Both official Nasdaq calendars support a regular United States trading session today.
CAMS Morning Market Brief.
Wednesday, September 23, 2026.
Good morning.
Both official Nasdaq calendars support a regular United States trading session today.
Wall Street futures were little changed early Wednesday after the Nasdaq finished Tuesday at a record. The Nasdaq gained about 0.5%, the S and P 500 was flat, and the Dow fell about 0.4%. Five S and P 500 sectors rose while six fell. Materials and chip stocks each gained about 2%, while financials fell about 2%. That split left the market positive at the surface but uneven underneath.
The main cross-asset story is the retreat in oil and Treasury yields. At 3 Eastern time, the ten-year Treasury yield was 4.947%, and the two-year yield was 4.758%. November Brent crude was $98.49 a barrel, while W T I crude was $89.41. Saudi Arabia restarted its East-West Pipeline, and Iraq said exports were running above 3 million barrels per day. Improving supply can ease some inflation pressure, but the diplomatic path remains unsettled.
The dollar moved in the other direction. The dollar index reached 100.79, its strongest level in two months. A firm dollar and elevated yields remain important checks on global risk appetite even as cheaper crude offers relief.
The session has several scheduled tests. Preliminary United States manufacturing and services purchasing managers indexes are due at nine forty-five Eastern time. Federal Reserve Governor Michael Barr is scheduled to speak five minutes after ten Eastern. General Mills plans to report fiscal first-quarter results this morning, with its question and answer session at 9 Eastern time. Paychex plans to report before the open and hold its call at half past nine Eastern.
The opening question is whether lower oil and yields can broaden participation beyond chip leadership. Stable crude, a ten-year yield below 5%, and firmer participation across rate-sensitive groups would support a more balanced tape. A renewed move higher in oil, yields, or the dollar would make the record Nasdaq close less comfortable.
Market analysis, not personalized investment advice.
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