Today's calendar includes the August U.S. trade balance at 8:30 AM ET, along with several important Fed appearances: New York Fed President John Williams at 9:05 AM, Fed Vice Chair for Supervision Michelle Bowman at 10:45 AM, Kansas City Fed President Jeffrey Schmid at 1:15 PM, and Dallas Fed President Lorie Logan tonight. Investors are also watching today's $58 billion 3-year Treasury auction and positioning ahead of Wednesday's FOMC minutes. With Q3 earnings season approaching, AI/semiconductor strength, the direction of the 5.3% Treasury yield, Fed commentary and falling oil prices are today's primary market drivers, with Nvidia's march toward a roughly $6 trillion valuation continuing to anchor the technology rally. 06-OCT-2026 06:56 AM ET