Stocks Cautious On US-Iran Escalation, Bond Yields Hit Multi-Year Highs

August 31, 2026

Stock Market Today

World stock markets looked set to end August on a cautious note on Monday as fresh fighting between the U.S. and Iran pushed oil prices higher, while borrowing costs in Germany and Japan hit fresh multi-year highs.

A 2% jump in oil prices added to concerns about persistent inflation and the risk of further interest rate increases from major central banks, following Federal Reserve Chairman Kevin Warsh's hawkish speech at Jackson Hole on Friday.

Japan's 2-year government bond yield rose to a 31-year high, while Germany's 2-year bond yield climbed to its highest level since July 2024.

Brent oil futures, trading above $90 a barrel, rose after U.S. forces struck two Iranian launchers on Larak Island on Sunday. Iran responded by attacking U.S. forces stationed in Jordan and said it had hit a tanker in the Strait of Hormuz.

President Donald Trump later posted that Kharg Island, Iran's main oil export terminal, was being "blown to smithereens," although there was no military confirmation.

Markets reacted by lifting the probability of a September Fed rate increase to 57%, sending short-term Treasury yields sharply higher and flattening the yield curve.

"We continue to expect that a hike won't come until December, though agree that the September meeting is live," said Michael Feroli, chief U.S. economist at JPMorgan.

"Moreover, regardless of the exact timing of hikes, Warsh's speech suggested a chair more willing to translate his concern about inflation into a policy tightening."

Barclays now expects the Fed to raise rates by 25 basis points in both September and December.

Europe's STOXX 600 index edged lower at the open, with trading volumes reduced by a UK public holiday. U.S. stock futures were flat to slightly weaker.

In Asia, Japan's Nikkei slipped 0.1%, while MSCI's world stock index was marginally lower.

Chinese blue chips recovered from early losses, although property developers remained under pressure after Beijing announced regulatory changes. A survey showed the official manufacturing purchasing managers' index rose to 49.8 in August from 49.2 in July, though services remained subdued. Yahoo Finance reports.

EdgeUp

🧠 What's Going On With FingerMotion Stock On Monday?

FingerMotion, Inc. (NASDAQ: FNGR) shares fell about 23% in Monday’s premarket trading, giving back some of Friday’s gains after the company unveiled plans to expand into AI-focused data centers.

On Friday, the company said it developed a strategic plan with BlueFlare Energy Solutions to build behind-the-meter AI and high-performance computing infrastructure in North America.

The company plans to leverage BlueFlare’s existing capabilities in site origination, on-site natural gas power generation, modular construction, load management, and field operations instead of developing these capabilities from scratch, while continuing its mobile payment, recharge, and data analytics businesses in China.

Notably, on June 9, 2026, FingerMotion announced a memorandum of understanding with BlueFlare to develop behind-the-meter AI compute infrastructure across Western Canada, with BlueFlare expected to serve as its primary development partner in Alberta, British Columbia, and Saskatchewan for the origination, design, engineering, construction, and ongoing support of HPC inference sites integrated with co-located Bitcoin mining. Benzinga reports.

✈️ Why Webuy Global Shares Are Trading Higher By 13%

Shares of Webuy Global Ltd (NASDAQ: WBUY) rose sharply in pre-market trading.

Webuy reported record preliminary unaudited travel bookings of around $4.76 million during the three-day NATAS Fair in August 2026, representing an approximately 42% surge from the more than $3.34 million figure announced during the NATAS Fair in March 2026.

Webuy Global shares jumped 13.3% to $0.94 in pre-market trading. Benzinga reports.

🤖 Andreessen Horowitz Raises $1.1 Billion for AI Infrastructure Fund

Prominent venture capital firm Andreessen Horowitz says it has raised $1.1 billion for its newest artificial intelligence infrastructure fund.

The "Machine Age Fund" will invest in AI computing infrastructure such as chips, memory, networking, and storage, the company said in a blog post on Friday. It will also include data centers, robotics, and home appliances.

The venture firm argues that advances in AI workloads are driving dramatic increases in computing demand and creating bottlenecks across existing hardware and supply chains.

