September 2 market wrap: stocks rebound as VIX retreats
U.S. indexes rebounded on September 2 as the VIX fell to 15.20 and Treasury yields held steady. ASTS jumped 11.83%, while CRDO fell 20.04%.
YieldCove Desk
2 min read
S&P 500
7,666.60
+0.46%
Nasdaq-100
29,143.33
+0.23%
Dow
53,062
+0.56%
Cboe VIX
15.20
−6.98%
Stocks recovered, with the Dow leading
U.S. stocks finished Wednesday, September 2, 2026 higher across the three headline benchmarks. The S&P 500 added 35.13 points, or 0.46%, to 7,666.60. The Nasdaq-100 rose 66.13 points, or 0.23%, to 29,143.33, while the Dow Jones Industrial Average gained about 295 points, or 0.56%, to 53,062. The Dow’s larger percentage advance than the technology-heavy Nasdaq-100 points to a session in which the rebound was not led solely by large technology shares.
| Market | Close | Daily move |
|---|---|---|
| S&P 500 | 7,666.60 | +0.46% |
| Nasdaq-100 | 29,143.33 | +0.23% |
| Dow Jones Industrial Average | 53,062 | +0.56% |
| Cboe VIX | 15.20 | −6.98% |
Volatility eased while benchmark yields held steady
The Cboe VIX closed at 15.20, down 1.14 points, or 6.98%, from 16.34 on September 1. The U.S. Treasury’s daily par-yield curve placed the 2-year yield at 4.39% and the 10-year yield at 4.79%. Both were unchanged from the previous market day at the displayed two-decimal precision. A lower VIX alongside higher stock indexes signals less index-level demand for near-term protection at the close, but it does not describe the option volatility of an individual company.
Cboe VIX closes
The volatility index retraced part of the prior session’s rise.
Source: Cboe Global Markets delayed closing data, accessed September 2, 2026
Wheel lens
The VIX is an S&P 500 volatility benchmark, not an executable option quote for ASTS or CRDO. Any educational wheel review still needs the exact expiry and strike, bid and ask, open interest, event calendar, full cash or share obligation, and assignment tolerance.
AST SpaceMobile surged as Credo retreated
Two names on YieldCove’s current watchlist moved sharply in opposite directions. AST SpaceMobile (ASTS) closed at $62.40, up $6.60, or 11.83%, from $55.80. Credo Technology (CRDO) ended at $165.22, down $41.41, or 20.04%, from $206.63. Cboe’s delayed regular-session quotes and Nasdaq’s stock screener matched on both closes and dollar changes. Those feeds establish the size of the moves; closing prices alone do not establish a company-specific cause.
| Ticker | Close | Daily move |
|---|---|---|
| ASTS | $62.40 | +$6.60 / +11.83% |
| CRDO | $165.22 | −$41.41 / −20.04% |
Double-digit moves can change option moneyness and assignment exposure quickly. After a rally, a covered-call strike can move closer to the stock price, while a cash-secured put may gain more distance from the market. After a drop, a put strike can move much closer to assignment and a covered call may sit farther out of the money. None of those relationships reveals the next session’s executable premium: the stock’s opening price, contract spread, implied volatility, skew and liquidity can all change before trading resumes.
Option premiums are quoted per share, and one standard contract normally represents 100 shares. That makes the full cash-reserve or share-delivery obligation more important than the percentage move by itself. For readers tracking existing wheel positions, the verified September 2 close is a dated reference point—not an order instruction—and any contract should be rebuilt from a live broker quote when the market is open.
What the close establishes
The broad benchmarks rose, the VIX retreated, Treasury yields were unchanged at displayed precision, and ASTS and CRDO diverged sharply. These are verified closing facts, not a forecast, a preferred strike or a personalized recommendation.
Sources
- [1]S&P 500 delayed closing quote — September 2, 2026 — Cboe Global Markets · Accessed 2026-09-02 · Tier 1
- [2]Nasdaq-100 delayed closing quote — September 2, 2026 — Cboe Global Markets · Accessed 2026-09-02 · Tier 1
- [3]Dow Jones delayed closing quote (DJX) — September 2, 2026 — Cboe Global Markets · Accessed 2026-09-02 · Tier 1
- [4]Cboe VIX delayed closing quote — September 2, 2026 — Cboe Global Markets · Accessed 2026-09-02 · Tier 1
- [5]Daily Treasury par yield curve rates — 2026 — U.S. Department of the Treasury · Accessed 2026-09-02 · Tier 1
- [6]AST SpaceMobile delayed closing quote — September 2, 2026 — Cboe Global Markets · Accessed 2026-09-02 · Tier 1
- [7]Credo Technology delayed closing quote — September 2, 2026 — Cboe Global Markets · Accessed 2026-09-02 · Tier 1
- [8]Official U.S. stock screener closing data — September 2, 2026 — Nasdaq · Accessed 2026-09-02 · Tier 1
This content is for informational and educational purposes only and is not financial advice. Options involve risk and are not suitable for every investor. Do your own research before trading.
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