DAILY MARKET BRIEFING 10 SEPTEMBER 2026

S&P 500 7,591.70 -0.58% NASDAQ 26,081.72 -0.65% DOW 52,064.10 -0.60% RUSSELL 2,890.95 -1.04% FTSE 10,608.90 -0.57% DAX 25,361.15 -0.84% VIX 17.84 +8.38% US 10Y 4.94% +11 bp BTC 77,981.10 -0.36% ETH 2,464.50 -0.10%

U.S. CLOSE EDITION

SWKS leads, NAVN lags — U.S. market close

SharpeIQ Research Desk · data as of 10 Sep 2026 close

A close-to-close read on the latest session across US equity indices, rates, commodities, the semiconductor complex and options volatility, with notable insider filings and headlines.

1 Movers. SWKS led gainers at +9.79%

2 Vol. 8 semis are realizing above implied (HV/IV > 1).

3 Laggards. NAVN led decliners at -21.75%.

1 Global Dashboard

Close-to-close moves across US equity indices, rates and crypto. Front-month contracts: WTI Crude +6.69%; Brent Crude +6.34%; Silver -5.38%.

Index / ContractLast1 Day1 Wk1 MoYTD52-Wk RangeTrend

US EQUITY INDICES

S&P 500 7,591.70 -0.58% -0.98% -1.77% +10.90% 6,343.72 7,798.99

Nasdaq Composite 26,081.72 -0.65% -0.52% -1.38% +12.22% 20,794.64 27,093.90

Dow Jones Industrial 52,064.10 -0.60% -1.88% -3.21% +8.32% 45,166.64 54,349.12

Russell 2000 2,890.95 -1.04% -2.11% -4.50% +16.48% 2,305.11 3,068.42

INTERNATIONAL

FTSE 100 (UK) 10,608.90 -0.57% -2.06% -2.17% +6.82% 9,214.00 10,910.60

DAX (Germany) 25,361.15 -0.84% -2.47% -3.68% +3.56% 22,300.75 26,569.99

RATES & VOLATILITY

CBOE VIX 17.84 +8.38% +17.37% +16.75% +19.33% 13.47 31.05

US 10-Year Yield 4.94% +11 bp +15 bp +26 bp +78 bp 3.95% 4.94%

US 30-Year Yield 5.36% +8 bp +9 bp +12 bp +52 bp 4.54% 5.36%

US 5-Year Yield 4.73% +12 bp +18 bp +35 bp +101 bp 3.51% 4.73%

CRYPTO (24H)

Bitcoin 77,981.10 -0.36% -2.31% +6.78% -10.89% 58,558.86 124,752.53

Ethereum 2,464.50 -0.10% -0.65% +5.94% -16.94% 1,564.82 4,687.77

ENERGY

WTI Crude 102.48 +6.69% +12.60% +23.17% +78.47% 55.27 112.95

Brent Crude 107.63 +6.34% +12.55% +21.05% +76.88% 58.92 118.35

Natural Gas 2.83 +0.43% -4.13% +2.42% -23.11% 2.52 7.46

METALS

Gold 4,364.50 -1.17% -0.04% -0.42% +0.90% 3,643.70 5,318.40

Silver 64.28 -5.38% -0.68% -0.75% -8.34% 41.71 115.08

Copper 6.47 -4.95% -0.52% -2.19% +14.87% 4.54 6.80

Table 1. Close-to-close through 10 Sep. Rate changes in basis points; crypto is 24-hour; commodities are front-month contracts. Trend = trailing two weeks.

2 Semiconductors & Technology

Semiconductor and megacap-tech price action by horizon.

SEMICONDUCTOR COMPLEX — PRICE & VOLATILITY

TickerNameSpot1 Day1 WkYTDATM IVIV %ile30d HVHV/IV

NVDA NVIDIA 218.36 -2.26% -2.70% +17.23% 33% 5th 42% 1.28

AMD Adv. Micro Devices 503.60 -3.36% +10.18% +135.15% 50% 20th 64% 1.28

AVGO Broadcom 360.83 -0.97% -1.75% +4.64% 37% 2nd 40% 1.11

AMAT Applied Materials 454.01 -3.17% +3.55% +77.10% 54% 58th 62% 1.14

TXN Texas Instruments 258.82 -1.06% +1.58% +51.69% 37% 45th 32% 0.87

MU Micron 977.41 -4.90% +2.23% +242.65% 61% 22nd 73% 1.20

SNDK SanDisk 1,692.59 -4.06% +8.96% +613.03% 75% 10th 125% 1.66

WDC Western Digital 460.93 -4.43% +2.71% +167.76% 69% 30th 85% 1.24

STX Seagate 862.33 -2.66% +6.65% +213.13% 68% 40th 72% 1.05

Table 2. Price by horizon + at-the-money implied vol (≈30-day, annualized), 52-week IV percentile, trailing 30-session realized vol and HV/IV. HV/IV > 1.0 (highlighted) = realizing more than implied. Memory/storage tickers highlighted.