The need for more AI infrastructure was highlighted earlier this week during an earnings call for Nvidia Corp., when CEO Jensen Huang said demand for the company's chips is growing by more than 70% in fiscal year 2028 but is constrained by supply. Yahoo Finance reports.

🏛️ PG&E Statement On Senate Bill 492; Stock Sinks In Pre-Market

Pacific Gas and Electric Company (PG&E) today released a statement on Senate Bill 492.

"On Saturday, the California Legislature amended Senate Bill 492 to address the state's wildfire risk reduction and recovery framework.

While the proposed legislation would make some progress in helping wildfire survivors recover and strengthening wildfire preparedness, it would not provide the sustainable solution California needs.

Specifically, the bill does not adequately address the financing risks created by California's current wildfire liability framework. As a result, it falls short of creating the long-term durability needed to attract affordable investment to support a safer, more reliable energy system and help keep costs down for customers." PRNewswire reports.

🎵 Sony Accuses Anthropic Of 'Brazen Campaign' To Train Claude On Its Music — And Wants Up To $150,000 A Song

Sony Music Publishing and Warner Chappell Music have sued Anthropic, alleging that the company illegally used copyrighted music to train its Claude AI models. Anthropic cofounders Dario Amodei and Benjamin Mann were also named in the lawsuit.

The publishers claim Anthropic obtained thousands of copyrighted songs through scraping, downloading, and pirate archives, including works associated with artists such as Marvin Gaye, Mariah Carey, and Taylor Swift. They allege Claude can generate identical or near-identical versions of copyrighted material and argue that AI-generated lyrics could ultimately compete with human-created songs.

Anthropic denied the allegations and said it intends to defend itself in court. Yahoo Finance reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) AEHL: Antelope Enterprise Holdings Limited

Total gain: +2.77 (78.25%)

2) YDDL: One and one Green Technologies. Inc

Total gain: +0.795 (48.18%)

3) WETO: Wetour Robotics Limited

Total gain: +1.50 (26.22%)

4) NCRA: Nocera, Inc.

Total gain: +0.490 (25.93%)

5) NEOV: NeoVolta Inc.

Total gain: +0.450 (13.47%)

Friday's Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on Aug 28.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET) Stock Analysis reports.

1) CALC: CalciMedica, Inc.

Total gain: +1.852 (394.04%)

The company announced that it will effect a reverse stock split of its issued and outstanding common stock, at a ratio of 1-for-5, effective at 5:00 p.m. ET on August 28, 2026. CalciMedica’s common stock will begin trading on the Nasdaq Capital Market on a split-adjusted basis commencing upon market open on August 31, 2026 under CalciMedica’s existing trading symbol “CALC” with a new CUSIP number, 38942Q301. The reverse stock split was approved by CalciMedica’s stockholders at CalciMedica’s Annual Meeting of Stockholders held on August 19, 2026, with the final ratio subsequently determined by CalciMedica’s Board of Directors. The reverse stock split is intended to bring CalciMedica into compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market. GlobeNewswire reports.

2) FTFT: Future FinTech Group Inc.

Total gain: +1.637 (281.50%)

The stock appeared to be moving on no notable news.

3) FNGR: FingerMotion, Inc.

Total gain: +0.2246 (129.53%)

The company announced an updated business plan in an SEC filing. The company outlined a new plan to build behind-the-meter AI and high-performance computing infrastructure in North America with BlueFlare Energy Solutions. TipRanks reports.

Today’s Notable Earnings

Estimate and Actual numbers represent Earnings Per Share in US Dollars.

SY
So-Young Intl

Q2 2026

Before Market Open

Estimate: N/A

Actual: -0.030

LX
LexinFintech Holdings

Q2 2026

After Market Close

Estimate: N/A

Actual: 0.110

PXS
Pyxis Tankers

Q2 2026

After Market Close

Estimate: 0.200

Actual: N/A

View more

Today’s Economic Dates

Time (ET) / Report / Period

No events scheduled.

Parting Thoughts

“We can’t expect high returns when the market doesn’t offer them.”

— Howard Marks

Sourced in: It Is What It Is, Oaktree Capital memo (2006).

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