Market Intelligence

Latest edition · October 2, 2026

Market Intelligence US Morning Update(66)

Goldman Sachs' daily morning update covers overnight market action, upcoming September US payrolls data, and key research notes across AI adoption, equities, and commodities. Global equity markets showed mixed performance while Brent crude dropped to ~$100/bbl and 10-year US Treasury yields held flat at 5.23%.

Goldman Sachs Research highlights that US firm AI adoption expanded to 23.8% in September 2026, driven by strong hardware investment trending $555bn above 2022 levels. Markets head into the morning with eyes on the US September Nonfarm Payrolls report (GS expects +80k vs. consensus +90k). Overnight, Asian equity markets closed mixed with Hang Seng down 2.6%, European bourses traded slightly higher, and front-month Brent oil slipped over $2 to ~$100/bbl. Key equity commentary includes an upgrade of Cboe to Neutral, reiteration of Sell on Adobe ahead of its CEO change, and price target cuts on Nike following soft sportswear and China revenue.

Key takeaways from the latest edition

• 1.Establishment AI adoption rose by 1.4 percentage points in September to 23.8%, supported by an AI hardware investment trend $555bn above 2022 levels and semiconductor revenue projected to hit $868bn by end-2026.
• 2.Global markets were mixed overnight ahead of the September US Payrolls report, with Brent crude falling over $2 to ~$100/bbl while the US 10-year Treasury yield held at 5.23%.
• 3.Goldman Sachs upgraded Cboe Global Markets (CBOE) to Neutral ($300 PT) citing diminished index options overhangs, while maintaining Sell on Adobe (ADBE, $200 PT) and Neutral on Nike (NKE, PT lowered to $30) following weak F1Q sportswear and China performance.

What this series covers

• Performance of Global Indices (as of October 2, 2026)
• Rating & Conviction List Changes (as of October 2, 2026)
• Today's Events (October 2, 2026)
• US Morning Call for October 2, 2026
• Notable Research not on the Morning Call
• Listening in: Webinars, Conferences & Podcasts
• UPCOMING WEBINARS
• RECENT PODCASTS
• WEBINAR REPLAYS
• Resource Corner

Edition archive

• Market Intelligence US Morning Update(66)

  October 2, 2026

• Market Intelligence US Morning Update(65)

  September 30, 2026

• Market Intelligence US Morning Update(63)

  September 25, 2026

• Market Intelligence US Morning Update (Sep 23)

  September 23, 2026

• Market Intelligence US Morning Update(61)

  September 10, 2026

• Market Intelligence US Morning Update(60)

  September 4, 2026