US Stock Market Today: S&P 500 Futures Stall On Inflation Jitters And Fed Uncertainty

The Morning Bull - US Market Morning Update Wednesday, Aug, 12 2026

US market futures are mixed this morning, with E-mini S&P 500 contracts flat around 7,776 and Nasdaq 100 futures slightly higher. The key driver is the climb in global government bond yields, including the US 10 year near 4.7%, as higher oil prices raise worries that inflation could stay uncomfortable for longer. Higher yields mean borrowing costs for households and companies remain relatively tough. At the same time, investors are fixated on upcoming US CPI and PPI inflation reports, which are reshaping expectations for potential Federal Reserve rate cuts and putting interest rate sensitive sectors such as banks, real estate and utilities under the microscope.

With inflation worries back in focus and rates staying elevated, many investors are shifting toward 85 resilient stocks with low risk scores.

Top Movers

• Sea (SE) surged 14.56% after Sea reported higher Q2 revenue and earnings and beat estimates.
• Everpure (P) jumped 11.63% after multiple analyst upgrades and a new hyperscaler design win.
• KKR (KKR) gained 6.88% after joining Nvidia's planned US$500b AI infrastructure financing partnerships.

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Top Losers

• Venture Global (VG) fell 7.29% after Q2 results and commentary on revenue expectations pressured sentiment.
• Amer Sports (AS) declined 6.41%.
• AppLovin (APP) dropped 5.99% after BofA downgraded the stock to Neutral and cut its price target.

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On The Radar

Earnings will dominate the next few sessions, with several large tech, hardware and consumer-facing companies set to report.

• Cisco Systems (CSCO) reports Q4 2026 today, and its networking orders and backlog will help frame enterprise IT spending.
• Applied Materials (AMAT) posts Q3 2026 results on Thursday, providing a read on semiconductor equipment demand and capacity plans.
• Nu Holdings (NU) reports Q2 2026 on Thursday, with credit quality and customer growth key for Latin American fintech appetite.
• Consumer brands such as Tapestry (TPR) on Thursday pre-market highlight discretionary spending trends and any comments on pricing power.
• US inflation focus remains elevated around upcoming CPI and PPI, informing expectations for the Fed funds rate path.

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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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