Morning Preview: September 17, 2026

Early Look

Thursday, September 17, 2026

U.S. stock futures are rebounding while Treasury yields are falling as Wall Street reacts to yesterday’s FOMC rate hike where they raised interest rates by 25 basis points to 3.75%-4.00%, its first increase in more than three years. US stocks whipsawed lower on Wednesday after the Federal Reserve raised its key interest rate for the first time since 2023 to fight stubbornly high inflation stemming from soaring crude oil prices during the US-Israeli war on Iran. In its accompanying statement, the Fed said its decision was unanimous and more tightening is likely in the near future to effect a timelier drop in inflation.

In his subsequent press conference, Fed Chair Kevin Warsh said the US economy has strengthened since the last Fed meeting, but the inflation trend has shown little improvement. U.S. Treasury yields were mostly higher after the Federal Reserve raised interest rates and flagged further increases in borrowing costs in the coming months to control inflation. Two-year Treasury yields hit 4.744%, their highest level since July 2024. The 10-yr yield settled at 5%, but dips slightly this morning. Oil prices are pulling back and technology stocks are rebounding with the Nasdaq up over 1%.

In Asian markets, The Nikkei Index rose 213 points to 64,136, the Shanghai Index fell -16 points to 3,875, and the Hang Seng Index dropped -109 points to 24,604. In Europe, the German DAX is up 130 points to 25,667, while the FTSE 100 gains 21 points to 10,709. Oil prices add to yesterday’s losses as reports of additional Saudi crude cargoes through Oman eased supply concerns, though prices stayed above $100 a barrel on fears the Middle East conflict could widen. Investors will focus today on initial jobless claims, the Pending Home Sales Index, and Housing Starts and Permits for further clues on the economy.

@Bluekurtic noted on X last night after the Fed hiked rates by 25bps, “For the first time since Alan Greenspan’s Fed in 1997, the S&P 500 $SPX closed lower on the day of the first rate hike of a new tightening cycle. May be fifth time was too much to ask. Especially after a record rally after Jerome Powell’s hike in 2022.”

• The Dow Jones Industrial Average fell -631.21 points, or 1.21%, to 51,461.90
• The Nasdaq Composite slipped -3.15 points, or 0.01%, to 25,978.43
• The Russell 2000 Index declined -11.47 points, or 0.40% to 2,858.81

• 8:30 AM ET                  Continuing Claims…est. 1.78M (prior 1.774M)
• 8:30 AM ET                  Housing Starts M/M for August…est. 1.41M (prior 1.433M)
• 8:30 AM ET                  Building Permits M/M for August…est. 1.309M (prior 1.2339M)
• 8:30 AM ET                  Philly Fed Business Index for September…est. 30.5 (prior 47.4)
• 10:00 AM ET                Pending Home Sales M/M for August…est. (-0.6%)
• 10:30 AM ET                Weekly EIA Natural Gas Inventory Data

• Earnings After the Close: None

• Bank America 2026 Global Real Estate Conference, 9/15-9/17
• Oppenheimer 4th Annual Targeted Radiopharma Therapies in Oncology Summit, 9/17 in New York
• Wells Fargo PP Texas Power & Gas Tour, 9/16-9/17, in Houston, TX

• The bull-bear spread in the American Association of Individual Investors (AAII) weekly survey was -24.6% vs -1.3% last week. Bulls dropped to 28.8% to from 38%, Neutrals dropped to 17.9% from 22.7%, Bears rise to 53.3% from 39.3%.

• Costco (COST) said it’s partnering with DoorDash (DASH) to offer delivery from its U.S. warehouse stores. DoorDash already offers Costco delivery in a few markets, including Australia, Sweden and Puerto Rico.
• Lennar Corp. (LEN) Q3 EPS $1.23 vs. est. $1.29; Q3 revs fell -8.67% y/y to $8.05B vs. est. $8.31B; Q3 new orders decreased 9% to 20,879 homes; Q3 average sales price of homes delivered $372,000; has backlog of 16,857 homes with dollar value at $6.3B; Q3 home sales gross margin narrowed 1.7% points to 15.8%; deliveries guidance 22,000-23,000 homes, average sales price guidance $370,000-$380,000, and new orders guidance 19,500-20,500 homes
• Lyft (LYFT) downgraded to Neutral at Guggenheim and cut tgt to $16 from $22 driven by lower second half of 2027 volume forecasts coupled with what it sees as a limited catalyst path ahead.
• Yeti (YETI) unveils long-term growth strategy and financial framework at 2026 investor day as targets mid- to high-single-digit annual net sales growth through fiscal 2030; targets low-double-digit to high-teens annual adj EPS growth in long-term.

