U.S. stocks entered September under pressure as Nasdaq futures edged lower after Monday’s declines, while the 10-year Treasury yield approached 4.78%, near a 20-month high. Markets assign roughly a 65% probability to a September Federal Reserve rate increase following Chair Kevin Warsh’s hawkish Jackson Hole speech, raising pressure on technology, software and semiconductor shares. Brent crude crossed $91 and WTI approached $87 after renewed US–Iran attacks revived disruption fears around the Strait of Hormuz, adding to inflation and margin concerns. Investors are focused on July job openings, forecast near 7.33 million, and Friday’s payroll report, where only about 50,000 new jobs are expected. Nvidia received a demand boost from Anthropic’s $35 billion cloud-computing agreement with Nvidia-backed Lambda, involving roughly 350 megawatts of data-center capacity. Amazon faced pressure over reports of another possible FTC case, Shein fell after its Hong Kong debut, gold slipped toward $4,430 and Bitcoin hovered around $78,000.