Stock Market Midday, Sept. 3: Stocks Rally as Treasury Yields Fall, Broadcom Falls Despite Earnings Beat

U.S. stock markets rallied on September 3, 2026, as Treasury yields fell and the probability of a September rate hike decreased. Federal Reserve Governor Christopher Waller signaled a preference for holding rates steady unless inflation surprises emerge. The S&P 500, Dow Jones, and Nasdaq all gained over 1%, with industrials and financial services leading. Notable movers included Snowflake surging 20% on strong earnings, while Broadcom declined despite beating expectations. Nvidia gained on news of acquiring AI platform Hugging Face.