Tech Volatility Spikes as Post-Labor Trade Heats Up

As Labor Day passes, Wall Street's post-holiday trade is heating up. Treasury yields are rising, crude oil prices are near $100 for the first time since May, and agricultural commodities are experiencing supply-demand imbalances due to geopolitical strife and El Niño.

The Big Tech calendar is packed with events that could spark volatility. Apple's iPhone 18 event on Wednesday will unveil new models, including a potential foldable phone called the iPhone Ultra. This comes after Tesla's underwhelming response to its Cybercab Austin rollout last week.

NVIDIA is also in the spotlight, as its management team speaks at Goldman Sachs' Communacopia Technology Conference this Thursday. The conference features high-profile tech names like Alphabet and Microsoft, along with consumer impact updates from Walmart and Mastercard.