The S&P 500 advanced 0.46% to 7,666.60 on September 2 2026, with the Nasdaq Composite up 0.45% to 26,217.83 and the Dow up 295.07 points, or 0.56%, to 53,061.95 - snapping a three-day losing streak as Treasury yields took a breather from their run to multiyear highs. The index sits above the 7,300 level that forms the upper leg of the equity thesis's invalidation condition, but the volatility side of that leg is not satisfied.