Nasdaq Futures Fall 0.5% as 4.8% Treasury Yield Mutes Earnings Rally

Nasdaq-100 futures fell 0.54% early Wednesday as rising yields eclipsed strong earnings moves. S&P 500 futures lost 0.27%. Dow futures slipped 0.11%.

NEW YORK, September 2, 2026, 05:11 EDT —

  • Nasdaq-100 futures fell 0.54% by the closest delayed reading to 05:00 EDT.
  • S&P 500 futures lost 0.27%, while Dow futures slipped 0.11%.
  • GitLab rose 21.07% premarket; MongoDB fell 13.87% after earnings.
  • The 10-year Treasury yield held near 4.80% as WTI stayed above $90.

Nasdaq-100 futures fell 0.54% early Wednesday as rising yields eclipsed strong earnings moves. S&P 500 futures lost 0.27%. Dow futures slipped 0.11% delayed futures snapshot.

The retreat matters because the overnight tape had been nearly flat. A 4.8% Treasury yield raises the discount rate on future profits. Oil above $90 adds another inflation channel.

The closest delayed reading to the scheduled checkpoint came at 05:02 EDT. A public snapshot at 04:19 provided 43 minutes of the preceding hour. During that available interval, Nasdaq futures lost 90.5 points.

Futures losses widened near the checkpoint

Change versus prior settlement and during the available 04:19–05:02 EDT snapshot window. Latest reading: . Unit: percent.

−0.6%−0.4%−0.2%0 Nasdaq-100S&P 500Dow −0.54%−0.31%−0.27%−0.17%−0.11%−0.10%
Versus prior settlementAvailable 43-minute interval

Source: TipRanks delayed U.S. index-futures readings on its gainers and losers pages. Interval changes are calculated from displayed levels.

Nasdaq futures dropped 0.31% during that available window. S&P futures fell 0.17%, while Dow futures lost 0.10%. The public delayed pages did not expose a complete 60-minute history.

Cross-asset pressure remained clear. Brent traded at $95.02 early Wednesday. WTI stood at $90.31, while the 10-year yield held near 4.80% Associated Press.

Oil and yields tightened the valuation channel

Early-Wednesday readings reported at 03:26 EDT on September 2, 2026.

Brent crude$95.02+0.4%
WTI crude$90.31+0.1%
U.S. 10-year yield4.80%4.75% Monday
U.S. 2-year yield4.39%4.34% Monday

Source: Associated Press market report. Crude unit: U.S. dollars per barrel. Yield unit: percent.

Tuesday’s cash session had already absorbed the shock. The S&P 500 lost 0.7%, the Dow fell 0.8%, and the Nasdaq Composite dropped 1.0%. Japan’s Nikkei then slid 2.9%.

Premarket stock moves were far larger than the index decline. GitLab Inc. NASDAQ:GTLB rose 21.07%. Dell Technologies Inc. NYSE:DELL gained 9.16%, while MongoDB Inc. NASDAQ:MDB fell 13.87% premarket movers.

Earnings created a 35-point mover spread

Premarket change from September 1 cash closes, observed from 05:02 to 05:05 EDT. Unit: percent; volume labels show shares.

−25%0+25% GitLabDellMongoDBCredo +21.07% · 121.52K+9.16% · 183.87K−13.87% · 22.28K−6.92% · 95.21K

Source: TipRanks delayed premarket gainers and premarket losers. Percent changes and displayed volumes can move before the open.

GitLab reported $286.3 million of quarterly revenue, up 21%. Net annual recurring revenue growth exceeded 40%. Chief Executive Bill Staples called it an “exceptional quarter” GitLab results.

Dell posted record revenue of $47.0 billion, up 58%. It returned $4.3 billion through dividends and repurchases. Finance chief David Kennedy called revenue and earnings per share “record” figures Dell results.

MongoDB’s reaction cut the other way. Revenue rose 30% to $771.8 million, and management raised its full-year outlook. The selloff showed that strong growth did not erase valuation risk MongoDB results.

Individual mover volume was building, but broad premarket breadth remained incomplete. Consolidated cash-market volume was also unavailable before 09:30 EDT. Early indications can be thin.

The next test arrives at 08:15 EDT with private payrolls. July factory orders follow at 10:00 EDT New York Fed calendar. Both releases can shift yields before the opening bell.

Risks: delayed quotes may differ from executable futures prices. Oil headlines can reverse quickly. Premarket stock moves may fade when liquidity deepens.

The investor hinge is the 10-year yield. A break above 4.8% would keep pressure on long-duration shares. Stable yields would give the earnings winners more room.

Roman Perkowski

Roman Perkowski is a senior markets reporter at TS2.tech. His coverage ranges from stocks and technology to economic developments across global markets. He graduated from the Cracow University of Economics and worked in investment research and corporate finance before becoming a financial journalist. Follow Roman Perkowski on Google News.

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