TEBBIT US Stock Perpetual Daily Report｜September 1, 2026 (Tuesday UTC+8)
Data as of:September 1, 2026 08:00
Corresponding US Stock Trading Day:August 31, 2026
1. Overnight US Stocks
On August 31, the US stock market retreated in the month-end trading session as investors continued to digest the Jackson Hole meeting and Federal Reserve Chair Kevin Warsh's hawkish policy signals, while the market remained highly attentive to the inflationary pressures brought by the Middle East situation and rising oil prices.
That day, escalating military conflicts between the US and Iran pushed international oil prices significantly higher, with Brent crude oil prices rising above $90 per barrel, raising market concerns that higher energy prices could further boost inflation and increase pressure on the Fed to maintain high interest rates or even raise rates further.
Meanwhile, Warsh's speech at Jackson Hole continued to influence the market.
The market's expectations for the Fed's September meeting interest rate policy have clearly shifted to caution, with traders pricing the probability of a September rate hike at over 60%.
Affected by interest rate expectations and rising oil prices, the three major US stock indices collectively fell on August 31:
Dow Jones Industrial Average:53,185.90 points (down -374.09 points,-0.70%)
S&P 500:7,686.14 points (down -25.62 points,-0.33%)
Nasdaq Composite Index:26,370.89 points (down -31.54 points,-0.12%)
Despite the market decline that day, the three major indices still recorded gains for the entire month of August. The Nasdaq, supported by AI and large tech stocks, rose approximately 3.9% for August; the S&P 500 rose about 2.6%, and the Dow Jones index rose for the fifth consecutive month.
2.TEBBIT Perpetual Contract Market
| TEBBIT Perpetual Assets | Corresponding US Stock Assets | Closing Reference Price on August 31 | Daily Change |
| NVDAUSDT | NVIDIA | $220.37 | +1.30% |
| TSLAUSDT | Tesla | $367.95 | +5.50% |
| AAPLUSDT | Apple | $319.23 | -0.15% |
| MSFTUSDT | Microsoft | $510.18 | -0.65% |
| AMZNUSDT | Amazon | $258.47 | -2.99% |
| METAUSDT | Meta Platforms | $571.73 | -1.09% |
| SNDKUSDT | SanDisk | $1,467.07 | -1.21% |
| SPYUSDT | SPDR S&P 500 ETF | $765.65 | -0.48% |
Data Explanation
This table references closing prices and daily changes, all based on **regular US stock trading hours on August 31, 2026 (US Eastern Time 09:30–16:00)** for the corresponding stocks/ETFs data.
TEBBIT USDT perpetual contracts are continuous trading products; actual transaction prices, mark prices, and settlement prices may be affected by pre-market, after-hours, and market closure volatility, and therefore may differ from the corresponding spot prices.
3. Market Observation
On August 31, the market focus further shifted to:
Warsh’s Policy Signals｜Fed Rate Hike Expectations｜Oil Prices｜Geopolitical Risks｜US Treasury Yields｜Tech Stock Valuations
After the Jackson Hole meeting, market judgment on the Fed’s future policy path clearly became more cautious.
Warsh’s emphasis on inflation risks prompted the market to reassess the September rate decision.
Meanwhile, the Middle East situation pushed oil prices sharply higher, further increasing inflationary pressures.
Rising oil prices → Higher inflation expectations → Reduced Fed rate cut space → Higher US Treasury yields → Pressure on high-valuation tech stocks
This has become an important trading logic in the current market.
However, the AI industry fundamentals remain strong.
NVIDIA’s strong earnings continue to support the long-term AI investment thesis, and large tech companies such as Amazon, Microsoft, and Meta continue to increase investments in AI infrastructure.
Therefore, the current market is not purely in a full risk-off mode but is characterized by:
Rising macro interest rate pressure｜Strong AI fundamentals｜Continued sector internal differentiation
4. Key Asset｜NVDAUSDT
NVDA remains an important directional indicator for the global AI and technology sectors.
NVIDIA FY2027 Q2 core results:
• Revenue: $96.221 billion ｜ YoY +106%
• Data Center Revenue: $89.0 billion ｜ YoY +117%
• Non-GAAP EPS: $2.22
• GAAP Gross Margin: 75.0%
• Q3 Revenue Guidance: $108 billion ±2%
• Q3 Gross Margin Guidance: 74.0% ±0.5 percentage points
After NVIDIA’s earnings release on August 27, the stock surged sharply, then pulled back on August 28, and rose again on August 31 to $220.89, up about 1.54%.
The market is currently continuing to focus on:
• AI data center demand
• Vera Rubin ramp-up progress
• Large tech companies’ AI capital expenditures
• Data center business growth rate
• Gross margin changes
• Q3 revenue realization
• AI chip orders and supply situation
• Whether NVIDIA’s subsequent growth can continue to materialize
The trading logic for NVIDIA has gradually shifted from a pure “earnings beat” to:
AI demand sustainability｜Capital expenditure｜Profit growth｜Valuation levels｜Earnings realization
NVDA’s future trend may also impact semiconductor stocks such as AMD, MU, SNDK, MRVL, and AVGO, and further affect overall Nasdaq risk appetite.
5. Key News on August 31
1｜US Stocks Impacted by Rising Oil Prices and Geopolitical Risks
On August 31, military conflicts between the US and Iran led to a decline in market risk appetite.
International oil prices rose significantly, with Brent crude oil breaking above $90 per barrel.