• AerSale (ASLE) announced the lease of a Boeing 757-200PCF aircraft to Jupiter Jet, a Kazakhstan-based cargo airline expanding its regional and international freight operations.
• CACI (CACI) has received a one-year plus four option periods award to support U.S. Central Command and its mission partners across a changing mission environment. The award has a ceiling of $1.5B. CACI expects to book $1.2B of the total awarded value.
• Fluence Energy (FLNC) announces revised guidance for fiscal year 2026; revises FY26 revenue guidance to $2.40B from prior midpoint of $3B and revises FY26 adj EBITDA loss guidance to $200M from prior $10M loss saying update comes due to supply chain issues.
• Generac (GNRC) shares surge over 30% after news it will provide backup generators for Amazon (AMZN) Data Centers, up to a total of $8B; Generac initial deliveries of generators expected to total $2.4B in 2027 and 2028; GNRC issued to Amazon.com investment holdings LLC, a warrant to acquire up to 1,693,745 shares at exercise price $200.9266 per share.
• HawkEye 360 (HAWK) upgraded to Buy from Neutral at Bank America while lowering tgt to 423 from $34 noting space and defense tech peers have sold off in recent weeks, while the firm argues that HawkEye’s Q2 results demonstrated strong growth and its $292M backlog provides visibility to 2026 targets.

• Bitdeer (BTDR) August production and operations update shows Bitcoin production increased 249% Y/Y to 1,310 Bitcoins; secured 100% contracted GPU capacity for its 9.5 MW A102 facility in Malaysia ahead of energization through long-term commitments, representing more than $800 million in total expected revenue.

• Boston Scientific (BSX) was downgraded to Neutral from Buy at Citigroup and cut tgt to $50 from $57 noting the company faces a more mature U.S. pulsed field ablation market with increased competition along with a stagnating left atrial appendage closure market.
• Haemonetics (HAE) upgraded to Buy from Neutral at Citigroup and raised tgt to $123 from $92 citing potential upside from the company’s non-exclusive supply agreement with CSL.
• Halozyme Therapeutics, Inc. (HALO) announces proposed offering of $1.05B of convertible Senior notes due 2033.

• Hut 8 (HUT) initiated with an Overweight at Wells Fargo and $175 price target at Wells Fargo saying the company’s contracted backlog is among the highest quality in the space, and has 949 megawatts of critical IT capacity contracted with two different tenants across two campuses.
• Huawei Technologies plans to launch two new AI chips in 2027 as it expands its AI computing business and challenges Nvidia (NVDA). Chairman David Wang said the 950DT is planned for Q1, followed by the Ascend 960PR in Q3, accelerating the previously disclosed roadmap for the Ascend 960.
• Micron Technology (MU) unveiled its new semiconductor assembly and test facility in Gujarat, India, to meet growing global demand for memory and storage driven by AI. The facility represents a combined investment of ~$2.75B by Micron and its government partners, advancing semiconductor manufacturing capabilities in India.
• Nebius Group (NBIS) shares rise after reports the company has raised prices for several of its Computing services; NBIS is said to increase prices for several on-demand GPU resources from Oct. 1, with the changes affecting Nvidia’s (NVDA) H100, H200, B200, and B300 chips, according to the communication.
• Palo Alto Networks (PANW) was downgraded to Market Perform from Outperform at Bernstein but raise tgt to $351 from $253 noting cybersecurity investor sentiment has swung back to positive as the demand signals continued to point up in its mid-year CISO and CIO surveys and further boosted by recent increasing discussion about slowing AI Lab progression due to cyber risk
• Vicor’s (VICR) shares rise after the power-component maker announced a licensing agreement tied to its technology for high-performance artificial intelligence processors.
• Wolfspeed Inc (WOLF) files for offering of up to 58,148,889 shares of common stock by the selling stockholders – SEC filing