Shares of Fervo Energy Company jumped 28.41% on Tuesday, following the announcement of a 396-megawatt geothermal power agreement with Alphabet Inc.'s Google. The stock finished the session at $19.75, with a trading volume of 35.1 million shares. At 06:52:43 EDT Wednesday, Fervo Energy was trading at $19.56, marking a 0.96% decline from the previous close.
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FRVO price, U.S. dollars
Megawatts under binding PPAs, plus the conditional Google option
Reported or expected capital amounts, U.S. dollars
Front-month futures, U.S. dollars per barrel; vertical scale is compressed.
Million barrels per day; national figure is July 2026, Chevron figure is a 2026 estimate.
Basis points from the 03:00 EDT reading; delayed data through .
Source: Yahoo Finance E-mini S&P 500 and E-mini Nasdaq-100, 5-minute delayed CME data. Unit: basis points.
Latest delayed readings at 03:54:56 EDT, except gold at 03:54:57 EDT, versus prior settlement.
Source: Yahoo Finance delayed futures feeds for Dow, Russell 2000, WTI crude and gold. Percent changes are calculated from displayed prior settlements.
Selected SPDR sector fund returns at the September 1 cash close. Unit: percent.
Source: Yahoo Finance September 1 closes for XLE, XLU, XLV, XLI, XLK and XLY.
Change from the September 1 cash close at . Early prints can be thin.
Source: Yahoo Finance first extended-hours prints for DELL, MDB and PANW. Unit: percent from the prior cash close.
ADR price in U.S. dollars; regular close marked at 16:00 ET.
As of . Thirty-minute observations; selected regular-session points and the scheduled aftermarket reading. Source: Yahoo Finance.September 1 regular-session change; scale tops at 5.5%.
2Q26 result and year-on-year change.
September 1 regular-session change
Backlog supports visibility; debt absorbs part of the cash benefit
Composite index level from the opening bell through .
Source: Nasdaq Composite minute chart. Levels shown at 09:30, each full hour and 16:00 EDT.
Session return versus 15:00–16:00 EDT return. Index closes are preliminary at 16:00 EDT.
Sources: Google Finance S&P 500, Nasdaq and Google Finance Dow. Last-hour changes use 15:00 and 16:00 EDT levels.
Advancing versus declining issues reported at 14:36 EDT.
Source: Reuters market breadth. Green denotes advancers; red denotes decliners.
Regular session, percent change. As of .
Source: Yahoo Finance five-minute index feeds. Changes use the August 31 close.
Price change through 14:00 EDT. The session column uses Monday’s close.
Source: Yahoo Finance five-minute index feeds; values rounded to two decimals.
Selected S&P 500 sector ETF proxies, session change at 14:00 EDT.
Spread: Energy led technology by 2.67 percentage points.
Source: Yahoo Finance; XLE, XLV, XLP, XLI, XLK and XLY.
Source: Yahoo Finance, consolidated U.S. exchange data. Prices are snapshots, not live.
Bar scale: 1,000 MW. The expansion is an option, not binding capacity.
Source: Fervo's September 1 SEC exhibit. Option capacity depends on later conditions.
June 30 balance sheet; H2 capex shown at the $875 million guidance midpoint.
Source: Fervo June 30 Form 10-Q and August 12 guidance. Cash also funds operating and development costs.
Extended-hours change from Monday’s close, percent
Futures change, with each panel using its own scale
Sector-fund breadth by 08:00 EDT
2 up / 9 down
Contracts traded, 04:00–07:51 EDT
NYSE price, U.S. dollars
Shares sold or issued; first-half company issuance versus August 3 insider filing
June 30 balance-sheet and first-half cash-flow figures
Consensus distribution and selected August 10 targets
Change from each contract's 04:00 EDT level. Source: Yahoo Finance delayed CME data; author calculations. EDT times.
Session: 04:00–06:53 EDT. Latest 60 minutes: 05:53–06:53 EDT.
Source: Yahoo Finance delayed CME data; author calculations.
Change from prior settlement or close at 06:53 EDT.
Source: Yahoo Finance delayed futures data; author calculations. A lower Treasury-note future is consistent with a higher yield.
