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Pre-Markets Rebound Moderately After Monday's Selloff
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Key Takeaways
Pre-Market Futures Come Back from Rough Monday Trading
Case-Shiller Home Prices Up 1.9% Year over Year
JOLTS for August Expected to Moderate Further
Tuesday, September 29th, 2026
Pre-market futures are up moderately this morning following a slow this week on major indexes. The Dow is +70 points at this hour, the Nasdaq is +94, the S&P +10 and the small-cap Russell 2000 is presently up +4 points. This is partly to do with cooling oil prices — $90 per barrel (/bbl) on WTI and $103/bbl on Brent — as oil transport companies are transferring tanker loads ship to ship to help move crude through shipping channels.
Bond yields, on the other hand, remain aloft: +5.226% on the 10-year, +4.922% on the 2-year and +5.55% on the 30-year bond yield. These are technically down from yesterday’s highs, but among the highest we’ve seen since the 2008 financial crisis. These yields are also keeping a rather uniform 30 basis-point (bps) range each of them — narrower than normal but still a ways from inversion fears.
Case-Shiller Reports Results for July
In one of the dustiest economic reports on our monthly calendar (though considered the most accurate), Case-Shiller Home Prices for July showed +1.9% growth, with +2.5% on the 20-city survey and +3.4% on the 10-city. With inflation levels the way they’ve been, however, these represent the 14th-straight decline in real home prices.
The biggest gainer in home price value, for a fifth-straight month, is Chicago at +6.9%. This is followed by New York City at +5.8% and +4.2% for Cleveland. The re-migration back to cities east of the Mississippi continues unabated. A the bottom end of this survey were Seattle, -1.6%, Las Vegas -1.3% and Denver -1.1%.
CarMax Outpaces Estimates in Fiscal Q2
We’re still a couple weeks out from Q3 earnings season, but off-calendar companies continue to trickle in: CarMax (KMX - Free Report) shares are up +5% following the auto dealer’s +70.6% earnings surprise to $1.16 per share in its fiscal Q2 report ahead of today’s open. Revenues also impressed: +11.54% to $7.88 billion in the quarter. Shares are still fighting back from the bottom (-60% over the past 5 years, but +46.4% yer to date), and numbers like these will help the company’s cause. For more on KMX’s earnings, click here.
What to Expect from the Stock Market Today
After the opening bell today, “Jobs Week” kicks off with Job Openings and Labor Turnover Survey (JOLTS) results for August — a month in arrears from the other monthly jobs reports out this week. Expectations are for a further gradual reduction in job openings to 7.2 million from 7.27 million in the previous print.
For July, Durable Goods jobs open increased to +76K, followed by Healthcare and Social Assistance at +54K. Trade/Transportation/Utilities saw -67K fewer open positions in the prior report, with Professional/Business Services -65K. By region, job openings were far more prevalent in the West, +135K.
Also, the September read for Consumer Confidence from The Conference Board is due out this morning, expected to dip further to 89 from 89.4 in August and 90.2 for July. All of these numbers are historically on the weak side; we’ve been sub-100 on Consumer Confidence for the past two years. For some context, our post-Covid high, back in mid-2021, was 130 as the Great Reopening was taking hold.
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Pre-Markets Rebound Moderately After Monday's Selloff
Key Takeaways
Tuesday, September 29th, 2026
Pre-market futures are up moderately this morning following a slow this week on major indexes. The Dow is +70 points at this hour, the Nasdaq is +94, the S&P +10 and the small-cap Russell 2000 is presently up +4 points. This is partly to do with cooling oil prices — $90 per barrel (/bbl) on WTI and $103/bbl on Brent — as oil transport companies are transferring tanker loads ship to ship to help move crude through shipping channels.
Bond yields, on the other hand, remain aloft: +5.226% on the 10-year, +4.922% on the 2-year and +5.55% on the 30-year bond yield. These are technically down from yesterday’s highs, but among the highest we’ve seen since the 2008 financial crisis. These yields are also keeping a rather uniform 30 basis-point (bps) range each of them — narrower than normal but still a ways from inversion fears.
Case-Shiller Reports Results for July
In one of the dustiest economic reports on our monthly calendar (though considered the most accurate), Case-Shiller Home Prices for July showed +1.9% growth, with +2.5% on the 20-city survey and +3.4% on the 10-city. With inflation levels the way they’ve been, however, these represent the 14th-straight decline in real home prices.
The biggest gainer in home price value, for a fifth-straight month, is Chicago at +6.9%. This is followed by New York City at +5.8% and +4.2% for Cleveland. The re-migration back to cities east of the Mississippi continues unabated. A the bottom end of this survey were Seattle, -1.6%, Las Vegas -1.3% and Denver -1.1%.
CarMax Outpaces Estimates in Fiscal Q2
We’re still a couple weeks out from Q3 earnings season, but off-calendar companies continue to trickle in: CarMax (KMX - Free Report) shares are up +5% following the auto dealer’s +70.6% earnings surprise to $1.16 per share in its fiscal Q2 report ahead of today’s open. Revenues also impressed: +11.54% to $7.88 billion in the quarter. Shares are still fighting back from the bottom (-60% over the past 5 years, but +46.4% yer to date), and numbers like these will help the company’s cause. For more on KMX’s earnings, click here.
What to Expect from the Stock Market Today
After the opening bell today, “Jobs Week” kicks off with Job Openings and Labor Turnover Survey (JOLTS) results for August — a month in arrears from the other monthly jobs reports out this week. Expectations are for a further gradual reduction in job openings to 7.2 million from 7.27 million in the previous print.
For July, Durable Goods jobs open increased to +76K, followed by Healthcare and Social Assistance at +54K. Trade/Transportation/Utilities saw -67K fewer open positions in the prior report, with Professional/Business Services -65K. By region, job openings were far more prevalent in the West, +135K.
Also, the September read for Consumer Confidence from The Conference Board is due out this morning, expected to dip further to 89 from 89.4 in August and 90.2 for July. All of these numbers are historically on the weak side; we’ve been sub-100 on Consumer Confidence for the past two years. For some context, our post-Covid high, back in mid-2021, was 130 as the Great Reopening was taking hold.
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