NEW YORK, September 1, 2026, 07:00 EDT — Oil prices remained above $92 per barrel as trading opened, while Nasdaq futures stayed down 1% in early morning activity.
- At 06:53 EDT, Nasdaq-100 futures were at 29,205.75, registering a decline of 1.04% from the previous settlement.
- The contract slipped 0.05% in the past hour, while S&P 500 futures inched up by 0.01%.
- Brent remained steady at $92.13, rising 1.81%, as just two of the 11 sector ETFs ended higher than their previous closes.
Nasdaq-100 futures remained nearly 1% under their previous settlement level as Brent crude persisted above $92. The ongoing oil surge and rising yields continued to weigh on high-valuation growth stocks. At 06:53 EDT, the contract stood at 29,205.75 Yahoo Finance delayed futures data.
The slide failed to intensify in the past hour. Nasdaq futures edged down 0.05% between 05:53 and 06:53 EDT, while S&P 500 futures inched up 0.01% during the same period.
Premarket futures path since 04:00 EDT
Change from each contract’s 04:00 EDT level. Source: Yahoo Finance delayed CME data; author calculations. EDT times.
Much of the selling took place ahead of 05:53 EDT. Between 04:00 and 06:53, E-mini S&P volume totaled 89,853 contracts. In the most recent hour, 19,525 contracts traded, making up 21.7% of overall volume for the period.
The selloff flattened in the latest hour
Session: 04:00–06:53 EDT. Latest 60 minutes: 05:53–06:53 EDT.
Source: Yahoo Finance delayed CME data; author calculations.
Oil continued to be the most evident driver of inflation. Brent was last at $92.13, rising 1.81% from its previous close. West Texas Intermediate moved up 2.40% to $87.82 Yahoo Finance delayed commodity data.
Fresh U.S.-Iran strikes reignited concerns over supply in the Strait of Hormuz. Kpler data, reported by Reuters, showed vessel movements remained well below recent levels. Brent slipped 0.21% in the latest hour, holding onto the bulk of gains from overnight.
Oil and the dollar tightened financial conditions
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.
Rising rates provided an additional drag. Ten-year Treasury note futures slipped 0.13% compared to Monday’s finish. The dollar index rose 0.19%, and gold futures dropped 1.29%.
Richard de Chazal at William Blair stated that “the balance of risks still points to yields remaining elevated.” When risk-free yields climb, long-duration equities become less attractive Reuters.
The division across sectors was also evident. Energy rose 3.10% ahead of the opening bell. Industrials declined 1.62%, marking the lowest performance among the 11 sector ETFs. Energy and health care were the only sectors trading higher in their most recent trades Yahoo Finance sector data.
Premarket sector breadth
2 of 11 positiveLatest 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.
Stock movements followed key catalysts. Medtronic plc NYSE:MDT climbed 4.13% to $95.00 after posting quarterly revenue of $9.756 billion and lifting its yearly guidance company release. Robinhood Markets, Inc. NASDAQ:HOOD advanced 2.88% on a Morgan Stanley upgrade.
Oil producers outperformed the wider market. Exxon Mobil Corporation NYSE:XOM rose 3.77%, while Devon Energy Corporation NYSE:DVN climbed 3.86%. The advances helped balance some of the declines seen in other sectors.
The upcoming release is set for 10:00 EDT, when the Labor Department issues its report on July job openings, the official BLS calendar shows. Openings for June totaled 7.4 million.
The main focus for rates remains Friday’s payrolls data. Strong jobs figures may bolster expectations for rates to stay elevated. Conversely, a soft report could be positive for bonds, but also heighten worries about economic growth.
Risks are balanced on both sides. A reduction in U.S.-Iran tensions could swiftly undo recent gains in oil. Additional attacks or a robust jobs report may trigger another futures selloff ahead of the market open.
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