Latest available ETF trades through 06:53 EDT. Bar length shows absolute move; the badge covers all 11 Select Sector SPDRs. Source: Yahoo Finance delayed data.
Change from the 04:00 EDT premarket opening, percent
Source: Yahoo Finance delayed futures dataAs of
Delayed futures quotes versus prior settlement, percent
Source: Yahoo Finance. Quotes at 05:54 EDT.
Premarket ETF change from Monday's close
Source: Yahoo Finance sector ETF quotes. Latest verified prints between 05:36 and 06:00 EDT.
Premarket change from Monday's close; GoPro shown on a separate scale
Source: Yahoo Finance extended-hours quotes. As of 06:00 EDT.
Change from 03:00 ET, percent
Source: Yahoo Finance delayed CME futures data. Last available trades before the cutoff; figures rounded.
Futures versus previous settlement; Treasury move is Monday versus Friday
Sources: Yahoo Finance futures and AP. Prices are the latest available at 04:00 ET.
Selected S&P 500 sector ETF proxies, close-to-close
Source: Yahoo Finance. SPDR sector ETF adjusted closes, August 31, 2026.
Scheduled release times, Eastern Time
Sources: Federal Reserve Bank of New York and BLS.
Regular returns use the 16:00 close versus the prior close. Last-hour values use the latest quote at or before each endpoint. Sources: SPY, QQQ, DIA and IWM; calculations by TS2.
Liquid sector-ETF returns at the regular-session close
Sources: Yahoo Finance closing data for XLE, XLK, XLY and XLU; returns calculated from prior close.
Regular-session market internals, August 31
Preliminary close data. Source: Reuters. NYSE ratio is normalized to 100 advancing issues for comparison.
Snapshot: August 31, 2026 · 16:00 EDT
Prior interval: 15:00–16:00 EDT
| Index proxy | 15–16 EDT | Day |
|---|---|---|
| SPY | +0.14% | −0.30% |
| QQQ | +0.29% | +0.05% |
| DIA | −0.06% | −0.65% |
| IWM | +0.23% | −0.62% |
| ETF proxy | Day | Last hour |
|---|---|---|
| Energy · XLE | +2.04% | +0.61% |
| Technology · XLK | +0.44% | +0.31% |
| Health care · XLV | −0.36% | +0.01% |
| Industrials · XLI | −1.14% | −0.11% |
| Utilities · XLU | −1.17% | +0.02% |
| Communication · XLC | −1.35% | −0.20% |
| Security | Move | Catalyst |
|---|---|---|
| TSLA | +5.5% | megacap bid |
| XOM | +2.7% | oil |
| CVX | +2.1% | oil |
| AON | −8.6% | $17bn deal |
| PCG | −20.1% | wildfire law |
| EIX | −23.1% | liability |
| Firm | New view | Prior view | Target | Was |
|---|---|---|---|---|
| Wells Fargo | Equal Weight | Overweight | $24 | $25 |
| BMO Capital | Market Perform | Outperform | $21 | $28 |
| Mizuho | Neutral | Outperform | $16 | $21 |
Sources: Associated Press · Reuters via Euronext · Yahoo Finance · MarketsFN. All market figures are stamped 16:00 EDT unless marked settlement.
Session snapshot and preceding 60 minutes · August 31, 2026 · 15:00 EDT
| Proxy | Session | Last hour |
|---|---|---|
| SPY | -0.44% | -0.04% |
| QQQ | -0.24% | -0.03% |
| DIA | -0.59% | -0.01% |
| IWM | -0.84% | Flat |
| Indicator | Reading |
|---|---|
| WTI crude | $85.51 · +2.5% |
| Brent crude | $90.34 · +2.5% |
| S&P breadth | 158 up / 345 down |
| Main catalyst | U.S. strike near Hormuz |
TSLA +4.96% · XOM +2.04% · CVX +1.53%
EIX -23.22% · PCG -18.83% · AMZN -2.88%
A persistent oil shock raises inflation and margin pressure, potentially reducing the Fed’s flexibility. Energy benefits, but broader equity multiples face a discount-rate headwind.