The market worries that rising energy prices could push inflation higher again and further limit the Fed’s future rate cut space.
Key focuses:
• Oil prices
• US inflation
• US Treasury yields
• US dollar index
• Geopolitical risks
• Federal Reserve policy
2｜September Rate Hike Expectations Rise Significantly
Warsh’s speech at Jackson Hole continues to influence the market.
After emphasizing inflation risks, the market’s expectations for a Fed rate hike at the September meeting have risen significantly, with the probability of a 25 basis point hike now exceeding 60%.
This means the market may pay more attention to:
CPI｜Employment Data｜Core Inflation｜Wage Growth｜US Treasury Yields
If future data fails to show inflation continuing to fall toward the 2% target, the Fed may continue to maintain a relatively tight policy.
3｜AI Sector Fundamentals Remain Strong
Although macro interest rate pressures have increased, the AI investment thesis remains fundamentally unchanged.
NVIDIA’s latest earnings show:
Revenue of $96.221 billion, up 106% year-over-year
Data center business reached approximately:
$89.0 billion, up 117% year-over-year
Strong performance continues to support AI infrastructure investment logic.
Market continues to focus on:
NVDA｜AVGO｜MU｜SNDK｜MRVL｜AMD｜MSFT｜META｜AMZN
Among these, NVIDIA and Sandisk showed strong performance on August 31, with Sandisk rising about 5.66%, indicating that some AI, storage, and semiconductor capital remains active.
4｜Large Tech Stocks Continue Divergent Performance
On August 31, the tech sector showed clear performance differences.
NVIDIA rose about 1.54%, Tesla about 5.64%, Sandisk about 5.66%, and Amazon about 3.97%.
In contrast:
Apple -1.05%｜Microsoft -about1.13%｜Meta -about0.14%
Market funds have not fully exited tech stocks but continue to concentrate on AI, semiconductor, and some high-growth names.
5｜Overall Strong US Stock Performance in August
Although US stocks closed lower on August 31, major indices still posted gains for the entire month.
The S&P 500 rose about 2.6% in August, the Nasdaq rose about 3.9%, and the Dow Jones rose about 1.3% for the fifth consecutive month.
This indicates that overall market risk appetite has not fully weakened.
The biggest variables remain:
Whether AI fundamentals can continue to materialize｜Whether the Fed hikes｜Whether oil prices continue to rise｜Whether US Treasury yields break key levels
6. Today’s Focus
Entering September, the market’s key focuses are five main themes:
Fed policy｜US inflation｜Oil prices and geopolitical risks｜NVIDIA and AI｜US Treasury yields
Tech sector key focuses:
NVDA｜META｜MSFT｜SNDK｜AMZN｜TSLA
Among these, NVDA remains the most important directional indicator for the AI and semiconductor sectors.
If oil prices continue to rise and further push up inflation expectations, US Treasury yields may continue to climb, and high-valuation tech stocks may face valuation pressure.
If subsequent inflation data shows significant improvement and the labor market cools, market expectations for a Fed policy shift may re-emerge, benefiting tech and growth stock valuations.
Therefore, in September the market may gradually shift from purely AI earnings trading to a trading environment driven by:
AI fundamentals + interest rate expectations + inflation + geopolitical risks
combined.
7. Today’s Trading Hours Reminder
US Stock Trading Hours｜21:30–04:00 (Beijing Time)
Market liquidity and trading activity are usually higher during this period.
Pre-market & After-hours｜16:00–21:30 / 04:00–08:00
Liquidity is relatively lower; be cautious of rapid price fluctuations around major economic data releases, earnings reports, and macro events.
Regular US Stock Trading Days
September market resumes normal trading rhythm.
Focus on US economic data, Fed policy expectations, and large tech stock movements.
TEBBIT US Stock Perpetual Contracts
Actual trading times and market prices are subject to the display on theTEBBIT platform page.
During US stock spot market holidays, related perpetual contracts may still trade continuously; pay close attention to market liquidity, price deviations, and potential gap risks on the next trading day.
8. Next Week’s Market Focus
Entering September, market focus may further shift to:
US employment data｜Inflation data｜Fed September meeting｜US Treasury yields｜AI capital expenditures｜Semiconductor sector｜Oil prices and geopolitical risks
Among these, the Fed September meeting will be one of the core macro events for the market.
If inflation remains above target, the Fed may maintain a tight policy or even raise rates further.
If inflation cools significantly, the market may reprice easing expectations.
Meanwhile, NVIDIA’s post-earnings stock performance and whether AI capital expenditures continue to grow will determine if the tech sector fundamentals can offset valuation pressures from the high interest rate environment.
9. Risk Warning
US stock perpetual contracts are leveraged trading products, and prices may experience significant volatility.
Earnings reports from large tech companies, US economic data, Fed policy signals, crude oil prices, geopolitical events, and changes in US Treasury yields can all have significant market impacts.
Especially around Fed meetings, CPI, employment data, and major geopolitical events, the market may experience rapid price and liquidity changes.
Please manage position sizes and leverage prudently, and fully consider market liquidity, price volatility, and leveraged trading risks.
10. Disclaimer
This article is for market information reference only and does not constitute any investment or trading advice.
Relevant market data are sourced from public markets and the TEBBIT platform; different data sources may have price and timing discrepancies.
TEBBIT US stock perpetual contracts are continuous trading products; their actual transaction prices, mark prices, and settlement prices may differ from the corresponding US stock spot market prices.
Users should independently judge based on their own situation and bear related trading risks.
TEBBIT Team