Pre-Market Update — Friday, August 28, 2026

Pre-Market Pulse: Risk tone is cautiously mixed — Dow futures lead, Nasdaq lags marginally, with crude sliding and silver ripping.

Overnight Action

European tape is the standout: DAX +0.94% and Euro Stoxx 50 +0.80% shrugging off a soft FTSE 100 print at -0.65%. Asia finished bid — Nikkei +0.41%, Hang Seng -0.27%. US futures are drifting into the open: ES +0.10% at 7,750, YM +0.19%, NQ -0.13%, RTY flat. Commodities are the story — WTI -0.96% to $82.73, Brent -0.88%, Gold -0.42%, but Silver +1.45% to $71.26. Crypto quiet: BTC $79,340, ETH $2,495.

Movers Before the Bell

Framing note: pre-open volumes are thin — outsized single-name moves can compress or reverse at 9:30.

• ▸$AMD -0.85% to $472.61 — the biggest laggard among mega-cap semis, extending soft chip sentiment while $NVDA sits flat at $227.71.
• ▸$COIN -1.45% to $188 — tracking the crypto malaise; nothing broken on BTC, but leverage names bleeding first.
• ▸$AAPL +0.51% to $316.20 — quietly leading Big Tech, helping the Dow futures outperform.
• ▸$TSLA +0.31% to $356, $META +0.39%, $AMZN +0.43%, $GOOGL +0.40% — a coordinated mega-cap bid, though nothing decisive.
• ▸$USO -1.00% to $128.71 — energy complex under pressure into the weekend as crude gives back.
• ▸Watch $LCID and $SMR on headline flow — separate stories flagged overnight on Lucid weakness and NuScale's reactor deal structure.

Game Plan

$SPY last $772.05, prev close $771.10.

• ▸Resistance: $773.50 (gap-fill from Thursday intraday high zone)
• ▸Pivot: $771.00 (prev close — the line in the sand)
• ▸Support: $768.80 (yesterday's afternoon shelf)

Trade idea: Fade strength into $773.50 if breadth stays mixed and $AMD/$NVDA can't bid; conversely, a hold above $771 with silver leadership argues for a grind toward $774+. $QQQ at $720.40 is the tell — losing $719 opens $716.

Sunday Night Futures — for informational purposes only. Not investment advice.