US Treasury’s Bessent: Impact of government shutdown on economy is worsening

TradingKey - On Thursday (September 3) Eastern Time, futures on the three major U.S. stock indexes were mixed in pre-market trading. Global bond yields pulled back from highs, while U.S. Treasuries extended gains from the previous session, with the 10-year Treasury yield holding largely stable around 4.77%. U.S. ADP employment data for August came in below expectations, shifting market focus further toward Friday's non-farm payrolls report to assess the Federal Reserve's next monetary policy path.

TradingKey - In U.S. pre-market trading on September 3, futures on the three major stock indices were mixed. As of press time, Dow futures were up 0.2%, S&P 500 futures gained 0.06%, and Nasdaq futures fell 0.07%.

TradingKey - The U.S. Bureau of Labor Statistics will release the August nonfarm payrolls report at 8:30 AM Eastern Time on September 4. Following hawkish signals from Federal Reserve Chair Warsh at Jackson Hole and rising international oil prices reigniting inflation concerns, this employment report will be one of the most critical macroeconomic data points ahead of the September FOMC meeting.

Shares of Broadcom (AVGO) fell as much as 6% after the company reported its third-quarter fiscal 2026 financial results on September 2, Eastern Time. As of press time, the decline narrowed to 3.49%, with the stock trading at $354.43. During the period, Broadcom's revenue surged 86% year-over-year to $29.591 billion, topping market expectations of $29.4 billion and sustaining its rapid growth driven by AI demand.

TradingKey - On the first trading day of September, U.S. stock futures moved lower across the board in pre-market trading. As of press time, Dow Jones Industrial Average futures and S&P 500 futures both fell by about 0.55%, while Nasdaq 100 futures dropped approximately 1.05%. Rising oil prices, higher U.S. Treasury yields, and heightened tensions in the Middle East combined to weigh on risk appetite.