Breaking: Fed Chair Warsh reiterates he is not going to give forward guidance

TradingKey - U.S. stocks fell as stalled U.S.-Iran talks pushed oil prices and Treasury yields higher. The S&P 500 and Nasdaq Composite dropped to their lowest levels in more than a week, while the Dow approached a three-month low.

U.S. stocks fell across the board on Monday, weighed down by news of OpenAI slowing model training and a sharp rise in U.S. Treasury yields. AI hardware stocks faced a sell-off, with memory, chip, and optical communication stocks leading the declines.

On September 28, Eastern Time, Tesla (TSLA) shares fell 3%, with the company expected to release its third-quarter 2026 delivery figures on October 2. Investment banks JPMorgan and Goldman Sachs both lowered their delivery forecasts, primarily due to weaker-than-expected performance in the U.S. and Chinese markets. Additionally, the Trump administration's plan to relax fuel efficiency standards has introduced policy variables to its automotive business.

TradingKey - In the coming week (September 28 to October 2, ET), US markets will face the most concentrated macroeconomic data window between late September and early October. Key reports—including the US August PCE Price Index, September Nonfarm Payrolls report, ADP employment, JOLTS job openings, and the ISM Manufacturing Index—will be released in succession, providing fresh evidence for the market to gauge the Federal Reserve's next interest rate path.

TradingKey - Micron Technology (MU) will release its fourth-quarter fiscal 2026 financial results after the market close on September 30, Eastern Time, and host an earnings conference call at 16:30 on the same day.