---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000880587.md"
description: "U.S. stocks fell pre-market (SPX -0.4%, NDX -0.7%) as global bond yields hit nearly two-decade highs, oil rose on renewed US-Iran tensions, and odds of a Fed hike in Sept  jumped to 62% after Chairman Warsh’s hawkish Jackson Hole remarks. Brent reached $92/bbl, the 10-year treasury yield increased to 4.78%; chip stocks declined, and $Tesla(TSLA.US) fell ahead of Thursday’s Austin Cybercab launch (45 unsupervised autonomous vehicles as of yesterday).  S&P 2026 EPS estimates have continued to climb to $364 (+31% y/y), implying a 2026 P/E of 21.1x and a 4.7% earnings yield which is below 10yr Treasuries for the first time since early 2024 and before that the Internet bubble of 2000.  I am skeptical about a pre-midterm Fed rate hike given slowing job growth and the seeming temporary nature of the Brent crude supply shock.  I remain cautious on $Tesla(TSLA.US) amid falling long-term earnings estimates, the ongoing commoditization of unsupervised autonomy, and a 220x 2026 P/E versus +35% long-term earnings growth implying a 6.3x PEG, by far the highest among the Mag 8."
datetime: "2026-09-01T09:26:44.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000880587.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000880587.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000880587.md)
author: "[Gary Black Tracker](https://longbridge.com/en/profiles/17077344.md)"
generator: "portal-rs"
---

# U.S. stocks fell pre-market (SPX -0.4%, NDX -0.7%)…


### Related Stocks

- [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md)
- [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md)
- [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md)
- [USO.US](https://longbridge.com/en/quote/USO.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**