Recurring series

Midday Market Intelligence

Finvaulta tracks 10 editions of Midday Market Intelligence from Goldman Sachs, published between May 11, 2026 and September 3, 2026. Each edition is summarized on its own page.

Latest edition · September 3, 2026

Midday Market Intelligence service economy

US stocks moved higher on Thursday driven by dovish comments from Fed Governor Waller, stronger-than-expected ISM Services data, and resilient AI-driven corporate earnings. Bond yields eased slightly as market focus shifts to Friday's non-farm payrolls data.

Goldman Sachs Midday Market Intelligence highlights a positive trading session for US equities on September 3, 2026. Market sentiment was lifted by Fed Governor Christopher Waller's remarks indicating that emerging signs of disinflation could warrant holding policy rates steady at the upcoming meeting, pushing 10-year Treasury yields down 3bp to 4.75%. Economic indicators reflected a resilient services economy, with the US ISM Services index climbing to 55.4, alongside improving services PMIs across China, India, and Brazil. In corporate news, AI-exposed stocks saw bifurcated performance, with Snowflake gaining over 20% on strong results while Broadcom dipped over 5% on soft near-term guidance despite robust multi-year AI projections.

Read the latest edition in full

Key takeaways from the latest edition

1.US equities traded higher supported by dovish Fed remarks from Governor Waller citing signs of disinflation and advocating holding policy rates steady.
2.Service sector activity showed resilience globally and domestically, with the US ISM Services index rising 1.3 points to 55.4, driven by strong new orders, contrasting with factory sector sluggishness.
3.AI-related software and hardware earnings displayed diverging market reactions, with Snowflake rising over 20% on strong results and Broadcom declining over 5% despite strong long-term AI guidance.

What this series covers

Midday Market Intelligence: service economy
... plus rates & AI, too
What to watch for
Today's market performance - September 3, 2026, 11:03 AM
Global Market Intelligence
Resource Corner
Disclosure Appendix

Edition archive

Series at a glance

Editions tracked: 10
First edition: May 11, 2026
Latest edition: September 3, 2026

All Goldman Sachs research

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