Stock Market News for Sep 4, 2026

U.S. equities rallied Thursday as falling Treasury yields dampened Federal Reserve rate-hike expectations. The Dow Jones Industrial Average climbed 1.2%, the Nasdaq Composite added 1.4%, and the S&P 500 gained 1.1%.

SNOW and HPE drove momentum with strong quarterly earnings, though neither company's specific results were detailed in the source. Economic data painted a mixed picture: initial jobless claims ticked higher while the trade deficit came in wider than forecasts.

The yield decline reversed recent pressure on risk assets, particularly benefiting rate-sensitive technology names reflected in the Nasdaq's outperformance. Materials (XLB) and communication services (XLC) sectors participated in the broad-based advance as the 10-year Treasury yield retreat reduced discount-rate headwinds across equities.

The session underscored the market's sensitivity to rate trajectory, with equity multiples expanding as bond yields compressed globally. Thursday's move suggests traders are repricing Fed terminal rate expectations lower, though the durability of the shift depends on incoming inflation and employment data.