10 things that mattered on Wednesday, September 2, 2026
Stocks bounced back, led by small caps, while the official oil prices caught up with Tuesday's jump. Brent printed $96 and wholesale diesel reached its highest price since 2022.
- 01
The S&P 500 rose 0.4% as small caps led the rebound
SPY closed at $765.16, 1.6% below its record. The Russell 2000 fund IWM gained 1.2%, while the Nasdaq 100 rose only 0.2%.
SPY, last six months SPY, last six months - 02
Brent jumped 7% to $96.02 in the official September 1 print
The spot price published a day behind confirms Tuesday's spike, from $89.75 on August 28. WTI rose to $91.48. The oil fund USO was flat on Wednesday.
Brent crude ($ per barrel), last five years Brent crude ($ per barrel), last five years - 03
Wholesale diesel reached its highest price since November 2022
New York Harbor diesel rose to $4.72 a gallon on September 1, up from $4.49 the session before. That is the wholesale price, and pump prices usually follow it with a lag.
NY Harbor wholesale diesel ($ per gallon), last five years NY Harbor wholesale diesel ($ per gallon), last five years - 04
Germany's 10-year yield hit its highest since 2011
The Bund yield jumped 13 basis points to 3.41%, its biggest one-day rise since April 2025. The US 10-year held at 4.80%.
10-year Treasury yield (%), last twelve months 10-year Treasury yield (%), last twelve months - 05
MongoDB fell 13.5% despite beating on every line
Revenue rose 30% to $771.8 million, but the third-quarter guide of $756 million to $761 million sits below the quarter just reported. The stock closed at $375.40.
MDB, last six months MDB, last six months - 06
GitLab opened 22% higher and closed up 10%
Revenue rose 21% to $286.3 million, and the stock gave back half its opening gain to close at $49.59. Its third-quarter revenue guide also sits below the quarter just reported.
GTLB, last six months GTLB, last six months - 07
PG&E fell 5.2% after launching a strategic review
The utility deferred about $2 billion of planned 2027 spending and closed at $13.33. The shares fell 20.1% on August 31, when a California bill dropped the wildfire liability protections investors wanted.
PCG, last six months PCG, last six months - 08
The VIX eased to 15.20
Volatility gave back 1.14 of Tuesday's 1.42-point jump. Fear & Greed recovered to 44 from 39 and stayed in Fear.
VIX, last six months VIX, last six months - 09
The Shiller CAPE eased to 40.6
The September reading of the cyclically adjusted P/E fell from 41.1 in August. The S&P 500 still trades at more than 40 times ten years of inflation-adjusted earnings.
Shiller CAPE, last five years Shiller CAPE, last five years - 10
Due Thursday: jobless claims, the trade balance and Lululemon
Weekly jobless claims and the July trade balance come out before the open, and Ciena reports then too. UiPath, Lululemon and Zscaler report after the close.
Data as of the Wednesday, September 2, 2026 close. The ten items are picked by fixed rules from the site's daily data (the size of each move, signals that changed state, and economic releases weighted by importance), then checked and written by hand. Charts end on the brief's date. Research and education, not financial advice.