Finance

U.S. sovereign bonds experienced selling pressure following the hot August employment report, lifting yields across the curve. The policy-sensitive two-year Treasury yield climbed to 4.38%, while the benchmark ten-year yield edged up toward 4.78% as markets weighed tighter monetary policy expectations.

Shares of Lululemon Athletica tanked approximately 20% in early trading following a reduction in its full-year profit and revenue projections. The athletic apparel retailer pointed to challenging market dynamics and persistent brand pressures as the primary drivers behind the revised outlook.

Corporate financial updates provided mixed signals for investors, with Broadcom shares slipping roughly 2.7% after the chipmaker issued weaker-than-anticipated revenue guidance for the final quarter of fiscal 2026. Conversely, NetApp gained ground after delivering first-quarter fiscal 2027 adjusted earnings that easily surpassed consensus estimates.