Thursday, September 17th, 2026 Pre-market futures are filling in yesterday's potholes. This occurred during and after Fed Chair Kevin Warsh's press conference yesterday afternoon, which saw him deny guidance to where the Fed means to go with interest rates following the first FOMC move of 2026: up +25 basis points (bps), to a new range of +3.75-4.00%. The Dow, in particular, felt the brunt of yesterday's sell-off, -1.2%. This morning, the Dow is roaring back +626 points, the Nasdaq +468 and the S&P 500 +95 points — all between +1.2-1.6% gains. The small-cap Russell 2000 is up +1.4%, +39 points. Bond yields have relaxed gently: +4.96% on the 10-year, +4.68% on the 2-year and +5.31% on the 30-year.
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