Watch: Hormuz headlines · SPY near $766 · energy relative strength · late breadth · August labor data.
| Shares sold | 3,264 |
| Execution price | $39.77 |
| Sale value | $129,811 |
| Direct shares retained | 7,822 |
| Joint-account shares | 5,000 |
| Plan adopted | Apr. 2, 2026 |
| Metric | Latest | Signal |
|---|---|---|
| Q2 revenue | $1.21M | First revenue |
| Q2 operating loss | -$73.19M | 60× revenue |
| H1 operating cash use | -$65.46M | 2.1× prior year |
| 2026 operating cash guide | $120M-$150M | Funded |
| 2026 capex guide | $400M-$500M | Build phase |
| Low | $51.00 | +26% |
| Average | $74.75 | +85% |
| High | $100.00 | +147% |
| Ratings | 7 Buy · 7 Hold · 0 Sell | |
| Instrument | 05:00 | 06:00 | Hour |
|---|---|---|---|
| S&P 500 | −0.16% | −0.17% | −1.25 pts |
| Dow | −0.15% | −0.18% | −14 pts |
| Nasdaq-100 | +0.07% | −0.13% | −57.50 pts |
| Contract | Price | Vs. Oct. |
|---|---|---|
| Oct. 2026 | $86.56 | — |
| Nov. 2026 | $84.68 | −$1.88 |
| Dec. 2026 | $82.55 | −$4.01 |
| Jan. 2027 | $80.62 | −$5.94 |
| Jun. 2027 | $74.47 | −$12.09 |
| Signal | Read | Transmission |
|---|---|---|
| Brent | Above $91 | Inflation premium |
| Equity futures | Broadly lower | Risk appetite |
| WTI curve | $12.09 backwardation | Prompt supply risk |
| Cash open | 09:30 EDT | Breadth test |
Watch: tanker flows, Treasury yields and whether energy strength broadens after the opening bell.
August 31, 2026 · Available interval: 09:30–10:00 ET
Opening move: -0.18%.
Weakest major index.
Semis cushioned software losses.
+3.6% on Hormuz risk.
| Index | At open | At 10:00 | 09:30–10:00 |
|---|---|---|---|
| Dow | -0.18% | -0.5% | -0.5% |
| S&P 500 | -0.18% | -0.3% | -0.3% |
| Nasdaq | -0.17% | -0.1% | -0.1% |
The session was 30 minutes old, so the available interval replaces a full preceding hour.
| Brent | >$90 | +2.5% |
| WTI | $86.40 | +3.6% |
| 10-year Treasury | ~4.75% | Higher |
| VIX | ~15.3 | +6% |
| Energy Select SPDR | $64.15 | +2.35% |
Decliners led by 1.22 to 1.
| PG&E | -19% | Wildfire liability |
| Aon | -5% | USI deal report |
| BioMarin | +5% | Royalty agreement |
| IREN | +2.7% | Post-results rebound |
| Intel | +1% | Semiconductor rebound |
The opening decline broadened as oil crossed $86 and the 10-year yield approached 4.75%. Energy gained 2.35%, but decliners still outnumbered advancers. The market is treating renewed Hormuz conflict as an inflation event, not only a geopolitical headline.
Watch tanker-flow headlines, WTI, the 10-year yield and PG&E contagion across utilities. Lower oil or yields would help technology; another spike would favor energy and deepen pressure on consumers.
| Indicator | Latest estimate | Signal |
|---|---|---|
| July production shut-ins | 5.5M b/d | Tight |
| 2Q26 inventory change | -4.2M b/d | Tight |
| 3Q26 inventory forecast | -3.8M b/d | Tight |
| OPEC+ September increase | +188K b/d | Partial offset |
| China July imports | -24.3% YoY | Demand drag |
| Escalation | Tanker or terminal disruption; prompt contracts rise fastest. |
| Base case | Restricted flows persist; Brent holds around the high $80s. |
| Normalization | Shipping agreement and restored output pull Brent toward EIA's $78 fourth-quarter view. |
| Demand shock | Further Chinese weakness compresses the curve despite supply risk. |
