US stock futures are showing an upward trend as of Monday, August 24, 2026, with E-mini S&P 500 contracts increasing by approximately 0.4% and Nasdaq-100 futures up roughly 0.3%. This movement occurs as the US 10-year Treasury yield approaches a 20-month high of 4.74%, indicating that borrowing costs for mortgages, credit cards, and business loans remain elevated.
The US Composite PMI, which measures economic activity, stands at 56. This figure is supported by a services PMI of 56.8 and a manufacturing PMI of 53.2, signaling economic growth primarily driven by services companies. Investors are currently evaluating whether this combination of strong growth and higher borrowing costs will favor cash-rich technology and large-cap companies over sectors more sensitive to interest rates, such as utilities and real estate.
Among individual stocks, Robinhood Markets saw a significant jump of 13.70% after President Trump mentioned the Clarity Act in connection with crypto platforms. Moderna also experienced an increase of 8.86% following multiple analysts raising price targets due to positive Phase 3 data for melanoma. Southern Copper rose by 8.69%.
Conversely, Alibaba Group Holding declined by 8.57% after its quarterly earnings report revealed lower net income and profit per share. Cerebras Systems fell by 6.54%, and Marvell Technology slipped by 5.57% despite recent positive sentiment surrounding expanded AI chip partnerships.
Attention will also be on upcoming earnings reports from major US software and AI companies over the next two trading days. PDD Holdings is scheduled to report Q2 2026 results pre-market today, with focus on consumer spending trends. Zoom Communications will post Q2 2027 earnings on Tuesday after market, followed by Intuit’s Q4 2026 results, which will highlight tax and small business software trends. Williams Sonoma is set to report Q2 2027 results pre-market Wednesday, providing insights into demand for higher-ticket home goods. NVIDIA, Salesforce, CrowdStrike, Veeva, and Okta are also scheduled to report on Wednesday, offering a comprehensive view of enterprise and AI software spending.
