US Stock Market Today S&P 500 Futures Edge Lower As Inflation Jitters Build

The Morning Bull - US Market Morning Update Friday, May, 29 2026

US stock futures are slightly softer this morning, with S&P 500 contracts edging down around 0.1% while volatility gauges like VIX futures tick higher. The main focus is the US PCE price index, which is expected to rise 0.5% in April and 3.8% over the year. This is seen as a sign that the cost of living may still be running hotter than central bankers might prefer. At the same time, higher US 10 year yields above 4.5% and mortgage rates near 6.65% are keeping pressure on housing and other interest rate sensitive areas. This is leaving investors asking whether rate exposed sectors such as real estate and utilities will stay under pressure while economically sensitive groups like manufacturers and service providers adjust to tighter financial conditions.

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Top Movers

• Snowflake (SNOW) jumped 36.48% after a strong Q1 report and a wave of analyst upgrades.
• Agilent Technologies (A) gained 16.87% on an earnings beat, raised full year guidance, and multiple rating upgrades.
• Axon Enterprise (AXON) rose 12.27% as investors responded to increased interest and recent product and partnership headlines.

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Top Losers

• Everpure (P) fell 14.81% after guidance and commentary pointed to uncertainty in second half demand visibility.
• Cerebras Systems (CBRS) declined 9.11% following a reduced price target at Goldman Sachs.
• Symbotic (SYM) fell 8.99% after Goldman Sachs cut its price target and kept a Sell rating.

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On The Radar

Manufacturing data and central bank commentary will steer the macro conversation while a major health care AGM headlines corporate events.

• US Manufacturing Pulse: ISM Manufacturing PMI (NAPMPMI) on Monday will update views on factory activity and pricing.
• Labor Check: ISM Manufacturing Employment (USAIME) on Monday helps you gauge hiring trends inside US industry.
• Fed Communication: Fed Waller Speech on Sunday may shape expectations for the path of US interest rates.
• Global Demand Signal: South Korea Exports (KOREXPYOY) on Monday offers a read on worldwide goods demand and trade flows.
• Health Care Bellwether: UnitedHealth Group (UNH) AGM on Monday can highlight management priorities and capital allocation plans.

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How To Act On Today's Market

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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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