US Stock Market Today: S&P 500 Futures Slip As Hot Growth Fuels Inflation Worries
The Morning Bull - US Market Morning Update Friday, Sep, 25 2026
US stock futures are pointing lower this morning as investors weigh hot US growth data against fresh pressure from rising borrowing costs. The S&P Global US Manufacturing PMI hit 57.0 in September and the Services PMI climbed to 58.7, both signaling strong business activity and more hiring. The catch is that companies also reported higher input costs and selling prices, which hints at sticky inflation. At the same time, the average 30 year mortgage rate has moved to 7.12%, which keeps housing under strain. The key question now is whether this mix hurts rate sensitive areas like real estate and small caps more than it helps economically sensitive sectors.
With growth running hot and borrowing costs pressing higher, many investors are quietly rotating toward 30 resilient stocks with low risk scores that may hold up better if rate pressure continues to affect sensitive sectors.
Top Movers
- Everpure (P) jumped 11.15% after a wave of analyst day price target hikes and an upbeat long term outlook.
- Nebius Group (NBIS) gained 7.44% as BNP Paribas upgraded the stock and raised its price target.
- Illumina (ILMN) rose 7.25%.
Is Nebius Group still a smart investment or just hype? Read our most popular narrative and get all the answers you need.
Top Losers
- First Solar (FSLR) fell 10.32%.
- TD SYNNEX (SNX) declined 9.87% despite reporting stronger earnings and updating guidance, dividend, and buyback activity.
- Arm Holdings (ARM) dropped 7.88% as traders reacted to SoftBank's larger Arm backed margin loan used for AI bets.
Look past the noise - uncover the top narrative that explains what truly matters for TD SYNNEX's long-term success.
On The Radar
Global manufacturing and confidence readings remain in focus as traders digest hotter US PMI data and stubbornly high mortgage costs.
- Dallas manufacturing The Dallas Fed Manufacturing Index on Monday will test how US factory sentiment aligns with the hot PMI readings.
- Japan policy readout The BoJ Monetary Policy Meeting Minutes on Sunday may clarify thinking on yields, yen moves, and global rate differentials.
- India output pulse India Industrial Production and Manufacturing Production on Monday will shape expectations for global demand and supply chain resilience.
- Mexico trade gauges The Mexico Balance of Trade release on Monday offers another check on cross border flows and external demand trends.
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Don't Wait For The Winners, Find Them
Spotting tomorrow's leaders often means focusing on resilience when everyone else is chasing heat. This window rarely stays open for long, so tap into list of solid balance sheet and fundamentals (24 results) built to weather tougher rate conditions and keep their fundamentals front and center.
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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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