US Stock Market Today: S&P 500 Futures Rise On Cooler Yields And Firm PMI Data
The Morning Bull - US Market Morning Update Tuesday, Jul, 28 2026
US stock futures are pointing higher this morning, with E mini S&P 500 contracts up about 0.9% and Nasdaq 100 futures ahead roughly 1.6%. The move comes as the US 10 year Treasury yield sits near 4.64% after an overnight pullback in oil, which eases some pressure on borrowing costs and energy bills. At the same time, fresh US PMI readings around 53 to 54 show services and manufacturing activity still expanding, which suggests businesses are busy but also still facing cost pressures. The key question for investors is whether this mix of cooler yields and firm growth keeps supporting tech heavy indices and more rate sensitive areas such as real estate and utilities.
With tech, real estate and utilities in focus as yields shift, this is a smart moment to zero in on 84 resilient stocks with low risk scores.
Top Movers
- Shopify (SHOP) jumped 11.54% after RBC highlighted strong software defensibility using its new TCO model.
- Atlassian (TEAM) gained 10.35%.
- Workday (WDAY) rose 9.01% following RBC commentary on AI driven software displacement and vendor defensibility.
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Top Losers
- Sandisk (SNDK) fell 11.02% after recent target changes and mixed headlines around memory and AI chips.
- Venture Global (VG) declined 10.41% as traders reacted to headlines around its energy infrastructure projects.
- Lumentum Holdings (LITE) dropped 6.69% after the company announced its president will depart.
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On The Radar
Big Tech earnings and a packed US corporate calendar sit in the spotlight alongside closely watched GDP and inflation data.
- Megacap Tech: Reports from Microsoft (MSFT), Meta Platforms (META) and QUALCOMM (QCOM) on Wednesday will shape views on AI and digital spending.
- US Growth Pulse: Upcoming US GDP and PCE data over the next few days will frame how resilient current PMI strength looks.
- Consumer and Payments: Quarterly updates from Apple (AAPL), Visa (V) and PayPal (PYPL) on Wednesday and Thursday spotlight spending trends and transaction volumes.
- US Earnings Wave: Broad Q2 reports from companies such as Amazon.com (AMZN) and Ford Motor (F) will highlight sector specific demand and cost patterns.
- Utilities and Yield Sensitives: Results from American Electric Power (AEP), Exelon (EXC) and FirstEnergy (FE) this week give context for income oriented investors as Treasury yields shift.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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