Nasdaq 100 Futures Fall, Dow Jones Gains Following Trump Comments Saying 'Market Will Go Up'—AVGO, SNOW, HPE, LULU in Focus
4m | Sep 3, 2026U.S. stock futures were mixed on Thursday, as the Dow Jones and S&P 500 indices rose, while the Nasdaq 100 index fell, following Wednesday's higher close.
For the week ending Aug. 29, U.S. initial jobless claims ticked up slightly by 2,000 to a seasonally adjusted 206,000, reflecting continued tightness and stability in the labor market. Meanwhile, fresh trade balance data for July revealed that the U.S. goods and services deficit widened sharply by $17.4 billion, or 24.4%, to $88.6 billion as imports surged while exports declined.
President Donald Trump predicted Wednesday that the stock market will continue moving higher despite the ongoing war in Iran and oil price volatility, dismissing concerns while noting the market keeps “hitting new records every day.” He added, "Believe it or not, the stock market will go up.”
Trump also sparked domestic backlash by suggesting the Strait of Hormuz be renamed to "TRUMP STRAIT." Sen. Bernie Sanders (I-Vt.) criticized the move, calling Trump a "mad king.”
Meanwhile, the 10-year Treasury bond yielded 4.76%, and the two-year bond was at 4.35%. The CME Group’s FedWatch tool projections show markets pricing in a 60.2% likelihood of the Federal Reserve hiking interest rates at its September meeting.
The SPDR S&P 500 ETF Trust(NYSE: SPY) and Invesco QQQ Trust ETF(NASDAQ: QQQ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Thursday. The SPY was up 0.20% at $766.71, while the QQQ advanced by 0.09% to $709.88.
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