NEW YORK, September 3, 2026, 05:00 EDT — Dow futures led the major U.S. contracts before dawn, rising 0.20% from settlement. S&P 500 and Nasdaq-100 futures held smaller gains. Russell 2000 futures slipped.
- Dow futures stood at 53,226, up 0.20%, at 04:58 EDT.
- Snowflake Inc. NYSE:SNOW surged 23.43%; Broadcom Inc. NASDAQ:AVGO fell 2.30% by 05:00 EDT.
- WTI crude reached $91.17, up 0.18%, after touching $89.66 during the first premarket hour.
The tape absorbed sharply different AI earnings reactions without losing its benchmark gains. That split suggests investors were rewarding forecast upgrades, not the AI label alone. Exchange-wide breadth was unavailable before the 09:30 cash open NYSE hours.
Major futures: settlement and first-hour change
Unit: percent. Prices are delayed futures prints through 04:59 EDT. Source: Yahoo Finance market data.
During the available 59-minute interval, Dow futures added 0.02%. Nasdaq-100 futures eased 0.07%, while S&P futures were nearly flat. The small-cap contract lost 0.07%.
Turnover remained light. About 14,833 S&P and 11,552 Nasdaq contracts traded during that interval. Dow and Russell volume totaled 4,033 contracts. Contract sizes differ, so raw counts are not directly comparable.
Broadcom fell to $358.80 despite record quarterly figures. Revenue rose 86% to $29.59 billion, while free cash flow reached $13.67 billion. Chief Executive Hock Tan said custom-accelerator and networking demand “continues to be very strong.” The company forecast $34.8 billion of fourth-quarter revenue Broadcom results.
Snowflake jumped to $377.50. Product revenue rose 37% to $1.49 billion. The company raised its fiscal 2027 product-revenue forecast to $6.07 billion from $5.84 billion SEC filing.
Post-results repricing separates AI-linked names
Premarket change from September 2 regular close, as of 05:00 EDT
Q2 product revenue: $1.49bn, +37%
Q4 revenue guide: about $34.8bn
Q3 revenue: $12.2bn, +34%
Price source: Yahoo Finance. Results: Broadcom, Snowflake and HPE.
The 25.73-point spread between Snowflake and Broadcom showed unusual selectivity. Hewlett Packard Enterprise fell 3.26% to $50.14 despite record revenue. Its quarterly sales rose 34% to $12.2 billion HPE results.
Oil added another cross-current. WTI rebounded $1.51 from its first-hour low. Brent reached $95.77 after touching $94.21. Conflict involving Iran kept energy risk elevated, even as prices eased earlier in Asia Associated Press.
Thin sector ETF prints favor consumer groups
Change from 04:00 to latest available print, 04:33–04:45 EDT; indicative only
Unit: percent. Sparse early premarket prints may not predict the cash open. Source: Yahoo Finance ETF data.
Early sector proxies favored consumer discretionary and staples. Technology gained 0.16%, while utilities lagged with a 0.12% decline. The prints were sparse and may not survive the cash open.
Macro risk starts at 08:30 EDT with jobless claims, trade data and revised productivity. ISM services follows at 10:00. Friday’s payroll report is the larger test for rates and equity multiples New York Fed calendar; BLS schedule.
Scheduled U.S. catalysts after the cutoff
Claims, trade balance, revised productivity and labor costs
ISM services activity and price signals
August employment situation
Sources: Federal Reserve Bank of New York and U.S. Bureau of Labor Statistics.
Risks: Premarket liquidity can amplify both stock and ETF moves. Oil headlines may shift inflation pricing quickly. A surprise in Thursday’s data could reverse the modest futures gains before the bell.
Related articles: NASDAQ:AVGO
