contracts are continuous trading products. Price fluctuations may still occur during US stock market closures or non-main trading hours.
Key points to monitor:
Liquidity｜Price deviations｜Mark price｜Overnight volatility｜Gap risk at next trading session
Actual trading times and market conditions are subject to the Savicoin platform display.
8. Risk Warning
US stock perpetual contracts are leveraged trading products with potentially large price fluctuations.
The current market is influenced by multiple factors, including:
US Treasury yields, crude oil prices, geopolitics, Federal Reserve policy, and tech stock valuations
Large tech companies, AI, and semiconductor sectors may experience significant volatility in a high-valuation environment.
Please manage positions and leverage prudently, and fully consider market liquidity, price volatility, liquidation, and leveraged trading risks.
9. Disclaimer
This article is for market information reference only and does not constitute any investment or trading advice.
Related market data are sourced from public markets and the Savicoin platform; different data sources may have price and timing discrepancies.
Savicoin US stock perpetual contracts are continuous trading products; their actual transaction prices, mark prices, and settlement prices may differ from the corresponding US stock spot market prices.
Users should make independent judgments based on their own situations and bear related trading risks themselves.
The Savicoin Team
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