Nasdaq Futures Fall 0.6% as Oil Above $90 Keeps Rate Risk High

Nasdaq-100 futures led Wall Street lower before Wednesday’s opening bell. The contract lost 0.57% from Tuesday’s settlement by 05:52 EDT.

NEW YORK, September 2, 2026, 06:00 EDT —

  • September Nasdaq-100 futures stood at 28,959.75 at 05:52 EDT, down 0.57% from settlement.
  • S&P 500 futures lost 0.24%; Dow and Russell contracts fell 0.13% and 0.21%.
  • WTI crude held at $90.32 while the 10-year Treasury yield hovered near 4.82%.
  • Premarket breadth was weak, though Dell and GitLab posted earnings-driven gains.

Nasdaq-100 futures led Wall Street lower before Wednesday’s opening bell. The contract lost 0.57% from Tuesday’s settlement by 05:52 EDT Yahoo Finance delayed CME data.

Oil above $90 and a 10-year yield near 4.82% tightened financial conditions. That pairing weighed most heavily on long-duration technology shares.

The final hour added modest pressure. Nasdaq futures fell 0.10% from 04:52 EDT, while S&P futures lost 0.05%.

Futures losses across two time windows

Percent change; September contracts. As of .

From settlementPreceding hour Nasdaq-100−0.57%−0.10% S&P 500−0.24%−0.05% Russell 2000−0.21%−0.07% Dow−0.13%−0.06% Preceding hour: 04:52–05:52 EDT. Scales differ between panels for legibility.

Source: Yahoo Finance delayed CME and CBOT contract data; calculations from displayed prices.

Regular-session advance-decline breadth was unavailable before the 09:30 open. Four liquid index funds offered a broad proxy, and each traded lower Investing.com premarket screen.

Broad index-fund proxy

Premarket change at 06:00 EDT; regular-session breadth had not opened.

NASDAQ:QQQ−0.58%
NYSEARCA:SPY−0.29%
NYSEARCA:IWM−0.23%
NYSEARCA:DIA−0.17%

Source: Investing.com U.S. premarket screen, retrieved September 2, 2026, 06:00 EDT.

Futures turnover was concentrated in the S&P and Nasdaq contracts. Their combined displayed volume exceeded 184,000 contracts by 05:52 EDT.

Displayed futures volume

Contracts through 05:52 EDT; September maturities.

S&P 500112,102 Nasdaq-10072,323 Russell 200014,682 Dow6,877

Source: Yahoo Finance delayed CME and CBOT feeds; displayed cumulative volume at the reporting snapshot.

Cross-asset pressure remained the larger driver. WTI was $90.32 and Brent was $94.89, both above settlement AP.

Fresh U.S.-Iran strikes kept energy-supply risk elevated. The 10-year Treasury yield reached roughly 4.82%, extending Tuesday’s bond selloff Reuters.

“We still think a hike right before the election is unlikely,” Significance Capital chief Ryan Isherwood told Reuters. Rate expectations have swung sharply over the past week.

Company news produced a wide counter-current. Dell Technologies NYSE:DELL rose 9.02%, while GitLab NASDAQ:GTLB climbed 20.23%.

Premarket price dispersion

Selected major earnings and news gaps at 06:00 EDT.

GitLab+20.23% Dell+9.02% American Water NYSE:AWK−7.10% MongoDB NASDAQ:MDB−13.60% Bar length shows absolute percentage change; zero line centered.

Source: Investing.com premarket screen and company-news pages, retrieved September 2, 2026, 06:00 EDT.

Dell lifted fiscal-year revenue guidance to $192 billion from $167 billion. It also raised AI-server revenue guidance to $74 billion company release.

GitLab reported 21% revenue growth and a 15% adjusted operating margin company release. MongoDB NASDAQ:MDB fell 13.6% despite 30% revenue growth and higher full-year guidance company release.

Factory orders and U.S. crude inventories arrive later Wednesday. Broadcom NASDAQ:AVGO reports after the close, while Friday’s jobs report remains the week’s main rate catalyst.

Risks: Thin premarket trading can exaggerate moves. Oil headlines, bond volatility or fresh earnings guidance could reverse prices before the open.

Shan Ahmed Khan

Shan Ahmed Khan is a senior markets reporter at TS2.tech. His coverage ranges from stocks and technology to economic developments across global markets. He worked in investment research and market analysis before becoming a financial journalist and is a graduate of the Lahore University of Management Sciences (LUMS).

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