As flagged in this morning's analysis, Monday was never going to print a US cash close. Labor Day shut the NYSE and Nasdaq. Overnight E-mini futures sat near 7,721 against Friday's 7,718.60 cash close, with West Texas Intermediate holding 92.62 dollars after weekend tanker strikes. The holiday session faded the index tape and bid the oil tape. Holiday ES last printed 7,708.75. WTI held near 92.70 dollars and tagged 93.29. Brent settled 97.31 dollars after a 98.06 high. This is the evening scorecard, not an instruction.
The Close: Cash Dark, Holiday ES Last 7,708.75
The S&P 500's last cash print remains Friday's 7,718.60. There is no Monday cash close. CME equity futures ran a shortened holiday book until 13:00 Eastern. E-mini S&P 500 futures last printed 7,708.75, down 0.17 percent from Friday's 7,722.00 ES settlement (MarketWatch, Barchart, Investing.com, TradingView). Range 7,703.50 to 7,728.50. Volume was 137,293 contracts, about 11 percent of the 65-day average. That is a fade from this morning's 7,721 handle. The Nasdaq Composite's last cash print remains 26,506.99. The Dow's last cash print remains 53,414.25.
Europe did the cash work. The DAX closed 26,006.53, down 0.15 percent, and held 26,000 (MarketWatch, dpa-AFX). The STOXX Europe 600 finished flat at 649.90. The CAC 40 rose 0.33 percent to 8,306.15. The FTSE 100 slipped 0.08 percent to 10,822.13. Infineon jumped nearly 7 percent. Energy names bid on the oil tape.
- US cash shut for Labor Day; last S&P cash print remains Friday 7,718.60
- Holiday ES last 7,708.75 (-0.17%), range 7,703.50-7,728.50, volume ~11% of average
- DAX 26,006.53 (-0.15%); STOXX 600 flat at 649.90; CAC +0.33%; FTSE -0.08%
- Infineon ~+7%; Nordex ~+10%; energy bid on the oil tape
Story of the Day: Iran Vows Gulf Hits, Oil Holds the High
The morning's contained-Hormuz path did not get the oil tape. The hot-oil path tagged its trigger. West Texas Intermediate last printed about 92.70 dollars (Investing.com 92.70; MarketWatch 92.68; WSJ 92.70), up 1.33 percent from Friday's 91.48 settlement, after a high at 93.29, through last week's 93.14 high. WTI will not settle Monday because of the US holiday. Brent crude settled 97.31 dollars, up 1.1 percent, after a high at 98.06, the highest since July 24.
Iranian Parliament Speaker Mohammad Baqer Qalibaf wrote: "Strike our assets and you get struck." That answered Defense Secretary Pete Hegseth's warning that the United States would destroy and sink Iranian oil tankers if Iran fired on US vessels. Iran is preparing to announce a restricted zone outside Hormuz. OPEC+ kept October output unchanged on Sunday.
Euro-area Q2 GDP was revised to 0.6 percent quarter on quarter and 1.2 percent year on year, from 0.4 percent and 1.0 percent. German industrial production fell 1.1 percent in July, as this morning said, led by a 9.2 percent drop in autos. Spot gold reclaimed 4,400 dollars and last printed about 4,406 dollars (TradingView 4,406.065; Investing.com 4,406.44). The 4,365 gold-fade trigger was never in play. Traders watching 4,400 as the reclaimed reference. These are technical reference points, not instructions.
- WTI ~$92.70 after a $93.29 high; Brent settled $97.31 after $98.06
- Qalibaf: "Strike our assets and you get struck"; Iran flags a Hormuz restricted zone
- Euro-area Q2 GDP revised to +0.6% QoQ / +1.2% YoY; German IP -1.1% confirmed
- Gold ~$4,406; reclaimed $4,400 after this morning's slip; 4,365 never tagged
Crypto Check: Bitcoin Fades From $80,000 to $79,196
Digital assets did not join oil's bid. Bitcoin is near 79,196 dollars (TradingView 79,196; MarketWatch CoinDesk 79,222 at 16:19 Eastern), a fade from this morning's 79,499. The session opened near 80,351, tagged about 80,388, then slipped to a low near 78,680 before repairing. The 80,000 reclaim the morning named as the bullish trigger did not hold. Ether is near 2,489 dollars (TradingView 2,488.8; Investing.com 2,491.23). Live levels sit on the ThriveInMarkets homepage. Traders watching 80,000 dollars as the still-lost reference. Bullish trigger remains a reclaim of 80,000, then last Thursday's 82,000 area. Bearish trigger: a slip through today's 78,680 low, then 75,000. These are technical reference points, not instructions.
- Bitcoin ~$79,196; TradingView $79,196 as of September 7
- Opened ~$80,351, high ~$80,388, low ~$78,680; fade from this morning's ~$79,499
- Ether ~$2,489, off this morning's ~$2,500
- BTC bullish trigger: reclaim $80,000 then $82,000; bearish: a break of $78,680 then $75,000
Overnight Watch: Cash Reopens Tuesday
There is no US after-hours tape. CME equity futures reopen at 18:00 Eastern (22:00 UTC) for Tuesday's trade date. US cash reopens Tuesday at 09:30 Eastern. NFIB small-business optimism is on the docket. Bank of England Governor Andrew Bailey speaks at 13:15 UTC. China CPI lands Wednesday. The ECB, US PPI, and Oracle and Adobe after the close land Thursday. August CPI lands Friday at 12:30 UTC.
Three scenarios frame the overnight, not a recommendation. In a contained-oil path, WTI holds Friday's 91.48 and ES leans on Friday's 7,718.60 when the book reopens. In a hot-oil path, a push through today's 93.29 WTI high would add an inflation impulse into Friday CPI. In a gold-fade path, a slide through last Wednesday's 4,365 would confirm the rate-hike bid. Traders watching 7,718.60 as the cash reference. Bullish trigger: a push through Thursday's 7,747.71. Bearish trigger: a slide through Friday's 7,706.12 low. Docket: week-ahead note. Calendar: calendar.
- 22:00 UTC: CME equity futures reopen for Tuesday's trade date
- Tuesday: US cash reopens 09:30 Eastern; NFIB; Bailey speaks 13:15 UTC
- Thursday: ECB, US PPI, Oracle and Adobe after the close; Friday 12:30 UTC: August CPI
- S&P bullish trigger: reclaim 7,747.71; bearish: a slide through 7,706.12
For live prices see the ThriveInMarkets homepage. None of the above is a recommendation to buy or sell any asset. S&P, Nasdaq and Dow are Friday, September 4, 2026 cash closes; gold, oil, Bitcoin and Ether are live as of 20:45 UTC on September 7, 2026. US cash was shut Monday for Labor Day.