MEGACAP TECHNOLOGY

TickerNameSpot1 DayYTDTrend

AAPL Apple 326.57 +3.56% +20.45%

MSFT Microsoft 492.44 +0.16% +2.47%

GOOGL Alphabet 332.60 +0.59% +6.47%

AMZN Amazon 251.89 -0.20% +9.13%

META Meta Platforms 644.38 -1.42% -2.21%

TSLA Tesla 363.56 -1.16% -19.16%

NFLX Netflix 76.01 -0.03% -18.93%

Table 3. Same conventions as Table 2 (price only).

IMPLIED VS REALIZED — SEMIS

Figure 1. Above the dashed parity line = realizing more than options imply. Memory/storage highlighted.

3 Session Movers

The session's largest one-day moves in the liquid optionable universe.

TOP GAINERS

TickerNameLast1 Day

SWKS Skyworks Solutions, Inc. 84.03 +9.79%

QRVO Qorvo, Inc. 112.36 +6.77%

RDDT Reddit, Inc. 155.34 +6.08%

ASO Academy Sports & Outdoors, Inc. 54.22 +5.99%

VIST Vista Energy, S.A.B. De C.V. 78.95 +5.87%

USO United States Oil Fund, Lp 158.38 +5.61%

TOP LOSERS

TickerNameLast1 Day

NAVN Navan, Inc. 20.26 -21.75%

BHVN Biohaven Ltd. 12.79 -14.73%

COO Cooper Companies, Inc. 54.17 -14.67%

AEO American Eagle Outfitters Inc 14.53 -13.97%

AXGN Axogen, Inc. 41.85 -11.47%

TGB Trekor Metals Ltd 8.02 -10.19%

Table 4. Largest one-day moves, liquid U.S. optionable universe (known market cap ≥ $2B). Bars scaled within each panel.

4 Options & Implied Volatility

ATM implied-volatility movers and the semiconductor vol board.

ATM IV RISERS

TickerNameATM IVΔ 1 DayIV %ile

SNDK Sandisk Corp 75% +1.59% 10th

AMAT Applied Materials Inc /De 54% +1.27% 58th

ATM IV CRUSH

TickerNameATM IVΔ 1 DayIV %ile

STX Seagate Technology Holdings Plc 68% -4.13% 40th

MU Micron Technology Inc 61% -2.54% 22nd

AVGO Broadcom Inc. 37% -1.27% 2nd

AMD Advanced Micro Devices Inc 50% -1.11% 20th

NVDA Nvidia Corp 33% -0.95% 5th

Table 5. ATM implied-volatility movers across the semiconductor complex — Δ in vol points vs. prior close; percentile over 52 weeks.

5 Insider Filings, Desk Briefing & Week Ahead

Form 4 flow today: 6 buy / 34 sell prints (buy/sell ratio 0.18), led by AAPL, MSFT, META.

Insider buy/sell ratio today 0.18 parity 1.00

FORM 4 FILINGS

FiledInsider · TitleTickerNameSideSharesValue

09-10 Newstead Jennifer · SVP, GC and Government Affairs AAPL Apple Inc. SELL 1,438 $456K

09-10 SMITH BRADFORD L · Vice Chair and President MSFT Microsoft Corp SELL 14,000 —

09-10 Olivan Javier · Chief Operating Officer META Meta Platforms, Inc. SELL 258 $158K

09-10 Olivan Javier · Chief Operating Officer META Meta Platforms, Inc. SELL 117 $72K

09-10 Olivan Javier · Chief Operating Officer META Meta Platforms, Inc. SELL 262 $161K

09-10 Olivan Javier · Chief Operating Officer META Meta Platforms, Inc. SELL 855 $527K

Table 6. Notable Form 4 filings; value = reported transaction value.

DESK BRIEFING

• NVDA — Nvidia plans major expansion of data centre capacity in Australia to meet AI demand · Reuters.

• NVDA — US DOJ probes Nvidia's licensing deal with AI startup Groq, NYT reports · Reuters.

• TSLA — Tesla Semi Gets Boost From $6 Diesel; Morgan Stanley Says Earnings Potential 'Underappreciated' · Investor's Business Daily.

• TSLA — Why Analysts Are Bearish On This Tesla Energy Rival · Investor's Business Daily.

• META — JPMorgan resets Meta stock price target for the rest of 2026 · TheStreet.

• GOOGL — Alphabet Inc. (GOOGL) Is a Trending Stock: Facts to Know Before Betting on It · Zacks.

• GOOGL — Alphabet Inc. (GOOG) is Attracting Investor Attention: Here is What You Should Know · Zacks.

• NFLX — Do Options Traders Know Something About Netflix Stock We Don't? · Zacks.

THE WEEK AHEAD

WhenEvent

Fri 11 Sep KR earnings — today

Tue 15 Sep TCOM earnings — in 4 days

Tue 15 Sep FPS earnings — in 4 days

Wed 16 Sep LEN earnings — in 5 days

Table 7. Upcoming earnings, next three weeks.

For informational purposes only — not investment advice, a recommendation, or an offer to buy or sell any security. Data may contain errors or omissions.

DAILY MARKET BRIEFING sharpeiq.com/research 10 SEPTEMBER 2026