Nasdaq, Dow & S&P 500 Forecast: Rising Yields Pressure Stocks

• The Dow Jones broke below its 50-day EMA at 52,787, trading around 52,440 and showing the most weakness among the three major indices
• The S&P 500 is testing critical support at the 7,600 level (50-day EMA), struggling to overcome resistance at 7,700
• Markets are consolidating ahead of Thursday's PPI data, Friday's CPI report, and an anticipated interest rate hike, with rising 2-year and 10-year Treasury yields creating headwinds

Market Summary: Rising Treasury Yields Pressure Major U.S. Indices

Date: September 9, 2026

Key Market Movements

All three major U.S. indices declined in pre-market trading on Wednesday, pressured by rising Treasury yields. The Dow Jones Industrial Average led losses at -0.37%, followed by the Nasdaq 100 at -0.20% and the S&P 500 at -0.17%.

Technical Levels and Analysis

Nasdaq 100: Trading at $29,418.50, the index is consolidating above its 50-day EMA (29,243.8) and 200-day EMA (27,451.3), struggling against 10-year Treasury yields at 4.8% and rapidly rising 2-year yields.

Dow Jones 30: The weakest performer at 52,460.00, breaking below its 50-day EMA (52,787.79) but remaining above the 200-day EMA (50,213.69). This index shows the most technical weakness among the three.

S&P 500: Trading at 7,656.67, facing resistance at the 7,700 level and approaching critical support at the 50-day EMA (7,600), which previously acted as resistance.

Market Outlook

Markets are in a holding pattern ahead of significant economic data releases: PPI on Thursday and CPI on Friday, followed by an anticipated interest rate hike. The rising yield environment, particularly the combination of elevated 10-year and 2-year Treasury yields, is creating headwinds for equities.

Traders should monitor whether the S&P 500's 7,600 support level holds, as this represents a key technical juncture. The upcoming inflation data and Fed decision could significantly impact market direction.